Nigerian exporters that have not repatriated export proceeds will be barred from all banking services from Jan. 31, the central bank said. The new directive applies to exports up until June last year, central bank spokesman, Osita Nwanisobi said by text message on Saturday. “Proceeds for oil is to be repatriated within 90 days and non-oil within 180 days.” The measures are part of an effort to defend the country’s currency by targeting importers and exporters with tougher regulations. That’s after a plunge in oil prices and the coronavirus pandemic led to dollar shortages in Africa’s largest crude producer resulting…

When you hear the word "no", don't take it personally. Instead, embrace it and improve. No one likes to hear the word "no" when they have goals they are looking to accomplish. Whether it's raising capital for your startup and the investor says no to your proposal you spent months working on, or you're looking for press and the journalist declines your pitch, the denial can sting. But, if taken with the right mindset, "no" can be your best friend. Especially for us entrepreneurs, here are 5 reasons why you should embrace when people turn you down: It forces you…

Be careful. Is your bad manager a rescuer, a people-pleaser or a numbers person? Work long enough, and you are bound to have a bad manager. Unfortunately, they do not operate in just one manner. They can be aggressive, neglectful, ingratiating or just plain inept. And not all of them were bad to begin with. The very strategies and skills that may have made them star performers can make them terrible to work for. Lawrese Brown, the founder of C-Track Training, a workplace education company, said bad bosses who used to be star performers “are following the script of ‘I…

Federal government has launched an e-ticketing solution for the Abuja-Kaduna rail line. Minister of Transportation, Rotimi Ameachi, said the initiative is a Public Private Partnership (PPP) valued at N900 million. The amount is provided by the concessionaire, SecureID Solutions, which will run the system for 10 years to recoup its investment before handing ownership back to Nigerian Railway Corporation (NRC). The government said the initiative will address numerous complaints by commuters about ticket racketeering, according to statement from Eric Ojiekwe, a spokesperson for the transportation ministry. Amaechi, who conducted a virtual launch Thursday, said the automated ticketing system will enhance…