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Atedo Peterside, president and founder, Anap Foundation and Anap Jets, said investors who cherish the rule of law are being replaced by those who “partner with politicians”. He made this known in a post via his X, formerly Twitter, account, on Thursday, while addressing a report by TheCable that Procter & Gamble (P&G) is halting local production. On Tuesday, during a presentation at the Morgan Stanley global consumer & retail conference in New York, United States, Andre Schulten, chief financial officer, P&G, disclosed the company’s plan. Schulten said P&G, producer of Pampers, Always, Oral B, Ariel and Gillette, will end…
Procter & Gamble (P&G), an American multinational consumer goods, says it has plans to transition from local production to solely importing its products as the firm winds down its on-ground presence in Nigeria. Andre Schulten, chief financial officer, P&G, disclosed this on Tuesday, during his presentation at the Morgan Stanley global consumer & retail conference in New York. P&G is the manufacturer of common Nigerian household items such as Pampers, Always, Oral B, Ariel, Ambi-pur, SafeGuard, Olay and Gillette. Schulten said the decision is a result of the challenging business environment in Nigeria, as well as the difficulty in creating…
There's an ever-changing landscape in today's business world. It's vital for companies to constantly stay ahead of the curve for consistent growth. Failure to do so can render your business practices outdated at best and obsolete at worst. One of my favorite events to attend each year is Ernst and Young's Strategic Growth Forum. In 2016, I was an award winner and have attended every year since. It's fascinating to meet the individuals and companies who also attend and to note the changing trends in growth and innovation each year. With that being said, here are a few innovative trends…
After starting the week in the red zone, the Nigerian Exchange Limited on Tuesday, closed in the green zone with N166bn gain. Losses recorded in the equities of some medium-cap companies dragged the market capitalisation of the Nigerian Exchange Limited to a loss of N259bn on Monday. Recouping part of the previous day’s losses, both the market capitalisation and the All-Share Index rose by 0.43 per cent to close at N38.989tn and 71,250.17 respectively. The drivers of the market trend were primarily the stocks of AccessCorp, United Bank for Africa, Zenith Bank Plc, FBNHoldings, and MTN Nigeria. Transaction volume rose…
Charlie Munger died on Nov. 28 at age 99. These reflections on his life and career, which he wrote for CNBC Make It, are among his final writings. My children and grandchildren might not think exactly the way I do, but I hope they can observe my life as an example of how to be successful in their careers and relationships — just as I did with the generations before me. When I was very young, my father practiced law. One of his best friends, Grant McFayden, Omaha's Pioneer Ford dealer, was a client. He was a brilliant and self-made…
Charlie Munger died on Nov. 28 at age 99. These reflections on his life and career, which he wrote for CNBC Make It, are among his final writings. One's journey to career satisfaction is not always linear. After graduating from Harvard Law School, I joined a well-regarded firm in California. I built a home and a family, and I worked hard for years. Even so, I wanted to earn more than what a senior law partner could expect. I started investing in stocks, businesses and property development before starting a law firm with some of my colleagues. I spent many…
With ideas this big, the more competition, the better Five years ago, in an interview with the CEO of Axel Springer, Amazon's founder and former CEO, Jeff Bezos, talked about his ambitions to send humans to Mars. "The solar system can easily support a trillion humans," Bezos said. "And if we had a trillion humans, we'd have a thousand Einsteins and a thousand Mozarts...and unlimited, for all practical purposes, resources from solar power." It's why Bezos has been selling $1 billion a year in Amazon shares to fund Blue Origin, his rocket company. The thing is, so far, the only…
The muck from incessant rain sloshes around Nestor N’Guessan’s feet as he points to a plot of cocoa trees ravaged by rot on his farm in Ivory Coast. The 52-year-old grower can’t save those plants from black pod disease, so he’s focusing efforts on quarantining whatever healthy ones he has left. The soakings of recent months mean fewer pods on his trees, with some supporting just a handful of cocoa buds. “I had to create a boundary to prevent the rest of the plantation from being contaminated,” he said while pruning the healthy thicket. “Yields are low. The weather hasn’t…
Equinor said on Wednesday it had agreed to sell its Nigerian business, including the company's share in the Agbami oil field, to Nigerian-owned Chappal Energies. Equinor did not reveal the price of the transaction. "Our business in Nigeria has been very profitable and we expect to book a gain when the deal closes," an Equinor spokesperson said. The Norwegian group will sell Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including a 20.21% stake in the Agbami field, operated by Chevron. Equinor's presence in Nigeria dates back to 1992, the company…
Oprah Winfrey is a media mogul worth $2.5 billion, but even she has felt stuck and confused at different points throughout her career. “I have been off course — I mean, in my 20s,” Winfrey, 69, said in a recent interview with Caroline Wanga, the president and CEO of Essence Ventures. “I just say the 20s are about figuring it out.” Like many young people, Winfrey held jobs early in her career that did not bring purpose or meaning to her life. In the late ’70s, Winfrey worked as a news anchor and reporter at Baltimore’s WJZ station. But, as…
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December 08, 2023

P&G, others’ exit from Nigeria paves way for ‘investors partnering with politicians’ - Atedo Peterside

Atedo Peterside, president and founder, Anap Foundation and Anap Jets, said investors who cherish the…
December 04, 2023

Nigeria’s electoral system so corrupt that ‘it's impossible for honest people to contest polls’ -…

Babangida Aliyu, a former governor of Niger state, says Nigeria’s corrupt electoral system has made…
December 08, 2023

3 things Taylor Swift just said as 'Person of the Year' that every leader should learn

On Wednesday, Time Magazine named Taylor Swift its Person of the Year, because, well, of…
December 02, 2023

Man suffering from headaches for 5 months discovers chopsticks stuck in his skull

A Vietnamese man who had been suffering from severe headaches and even loss of vision…
December 07, 2023

Gunmen waylay Kogi Election Tribunal officials, cart away petition documents

Kogi State Police Command yesterday confirmed that gunmen attacked the secretary of the state governorship…
December 08, 2023

Son of Israeli war cabinet minister killed in Gaza, IDF says

Master Sgt. (Res.) Gal Meir Eisenkot, 25, a combat soldier in the 551st reserve commando…
December 04, 2023

Google AI unveils Translatotron 3: A breakthrough in real-time speech translation

Researchers from Google AI have unveiled Translatotron 3, an innovative AI model that revolutionizes speech-to-speech…
November 20, 2023

Lackluster Nigeria held to 1-1 draw by Zimbabwe in World Cup qualifiers

Nigeria continued their stumbling start to the African 2026 World Cup qualifying campaign on Sunday…
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