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You don’t have to be a CEO, or even a manager, to be influential at the office. Getting your coworkers to listen to and support your ideas boils down to just three emotional intelligence techniques, says Stanford University lecturer and communication expert Matt Abrahams. They can help you show your peers and bosses that you have strong ideas, form meaningful connections across your workplace, improve your job-related skills and maybe even land you a promotion, he says. The advice is timely, Abrahams adds: Hybrid and remote work mean most entry- and mid-level Gen Z and millennial employees get less face…
Some executives disconnect from the job, while others rethink their work. Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. Last month Modern CEO highlighted the topic of executive burnout, noting that 19 of the CEOs tracked in Challenger, Gray, and Christmas’s annual turnover report died on the…
Cryptocurrency giant Binance has said it will discontinue all its naira services, days after two of its officials were detained in Nigeria. The world’s biggest cryptocurrency exchange has already told its Nigerian users to either withdraw their naira deposits, trade their assets denominated in the currency or convert their naira holdings into crypto before the discontinuation comes into effect on Friday. “From 2024-03-08 08:00 (UTC), any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT,” Binance said in a statement posted on its website on Tuesday. The federal government blocked access to the platform in February,…
Even if you’re not the boss’s favorite, getting into your manager’s good graces can improve your morale and productivity, and ultimately, boost your career. But it takes a lot more than being a hard worker who meets deadlines to be a standout employee. If you want a relationship that goes beyond “we get along fine,” you’ll need to connect with your boss on a personal level, say Gensler’s co-CEOs and global co-chairs Andy Cohen and Diane Hoskins, who help manage the design and architecture firm’s more than 7,000 employees across the world. Hoskins has noticed that younger employees — Gen…
Hiring the wrong person is costly on every front: money, time, energy, and the well-being of your employees. Even if you hire the right people 90% of the time, one in ten new hires being the right people can create a ton of disastrous misalignment--especially at the senior level. Brad Jacobs is a CEO and serial entrepreneur who has founded and led seven billion-dollar companies. In his book, How To Make a Few Billion Dollars, Jacobs explains the characteristics he looks for when hiring into world-class organizations, and what all leaders should look for when building their own teams. "When…
Oil prices rose on Monday after OPEC+ members agreed to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, largely in line with market expectations. Brent futures was 28 cents, or 0.3% higher, at $83.83 a barrel at 0134 GMT, while the U.S. West Texas Intermediate (WTI) rose 20 cents, or 0.3%, to $80.17 a barrel. The output cuts by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are expected to cushion the market amid global economic concerns and rising output outside the group, with Russia's announcement surprising some analysts. Russia…
Sometimes, the ride to school for Ritu Narayan’s children arrived on time. Sometimes it didn’t. Whenever her kids’ transportation plans fell through, the longtime tech product manager at companies like eBay and Oracle had to enter crisis mode and drop everything at work. She thought of her own mother, a former teacher in India who faced the same problem decades ago — and ultimately put her career aside to raise four children. Narayan’s solution: She left her job to create Zum, an AI-backed electric school bus service that launched in 2015. It started as something of a self-funded Uber, chauffeuring…
MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion a year earlier. The losses resulted in a wipe-out of shareholders’ funds. The company attributed the losses to a massive foreign currency loss of N740 billion up from N81 billion reported in 2022. This is the company’s first-ever loss since it became a quoted company in Nigeria. According to MTN, “the loss was significantly due to operational changes to the Nigerian Foreign exchange market, including the abolishment of the segmented/parallel structure announced by CBN in June 2023.” MTN also stated…
Central Bank of Nigeria (CBN) has revoked the licences of 4,173 bureau de change (BDC) operators for failing to observe regulatory provisions. In a statement signed by Sidi Ali, CBN’s acting director, corporate communications, on Friday, the apex bank said the BDCs failed to observe at least one of its regulatory provisions, such as payment of all necessary fees, including licence renewal, within the stipulated period in line with the guidelines. “The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the…
In finance, a bubble is too much money chasing assets, greater asset production, and a herd mentality. In new venture plans, a bubble is too many aspiring owners and too many investors chasing the latest "next big thing," like a Google search engine, Facebook social network, or Amazon e-commerce site. In all these cases, a burst is inevitable and everyone may lose. The big question is how to spot these bubbles and jump to a better alternative, rather than get sucked into the vortex. Based on my own experience, and insights by Vikram Mansharamani on the financial side in his…
January 09, 2025

This is the ‘biggest barrier to building wealth,’ says behavioral finance expert

I’ve been meaning to sell some company stock and diversify into another investment for awhile…
January 10, 2025

Bauchi Gov to Tinubu: Your policies not working, hardship worsening

Governor Bala Mohammed of Bauchi State has urged President Bola Tinubu to address the growing…
January 10, 2025

Detty December: ‘an ode to Nigeria’s unyielding spirit’

It’s a world of endless parties and sleepless nights. A relentless celebration that turns West…
January 04, 2025

Shy man cuts off 4 fingers instead of telling boss he wanted to quit his…

A 32-year-old Indian man admitted to cutting off four fingers on his left hand to…
January 08, 2025

Borno attack: Soldiers missing, casualties mount after base overrun

Four days after Boko Haram militants launched a deadly assault on a military base in…
January 10, 2025

What to know after Day 1051 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Kremlin ‘would welcome’ contact from Trump Moscow would be willing to talk to…
December 25, 2024

Stem cell therapy to correct heart failure in children could 'transform lives'

Renowned visionary English physician William Harvey wrote in 1651 about how our blood contains all…
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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