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The day I discovered the true wealth of Nigeria
__It’s not all about oil!
When I first arrived in Nigeria to set up the country’s first GSM mobile network, Econet Wireless Nigeria (now Airtel Nigeria), I had to serve as the company’s interim CEO for about six months, until we appointed someone substantive. This meant I practically lived in…Read More
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omatsulif joined the group
Africa: IT in Growing Economies
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![Profile picture of Efemona Muhammad Okeh]()
From the group I got this people gave their various answers. MaJority of the answers fell on zero, 10k and 20k This question is Funny in a way. I say it’s funny because it requires a second thought. Business persons should shook mouth put.
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![Profile picture of quincyomatsuli8]()
If we are to use c. P and s. P formular the answer is 20k but if we are to calculate using his capital then is 10k
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![Profile picture of Efemona Muhammad Okeh]()
Thanks for your comments. This question is trickery in a way. I don’t think it require a direct answer rather a conditional answer. Because he’s made a gain of 10k and going back to the market to repurchase; prices then increased again. He now have to roll out extra 10k from somewhere else if he must buy at new price.
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![Profile picture of Efemona Muhammad Okeh]()
Conditions II. Assuming the dealer is collecting the goods on credit he’s made 20k net profit.
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![Profile picture of Efemona Muhammad Okeh]()
But condition II is likely not going to be the situation since the question says he bought, he bought, he bought.
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BREAKING NEWS :
Alhaji Dahiru Mangal CON, a leading Arewa business figure and philanthropist, has completed a $1.5 billion cement plant in Kogi State, Nigeria. The first bag of cement was launched yesterday in a grand ceremony, marking a key milestone for Mangal Cement Company. The plant will produce 200 trucks of cement daily and create 10,000…Read More
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![Profile picture of Francis Akenami]()
This is good news.
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Local news: FG began selling 50Kg of rice for N40,000.
According to reports,Extra 10 trucks containing 50kg bags of rice will be delivered to every state. The rice will be available for sale at specific locations.Thoughts on this ?
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![Profile picture of Francis Akenami]()
Is this true please?
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![Profile picture of Efemona Muhammad Okeh]()
Very dark black man VDM attested.
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“If you don’t find a way to make money while you sleep, you will work until you die.”Warren Buffett. Think about it.
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Efemona Muhammad Okeh joined the group
Africa: IT in Growing Economies
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![Profile picture of Efemona Muhammad Okeh]()
Wow I think merely seeing the food one could say to himself where would I start eating from. Cos everywhere serad.
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Here are some recent technology news stories:
Artificial intelligence
British Prime Minister Rishi Sunak warned against rushing to regulate AI before understanding its risks.
Tech stocks
Tech stocks outperformed during the pandemic, but led considerable stock market declines in 2022. Tech companies are now challenged with weathering a…Read More -
Here are some recent global news stories:
Google disabled live traffic maps in Israel and Gaza at the request of the Israeli military.
Vladimir Putin critic Navalny refused to leave his jail cell for a court hearing.
Hurricane Otis made landfall near Acapulco, Mexico as a Category 5 storm.
Four suspected North Korean defectors were found in a…Read More -
RejiGNews: Global News Headlines Today.
Here are some recent news headlines from around the world:
The White House says Iran is “actively facilitating” some attacks on US military bases.
Israel pledges “unrelenting attacks” on Hamas.
The US Defense Department is sending a delegation to the Xiangshan Forum.
The UN envoy in Haiti upholds the…Read More2 Comments-
![Profile picture of Idebe Samuel]()
It is very worries that more than 5,000 people have dead in the conflict too bad. Humans have turned to chickens God has mercy on us!
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![Profile picture of Tokena Awha]()
Thanks you.
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How do we bridge the gap in IT between developed and developing nations?
The technology gap between developed and developing countries can be reduced by:
Expanding information infrastructure
Increasing access to markets
Reducing the cost of service, especially for internet access
Investing more in education
Introducing electronic devices to…Read More -
What is Informatiin Technology?
Information technology (IT) is the use of hardware and software to create, store, transmit, manipulate, and display information and data. IT includes computers, storage, networking, and other physical devices, infrastructure, and processes. IT is responsible for a large portion of our workforce, business…Read More
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Edewhor Victor Akpotu joined the group
Africa: IT in Growing Economies
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Information and communication technology (ICT) can help developing countries in many ways, including:
Supporting the poor in business development
Empowering the poor
Improving access to education and health
Improving the environment and preventing natural disasters
Increasing overall productivity
Increasing technological competitiveness
Linking…Read More -
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![Profile picture of Francis Akenami]()
Accept my friend request
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![Profile picture of Kelvin Ovri]()
Electricity in Nigeria is millitating against usage and advancement of technology.
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Said to be one of the oldest photographs taken in Barbados of a Bajan, this image captures Nancy Daniels. The picture is believed to have been taken in the 1850s, either at a studio in Bridgetown by the photographer Campion or at the house where she worked as a domestic servant.
Nancy was born either in 1751 or 1755 in West Africa, believed to…Read More
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![Profile picture of Esther Ifeanyi]()
God bless the memory of mama Ndigbo!
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![Profile picture of ERIC EJEH]()
ERIC EJEH joined the group
Africa: IT in Growing Economies
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Tom Molineux was one of the most famous boxers in the nineteenth century and fate saw that he died, and was buried, in Galway.
A promise from the Galway people to give him a suitable gravestone worthy of a champion was finally fulfilled in 2019, two hundred years after his death.
Born into slavery in Virginia in 1784, Molineux wowed crowds…Read More
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![Profile picture of Tokena Awha]()
See his hands. Sad he died a destitute.
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Mark Twain and his close companion, John T. Lewis, were captured standing side by side at Quarry Farm in Elmira, New York, back in 1903. Many have speculated that Lewis served as the inspiration for the character “Jim” in Twain’s famous novel, “Huckleberry Finn.”
John T. Lewis, born a freedman in Maryland in 1835, eventually settled in Elmira,…Read More
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CUBE SHAPED WATERMELONS in JAPAN .Round watermelons are so last century. Case in point: Farmers in Japan have begun to ‘grow’ cube-shaped watermelons by inserting them into tempered glass squares while the fruit is still growing on the vine. Not only do they look cool, they take up less room in the fridge too and are easier to stack !
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A man bought a car and celebrated the purchase with his family and friends. After everyone had retired to their respective homes, they went to bed.
However, around 3 am, the security man drew his attention to a strange development – the car had turned on by itself. Initially thinking it was a joke, the man went downstairs and realized it was…Read More
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10K so long as he has not been spending money feeding it.