Business News

Gili Malinsky When you’re doing a job interview, whether virtual or in person, you’ll want to follow the appropriate etiquette. “You want to make sure that you’re making good eye contact,” says Emily Levine, executive vice president at recruitment firm Career Group Companies, “that you’re reading the room in terms of when it’s appropriate to speak, when it’s appropriate and time to ask questions.” Levine has interviewed “thousands and thousands of people” in her career, she says, often for A-list celebrities looking for personal assistants or chiefs of staff. Here are Levine’s best tips for avoiding her top red flags…
Interview with Timi Oke CO-FOUNDER and CEO, AGROEKNOR Timi Oke is the co-founder and CEO of AgroEknor, a company exporting dried hibiscus flowers grown in Nigeria to global markets, including the US, Mexico and Europe. He secured his first agricultural trading deal through LinkedIn while still working at a bank in the UK. How we made it in Africa editor-in-chief Jaco Maritz spoke to Oke about building the company and the opportunities within Nigeria’s agricultural industry. Topics discussed during the interview include: How he landed his first commodities trading deal through LinkedIn The booming market for hibiscus flowers Key lessons…
Tom Huddleston Jr. To become successful, you might have to learn to take yourself less seriously and be willing to keep doing the work, even when times get tough. That’s according to Jake Loosararian, the co-founder and CEO of Gecko Robotics, a tech startup that makes wall-climbing robots for jobs too dangerous for humans, like scanning the inside of a power plant boiler or nuclear missile silo for critical structural issues. After starting as a college engineering project, Gecko launched as a business in 2013. It ranked 42nd on the 2024 CNBC Disruptor 50 List and was most recently valued…
Holcim, a Swiss building materials company, has agreed to sell its Nigerian business to Huaxin Cement Ltd., a Chinese firm. The deal, valued at $1 billion, would lead to the sale of Holcim’s 83 percent stake in Lafarge Africa, according to a statement on Sunday. Lafarge Africa Plc is a member of the Holcim Group — a maker of roofing and other housing products, such as cement, aggregates for construction and ready-mix concrete. The company said the agreement has been signed, noting that the transaction is expected to close next year. “Holcim has signed an agreement with Huaxin Cement Ltd…
When I think about rebranding, it’s a bit like cleaning out my closet. At first glance, everything seems fine—comfortable, familiar. But when I start looking closer, I realize some of the clothes I’ve held onto no longer fit who I am or where I’m headed. That’s when I know it’s time for a refresh, not just to feel better about the present, but to reflect the future I’m stepping into. Rebranding is similar. It’s not about discarding everything, but about taking stock, making purposeful changes, and positioning yourself for where you want to go next. Why are you rebranding? Before…
Oil marketers have outlined the conditions that will make them patronise the newly rehabilitated Port Harcourt Refinery Company in Rivers State. PHRC, under the management of the Nigerian National Petroleum Company Limited, must dispense its refined petroleum products below the prices of the Dangote Petroleum Refinery, the dealers stated. But the NNPCL, in reaction to claims on Wednesday that its petrol price was about N1,045/litre, stated that the refinery had yet to release its prices, as products from the plant were currently dispensed to only NNPCL stations. The oil firm’s spokesperson, Olufemi Soneye, revealed that the company was still reviewing…
A lesson many business owners learn the hard way is that chasing growth too early can compromise the quality of a product or service. It can also overwhelm a young company’s operations, with potentially disastrous results. So how do you scale a successful business that’s inherently difficult to scale? To answer this question, we turned to three founders whose business models don’t readily lend themselves to fast growth: Sarah LaFleur, founder of womenswear brand M.M.LaFleur; Ariela Safira, founder of mental health care company Zeera; and Christina Tosi, founder of bakery chain Milk Bar. All three of these founder-CEOs have faced…
Wednesday, 27 November 2024 04:55

CBN increases Interest Rate yet again

The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR) from 27.25% to 27.50%, marking a key decision by the bank’s Monetary Policy Committee (MPC). The MPR serves as the benchmark interest rate for the country. CBN Governor, Olayemi Cardoso, announced that the MPC maintained the asymmetric corridor around the MPR at +500 and -100 basis points. Additionally, the committee retained the cash reserve ratio (CRR) at 50% and the liquidity ratio at 30%. Cardoso explained that the hike in the MPR is aimed at addressing rising prices and stabilizing inflation. He highlighted the committee’s focus on…
If you read my Inc. columns, you know I’m a huge fan and practitioner of emotional intelligence. Of course, I’m biased since I coach leaders for a living. But play along, you might find this useful and maybe even convincing. Did you know 90 percent of top performers have high emotional intelligence? On the flip side, just 20 percent of bottom performers are high in emotional intelligence. That’s according to research by the good folks at TalentSmartEQ. Here are other good reasons to bulk up your EQ muscles: Leaders with high EQ outperform their counterparts by 40 percent in key…
Tuesday, 26 November 2024 04:44

CBN extends deadline for BDCs to recapitalise

The Central Bank of Nigeria (CBN) has granted a six-month extension to Bureau De Change (BDC) operators to recapitalise their businesses, moving the deadline from December 2024 to June 3, 2025. ABCON President Aminu Gwadebe announced the extension during a virtual general meeting with over 220 CBN-licensed BDC operators and stakeholders on Monday. The extension comes after the CBN issued new operational guidelines in May, requiring existing BDCs to re-apply for licences under two tiers with specific capital requirements. Under the new guidelines, Tier 1 BDCs must maintain a capital base of N2 billion, while Tier 2 BDCs need N500…
June 24, 2025

Oil prices fall to over one-week lows as Trump announces Israel-Iran ceasefire

Oil prices tumbled on Tuesday to their lowest level in more than a week as…
June 25, 2025

Tinubu’s controversial biography reignites as Atiku disputes claim of Belarusian ‘schoolmate’

President Bola Tinubu’s already controversial academic record has come under renewed scrutiny following his recent…
June 23, 2025

The reason even successful people struggle to get out of bed some days

Sometimes after a long, productive day, I only have the energy to scroll on social…
June 21, 2025

Man convicted of posing as flight attendant to fly for free 120 times

A 35-year-old American man has been found guilty of impersonating a flight attendant at least…
June 25, 2025

Over 40 security operatives killed by bandits in Zamfara, Daily Trust reports

One of Nigeria’s most notorious bandit kingpins, Kachalla Bello Turji, reportedly killed more than 40…
June 25, 2025

Israel Vs Iran: Here’s what to know after Day 12

Fragile ceasefire holding, Trump envoy says peace talks with Iran 'promising' The ceasefire brokered by…
June 25, 2025

Tesla robotaxi launch: Why getting from dozens to millions of self-driving cars won't be easy

Tesla (TSLA.O) finally has a robotaxi. Now comes the hard part. The electric-vehicle maker deployed…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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