Business News

Have you ever had the experience where somebody forwards you an email thread and you have to read through fourteen different conversations to find the action items? You basically have to become an investigative journalist trying to piece together who said what, who was this again...and by the end of the email you find yourself frustrated with the entire experience. That's an example of bad design. And as a business owner, there are lots of things in your day to day that likely suffer from similar design flaws. So today, I want to share some examples of how you can…
Monday, 12 September 2022 06:18

6 ways to develop sharp business judgment

The best kinds of organizations to be a part of are winning organizations, ones that consistently meet or exceed lofty goals and have a confidence about them driven by everyone feeling they're working on a team of champions. The leader, of course, is the heartbeat of such an organization and within that, it's that leader's ability to consistently make good decisions that makes that heart beat. Nothing leads more directly to better results than better decisions and nothing aids better decisions better than good judgment. That's why Harvard Business Review's January-February 2020 issue caught my eye, because in it, London…
Look into the childhoods of many super high achievers, from Howard Schultz to Madonna to Eleanor Roosevelt, and you'll notice a common theme: They weren't very happy. In fact, a great many are downright tragic. Madonna lost her mother to cancer at age five. Schultz grew up in a tough housing project. Roosevelt's dad drank himself to death. At first this might look like just random anecdotes, but science suggests there is something more to this observation. One classic study of 400 high achievers who had at least two biographies written about them (for positive reasons) found that an incredible…
National Bureau of Statistics (NBS) says Nigeria recorded a N3.2 trillion trade surplus between January and June of 2022. The bureau stated this in its recent report titled: ‘Foreign trade in goods statistics (Q2 2022)’. In the first half of the year, Nigeria’s total exports was N14.5 trillion and total imports was N11.3 trillion, which gives a trade surplus of N3.2 trillion. A trade surplus is an economic indicator of a positive trade balance in which the exports of a nation outweigh its imports. In Q1 2022, Nigeria’s total trade was N13 trillion. This was higher than the value recorded…
"I have a great idea for a new business or product". It's a statement that I hear almost every day and for the majority of business owners, it isn't necessarily a good thing. Let me explain. I coach business owners who have been in business for several years. They have a product or service that has proven itself and has shown the capacity for tremendous growth. So when someone comes to me, with an already successful business, excited about a new product line or service, I can't help but approach the conversation a little guarded. Entrepreneurs are particularly susceptible to…
Nigeria will be able to send more liquefied natural gas (LNG) to Europe by next winter, Oil Minister Timipre Sylva said on Wednesday at the Gastech conference in Milan. As Europe seeks alternatives to dwindling supplies of Russian gas, the minister said that security issues are delaying deliveries of more gas at the moment but Nigeria will build a pipeline of Nigerian gas through Algeria to Europe. Nigeria will soon take the final decision over the investment to build the infrastructure, the minister said, adding that the project is likely to cost more than $10 billion. The Nigerian and Algerian…
“The greatest lesson I’ve learnt about time is that it only goes forward. No matter how much money you have, you can’t go back and relive the moment. All you have is the present.” When asked about the greatest lesson he’s ever learned, Luthuli says: “My mother was murdered in 2013, and that horrific incident has taught me a lesson I’ll never forget. Don’t hesitate to act because we never know the value of a moment until it becomes a memory. “There are so many things left unsaid, and I’ll never get the chance again. Now I live my life…
Insecurity and lingering foreign exchange crisis have forced the capital importation into Nigeria to decline further by 23 percent. Capital Importation measures the aggregate of foreign investments into an economic entity within a given period. It is divided into portfolio investments, other investments and Foreign Direct Investments. According to data collated from separate reports by the National Bureau of Statistics, capital inflows into Nigeria in the first and second quarters of 2022 was $3.1bn, while $3.9bn came into the country by way of Capital Importation in the third and fourth quarters of 2021. This represents an $810.5m decline in foreign…
Wednesday, 07 September 2022 06:42

3 things you need to do to keep customers

Customer retention comes down to managing these key points A ton of research has been conducted over the years on how businesses can best develop relationships with their customers. Most companies aim to keep as many of their customers happy for as long as possible while minimizing churn or customer turnover. Some companies may even have lofty goals like winning customers for life. But what levers can you pull to help increase your customer retention rate? In short, there are three key elements to focus on: 1. Setting expectations and beating them. 2. Ensuring your product/service is competitive. 3. Building…
Oil prices rose about 3% on Monday, as OPEC+ members agreed to a small production cut of 100,000 barrels per day to bolster prices. Brent crude futures for November delivery settled $2.72 higher at $95.74 a barrel, a 2.92% gain. Prices had climbed nearly $4 earlier in the session, but were tamed by comments from the White House that U.S. President Joe Biden was committed to taking all steps necessary to shore up energy supplies and lower prices. U.S. crude rose $2 to $88.85 per barrel, a 2.3% rise after a 0.3% gain in the previous session, in thin volumes…
January 06, 2025

Marketers request N100bn loan to prevent mass closure of fuel outlets

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has called on the Federal…
January 05, 2025

Northern elders call for suspension of Tinubu’s ‘draconian’ Tax Reform Bills

The Northern Elders Forum (NEF) has urged the Federal Government to suspend the implementation of…
January 07, 2025

5 tips for success in 2025

I’ve had my fair share of failed New Year’s resolutions. In the past, I’ve had…
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 07, 2025

ISWAP ambush in Borno claims 5 soldiers, military responds with airstrikes

Five Nigerian soldiers have reportedly been killed in an ambush by members of the Islamic…
January 07, 2025

Here’s the latest as Israel-Hamas war enters Day 459

Three Israelis killed in northern West Bank shooting Three Israelis were killed and several injured…
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…
December 17, 2024

Ademola Lookman named 2024 CAF Men’s Player of the year. These players won in other…

Ademola Lookman, the Super Eagles winger, was crowned the 2024 CAF Men’s Player of the…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.