Far back 2010, some investors offered to buy Nairaland, Africa’s largest online forum, from its founder, Seun Osewa, for one million dollars (about N150m). The Ota-based media-shy entrepreneur, according to Techloy, Nigeria’s most influential technology news portal, turned down the offer. Seun has told those that care to listen that the online forum will not go for anything less than N25 billion. Guess he wants to float a bank (lol). Whether he will be tempted with juicy but less than asking price, remains to be seen.
I think it’s a good decision by Seun, as Nairaland has the potential to turn in 50 million per annum in revenue and N150 milllion in just three years.
Posted by , Published at 2:53 PM and have
