Nigeria's pension fund regulator wants to diversify investments with more focus on infrastructure and private equity, a spokesperson said on Friday, a move that could unlock a major new source of capital in Africa's most populous nation. The voluntary and privately managed Retirement Savings Account held assets of 23.26 trillion naira ($14.58 billion) as of February, with 60% of that invested in government debt and less than 10% in corporate securities. Diversification would allow the fund to seek out higher-yield investments, National Pension Commission (PenCom) spokesperson Ibrahim Buwai told Reuters. "The current investment strategy can be improved, especially given the…

The Nigerian Exchange Limited (NGX) reversed its previous gains yesterday as market capitalization fell by ₦119 billion, primarily due to widespread selling of high-value stocks. The All-Share Index (ASI) declined by 189.73 points (0.18%) to close at 104,187.00 points, while market capitalization dropped to ₦65.470 trillion. This downturn was driven by losses in medium and large capitalized stocks including Unilever Nigeria, PZ Cussons Nigeria, Ecobank Transnational Incorporated (ETI), Guaranty Trust Holding Company (GTCO), and United Bank for Africa (UBA). Sector performance showed mixed results with banking (-1.6%) and consumer goods (-0.2%) indices declining, while insurance (+2.7%) and oil & gas…

As an entrepreneur juggling many different responsibilities, you'll likely find that any illness will seriously set you back temporarily while you recover. But there's one that may have powerful, lasting effects on your business -- and extend far beyond a simple day or two of absence. It's called "shiny object syndrome," and if it's plaguing you, you'll need to take action if you want your business to thrive. "Shiny object syndrome" in action At its core, shiny object syndrome (SOS) is a disease of distraction, and it affects entrepreneurs specifically because of the qualities that make them unique. Entrepreneurs tend…

Neil Patel Seldom does success come easily in business. Not to be pessimistic, but most entrepreneurs who make it have inevitably faced a myriad of challenges along the way. That's just the way it is. And what has stunted their growth and success along the way hasn't necessarily been major obstacles or turbulent storms. It's been the distractions they've allowed to invade their lives. These are often subtle distractions, so entrepreneurs may not even know there's a problem until one day they wake up to see that their efforts have been derailed. The key to moving forward is being able…