
Nigerian millionaire blogger Linda Ikeji has launched her own social networking platform -- Linda Ikeji Social (LIS).

A former model from Lagos, Nigeria, Ikeji says her social network, LIS (Linda Ikeji Social) has something others lack: a one-stop shop for everything online.

LIS launched on November 1, and had 50,000 sign-ups within the first 24 hours.

The social network has a news and gossip section, an online marketplace and a space where people can share their own news articles.

Ikeji hopes the new venture will be the next Facebook. Unlike other networks she plans to give cash incentives. Those with more than 50,000 followers can earn revenue from the advertisements placed on their profiles.

Ikeji has grown a large following since she started blogging 10 years ago. Today she has 1.32 million Twitter followers and 796,000 following on Instagram.

Besides chatting with friends and getting the latest news, users can upload original news stories. If accepted, the network will pay out N8,000 (around $25) to writers.

Ikeji's own blog, which she started in 2007, has around 7 million page views per day and is especially popular with Nigerians living abroad.



