Business News

"Ultimately, we know very deeply that the other side of every fear is a freedom." —Marilyn Ferguson, author of The Aquarium Conspiracy Anytime we are about to make a difficult decision or try something new, we instinctively consider the risk. We ask ourselves a whole host of questions that begin with “But what if . . .” That phrase is then followed by any number of potential concerns with varying degrees of likelihood based on past experience, fears, and worst-case scenarios. Everyone has fears. Some fears protect us from very real threats, while others irrationally paralyze us. I’ve explored what…
Nigeria Customs Service (NCS) says it will re-introduce the suspended electronic valuation policy on Friday. NCS said this in a letter dated May 17, 2022, and signed by Ajibola Odusany, NCS’ deputy controller, administration, on behalf of Yusuf Malanta, area controller in charge of the Apapa Command of the service. The agency said there would be a sensitisation programme for stakeholders in the clearance chain in preparation for the redeployment. “In line with the planned nationwide deployment of the VIN Valuation on Friday, 20 May 2022, and the need to continually enhance the platform for optimal performance and service delivery,…
The quality of your ideas is important. Even more important: being able to communicate those ideas effectively. Before he died, beloved MIT Professor Patrick Winston would give a famous lecture to university students teaching them the value of good communication. In his introduction, he drew attention to the Uniform Code of Military Justice, which calls for court martial for any officer who sends a soldier into battle without a weapon. Winston says there ought to be a similar protection for students--and we might add, that protection should be provided for entrepreneurs and aspiring business owners, too. Namely, that no one…
Earlier in her career, Ann McNeill had a very different time-management approach than she does now. "I was one of those people that if I had to be to work at eight o'clock, I got up at seven-thirty," says McNeill, the founder and CEO of MCO Construction and Services, a Miami-based consulting company that partners with private-sector firms working on public sector land projects. Following the 1980 race riots in Miami, McNeill decided to leave her role as a contract administrator for Pratt & Whitney aircraft group to become an entrepreneur, set on rebuilding the affected neighborhoods. Today the 68-year-old…
Business partners can be co-founders in a startup, multiple owners of an existing business or a joint venture. In every case, a partner can be an asset, bringing new skills and perspectives to the business; or a burden, making every decision more difficult, and taxing your lifestyle satisfaction. You need to do the due diligence to make that decision before you sign away your equity. As a former startup investor, I was often involved with due diligence on founders, and I felt that founders should do the same on co-founders, as well as investors. Differences you find after the deal…
Naira plunged against the U.S. dollar on Monday with a 0.60 per cent depreciation at the official market. According to FMDQ, where forex is officially traded, the naira which opened trading at N417.30 closed at N421.50 to a dollar at the close of business on Monday. This implies N2.50 or 0.60 per cent devaluation from N419.00 it exchanged hands with the greenback currency Friday, last week. This is the second lowest level the naira exchanged officially with the dollar in five months after closing at N422.67 to a dollar on January 5, early this year, and the first time it…
The Russian rouble firmed past 64 per dollar on Monday and climbed towards a near five-year high against the euro, supported by continuing restrictions on currency trading. The rouble is the world’s best-performing currency this year, although this is due to artificial support from capital controls that Russia imposed to shield its financial sector in late February after sending tens of thousands of troops into Ukraine. At 0744 GMT, the rouble was 0.9% stronger against the dollar at 63.96, hovering near its strongest mark since early February 2020 of 62.6250, which it hit on Friday. Against the euro, the rouble…
The best business leaders ask the best questions, especially when hiring new staff. After all, these are the people who will drive their company's growth and success. But savvy business leaders and execs aren't always looking for a 'right' answer. Instead, they're more interested in how potential employees handle the questions being asked. First of all, understanding what interview questions to ask is key. Equally important is knowing the intentions behind the toughest questions you're choosing to ask. Here's a look at interview questions asked by successful business leaders. They were put together by online CV builder resume.io, with some…
In a rapidly decolonising world, it is remarkable how Eurocentricity remains the hallmark of today’s organisational culture. But what happens when organisations transform their culture and lean it towards an Afro-centric model? Since the technology boom and machine replacements in businesses, human hands have become increasingly redundant. However, human brains and creative thinking have become the most critical force for any company. The problem is that you cannot force human brains to give you the creative and innovative magic you may need. “Getting the best out of human brains means establishing the best conditions under which human beings thrive,” says…
Federal government has released new guidelines aimed at protecting investors in digital assets as trades in cryptocurrencies get boost in Africa’s most populous nation. The rules issued by the Securities and Exchange Commission (SEC) offer more clarity on trading in cryptocurrencies, it was learnt. The rules cover “issuance, offering platforms and custody of digital assets” for virtual technologies, according to a statement on its website. This is coming amidst controversy over the acceptability of cryptocurrencies in Nigerian financial ecosystem. Despite order by the Central Bank of Nigeria (CBN) to commercial banks to stop transactions in cryptocurrencies, Nigeria is said to…
January 01, 2025

Tips for work success in 2025, from a former Google exec: It’s ‘the kind of…

Gill Malinsky After nearly 18 years at Google, Jenny Wood now dedicates her time to…
December 27, 2024

Bauchi governor accuses Tinubu of anti-North policies, warns of backlash

Bauchi State Governor Bala Mohammed has criticized President Bola Tinubu’s tax reform policies, calling them…
December 30, 2024

As prices of vegetable oil hit the roof, Nigerians use this kitchen gadget as alternative

It seems the high cost of vegetable oil has done what no culinary innovation could—turn…
December 29, 2024

Missing dog returns home on Christmas Eve, rings doorbell

Athena disappeared from her Florida home on Dec. 15 and had her family worried they…
December 27, 2024

Christmas Day attack on Benue community claims 11 lives

At least 11 people have been reportedly killed in Tor Azege community in Kwande Local…
January 01, 2025

What to know after Day 1042 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine hits Russian oil depot in Smolensk region The Ukrainian military said on…
December 25, 2024

Stem cell therapy to correct heart failure in children could 'transform lives'

Renowned visionary English physician William Harvey wrote in 1651 about how our blood contains all…
December 17, 2024

Ademola Lookman named 2024 CAF Men’s Player of the year. These players won in other…

Ademola Lookman, the Super Eagles winger, was crowned the 2024 CAF Men’s Player of the…

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