Business News

Just because a piece of advice is common doesn't mean it applies to every entrepreneur. Follow your passion. Always be hustling. Don't be afraid to take risks. Every new and aspiring entrepreneur has likely heard common pieces of business advice like this repeated over and over again. The problem is that these types of tips are rarely universal; each business is unique and needs to find its own path to success, regardless of what has worked for other entrepreneurs. Below, eight entrepreneurs shared some common business principles that they believe are overrated. Here's why they think you shouldn't necessarily follow…
Everyone has something unique to bring to the table. As a long-time advisor to new entrepreneurs in the U.S, I've long been convinced that each and every entrepreneur--from the U.S or otherwise--has something unique to bring to the table. When starting a business, you can make your heritage and background the key to your competitive advantage. All successful entrepreneurs seem to display a common set of positive traits, which I believe should be high on the priority list of every entrepreneur and business professional, no matter what your background is. Here, a deeper dive into how you can channel your…
It’s not every day that a FTSE 100 boss tells you about her nightly hot flashes. But for 45-year-old Liv Garfield, the chief executive officer of British water utility Severn Trent Plc, it’s a way to demystify a natural phenomenon affecting menopausal women -- a growing cohort at companies around the world. With menopause driving scores of women out of the workforce each year, addressing it is essential, says Garfield. “To not employ swathes of women from 45 to 60 has got to be a real issue -- otherwise you’re missing all the insight from that particular generational category,” she…
Naira gained against the U.S. dollar at the official Investors and Exporters (I&E) window and the black market on Thursday. The currency closed at N411.50 per dollar, a 0.12 per cent appreciation from N412.00 it traded in the previous session on Wednesday. The Naira witnessed a forex turnover of $138.20 million, this translates to a 4.81 per cent rise from $131.86 million posted in the previous session on Wednesday. The domestic currency reached an intraday low of N412.00 and a high of N400.00 before closing at N411.50 on Thursday. The last time the currency touched N411.00 and above at the…
Naira fell significantly against the U.S. dollar at the unofficial market on Tuesday, after Nigeria’s foreign reserves plunged to its lowest level in four years last week. The reserves fell by $222.3 million between May 31 and June 10 to $34.0 billion, according to figures published by Central Bank of Nigeria. The last time it fell below that mark was between June and July of 2017. Data posted on abokiFX.com, a website that collates parallel market rates in Lagos showed, Naira closed at N505.00 at the black market, a N 3.00 or 0.60 per cent fall from N502.00 it traded…
Experts and entrepreneurs outline common business naming blunders so you can avoid them. Would Google still be Google if the founders had stuck with their nickname for the business and called their company BackRub? Would Sony have become a global powerhouse if it kept its original name, Tokyo Tsushin Kogyo? And which would you prefer, a Pepsi or a nice cold can of Brad's Drink? Looking back at naming near misses is funny. It also illustrates just how incredibly important it is to select the right name for your business. As well as how easy it is for even smart…
Wednesday, 16 June 2021 05:51

Stocks on NSE lose N340bn on profit taking

Trading at the domestic bourse opened the week on a bearish mood with the market capitalisation losing N340 billion in one day, due to drop in Airtel Africa. Specifically, the market capitalisation, which opened at N20.409 trillion, dipped by N340 billion to close at N20.069 trillion. Also, the All-Share Index shed 648.99 points or 1.66 points to close at 38,507.29 from 39,156.28 achieved on Friday. Accordingly, month-to-date gain moderated to 0.2 per cent, while year-to-date loss increased to 4.4 per cent. The market loss was driven by price depreciation in large and medium capitalised stocks amongst which were; Airtel Africa,…
John Rossman, author of 'The Amazon Way,' explains why businesses of any size can benefit from the lessons the e-commerce giant has learned. Amazon grew into the behemoth it is today in part as a result of an obsession with its customers. Many of the lessons the company learned along the way can benefit your business too, says John Rossman, a former Amazon executive. Rossman just released the third edition of The Amazon Way, a book aimed at helping business owners translate Amazon's unique culture and management practices into usable opportunities. Here are four customer service tips he recommends you…
Nigerian crude variants are now seeking other buyers in Asia and Europe as India’s Covid-19 situation remains shrouded in uncertainty amid stringent regional lockdowns and weak domestic consumption. S&P Global Platts reported that most Nigerian crudes were trading at close to 12-month lows. The country’s flagship grade, Bonny Light was last assessed at Dated Brent minus $0.8 per barrel, up from a recent low of minus $0.95 per barrel, but still close to the weakest it has been since May 2020. Akpo condensate, normally a preferred grade for Indian refiners, was last assessed at Dated Brent -$2.10 per barrel, its…
The social media giant has been ensnared in a battle with the Indian government for months over free speech and other issues, and is contending with restrictive new rules pushed by New Delhi. If that wasn't enough, even more dramatic events are unfolding thousands of miles away along Africa's Western coast. Nigeria last week "indefinitely" blocked Twitter (TWTR) after the company deleted a post from President Muhammadu Buhari that threatened a brutal clampdown on unrest in Africa's most populous nation. The Nigerian government also ordered federal prosecutors to arrest users of the app. The restrictions in India and the ban…
April 18, 2025

UK Appeal Court upholds $380m judgment against Nigeria LNG

Nigeria LNG Limited (NLNG) has lost its appeal in a London court, cementing a $380…
April 17, 2025

Afenifere accuses Tinubu of ‘destructuring’ Nigeria, demands urgent reforms

Pan-Yoruba socio-political group, Afenifere, has criticized President Bola Tinubu’s administration, accusing it of dismantling the…
April 16, 2025

A strategy to get more done—and feel less stressed

For some people, the expression “You have as many hours in the day as Beyoncé”…
April 06, 2025

Excavation near site where Jesus was crucified and buried results in ancient discovery

Proof of an ancient garden, consistent with biblical scripture, has emerged at the holiest site…
April 17, 2025

Terrorists kill 144 in Plateau, Benue in 14 days, Vanguard reports

No fewer than 144 persons have been killed by herdsmen in the two north central…
April 18, 2025

What to know after Day 1149 of Russia-Ukraine war

WESTERN PERSPECTIVE Zelenskiy accuses China of supplying Russia with weapons Ukrainian President Volodymyr Zelenskiy said…
April 15, 2025

Is it finally safe to ditch your phone case? I put it to the test

Thomas Germain With smartphones tougher than ever, a new wave of phone minimalists say cases…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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