Business News

Despite the marching orders given by Minister of Transportation, Rotimi Amaechi, when he visited Apapa last week that the port access roads be cleared immediately, the situation has worsened. According to our investigation, no fewer than 500,000 containers laden with raw materials belonging to manufacturing companies and traders are currently trapped at the Tin Can Island Port, Lagos. A top management staff of an international beverage company, who craved anonymity, said yesterday that his company had run out of substrate used in manufacturing one of its soft drinks. “We exhausted our stock and the container loads we imported arrived more…
Justin Bariso Facebook is starting to look desperate. Over the past weeks, the world's largest social network has taken out several full-page ads in The Wall Street Journal, New York Times, and the Washington Post. The ads attacked Apple's new privacy changes, which Facebook claims will severely hurt small businesses, and "will change the internet as we know it--for the worse." Facebook's recent desperation isn't surprising. It's the culmination of a series of events that began years ago, and that we've been building towards for a long time. How Facebook moved fast and broke things "Move fast and break things.…
In the pandemic, many of us have noticed that we use this excuse to not do what we really do not want to do. For many, the pandemic has shown us that the phrase "I don't have time" is really just an excuse. How many times have we stopped going with friends, learning a new skill, exercising, or even starting our own business because we say we don't have time? Surely, you, like me, several. These months of confinement have changed the routines for most of us. Although there have been cases of people who have had to even double…
ExxonMobil issued a force majeure on Nigeria’s Qua Iboe crude oil export terminal last week, a spokesman said on Tuesday, after a fire hit the facility and injured two workers. The spokesman did not say how much production would be lost, or when the terminal would come back online. At the time of the incident, ExxonMobil said it did not anticipate any impact to operations at Qua Iboe, which is among the largest oil export streams in Nigeria, Africa’s largest crude exporter. A source told Reuters production is expected to resume in early January. Reuters
Nigerian equity market on Monday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation rose further by1.73 per cent. However, market breadth closed flat with 23 gainers against 23 decliners. Consequently, All-Share Index grew by 638.65 basis points or 1.73 per cent from 36,804.75 index points last Friday to 37,443.40. Market capitalisation of equities appreciated by N334bn to close at N19.57tn from N19.24tn. On the activity chart, the insurance sub-sector dominated in volume terms as 153.47 million shares exchanged in 766 deals. The sub-sector was enhanced by activities in the shares of AIICO Insurance Plc…
We closed one of our funding rounds about the same time we landed our largest government R&D contract. At that moment, our plans were clear, our bank account was flush, and the horizon was bright. But I only got one day of basking. The next day I was back in the sprint, aligning our plans and expectations with reality. Within a year, our company was pivoting as the complexity of new technology ran into market acceptance and price tolerance. I needed real-time feedback from my team on what was working, and more importantly, what wasn't. Leadership isn't hard when things…
Warren Buffett advises young people to read extensively, work on their communication skills, and strive for a job they will be excited to do each day. The investor and Berkshire Hathaway CEO offered the guidance as part of a virtual commencement address on Saturday to students graduating from the University of Nebraska-Lincoln - his alma mater. Here are the 11 best quotes. Warren Buffett's advice to young people: Read widely, find a job you're passionate about, and earn the love and admiration of those around you. The billionaire investor and Berkshire Hathaway CEO shared those tips during a recent conversation…
May 13, 2025

NGX records significant growth in Q1 2025 trading activity

The Nigerian Exchange Limited (NGX) reported a remarkable 44.8% surge in equity transactions for Q1…
May 12, 2025

Northern leaders demand urgent action on insecurity, push for state police

Amid worsening insecurity across Nigeria, the 19 Northern governors and traditional rulers have called for…
May 10, 2025

The No. 1 lesson I learnt about relationship building, from a human connection specialist

Developing healthy, lifelong connections is something that Mark Groves knows all about: He equips individuals…
May 10, 2025

Town residents involutarily get high after Police burn 20 tons of confiscated cannabis

The 25,000 residents of Lice, a town in Turkey’s Diyarbakır province, involuntarily got high after…
May 13, 2025

Terrorists attack Nigerian army base in Borno, troops missing, sources say

Suspected Islamist militants attacked a Nigerian army base and captured soldiers and ammunition during a…
May 13, 2025

Here’s the latest as Israel-Hamas war enters Day 585

Freed Israeli-American hostage leaves Gaza, Israel says no ceasefire An Israeli-American hostage was released from…
May 11, 2025

African diet – plantains and cassava can be as healthy as tomatoes and olive oil,…

Plantains, cassava and fermented banana drink should be added to global healthy eating guidelines alongside…
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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