Melissa Houston Starting a business can be one of the most rewarding and exciting journeys you can go on, but if the business fails, the failure can be tough to manoeuvre. Research shows that about 20 percent of small businesses fail within their first year, so choosing business ideas with high profit and low failure rates is a smart strategy. When you combine strong profit potential with lower failure rates, you set yourself up for long-term business success. These two factors create a foundation that allows your business to not only thrive but also weather challenges more effectively. Choosing the…

The Nigerian Communications Commission (NCC) has authorized telecommunications companies to implement their first tariff increase since 2013, though at a lower rate than requested. The approval caps the increase at 50%, falling short of the 100% hike sought by some operators. In an announcement released Monday, NCC Director of Public Affairs Reuben Muoka explained that the decision was made under the commission's statutory authority to regulate telecommunications pricing. The adjustment aims to address the growing disparity between operational costs and existing tariffs while ensuring service quality remains uncompromised. "This measured increase reflects our careful consideration of ongoing industry reforms and…