Business News

If someone tells you, “Come up with a great idea,” your mind might go blank. It can be an overwhelming request.But it doesn’t have to be. There’s a simple framework used by designers that can apply to any problem requiring a creative solution, says Allison Butler, a psychology professor and director of the Innovation and Design Experience for All program at Bryant University. Whether you want to impress your boss, invent a new product or start a successful business, Butler recommends a five-step method called “design thinking.” Executives at companies like Apple and Google have used this process, she says,…
Tessa Barton and Cole Herrmann lived in a 250-square-foot New York studio apartment, with a showerhead that spit brown water and a radiator capable of giving second-degree burns. You’d never have known it from Barton’s Instagram account. At the time, in 2017, she was a freelance photographer — gaining followers by posting images of their living space that made their home life look aspirational. She and Herrmann, a software engineer, realized they could bottle up her aesthetic into pre-made photo filters and sell them. Her followers could make their lives look Instagram-worthy — no fancy cameras or editing programs required.…
Unilever Nigeria says it has stopped production and sales of home care and skin cleansing products — 10 months after the company announced plans to exit both markets. The company disclosed this in its unaudited interim financial statements for the year ended December 31, 2023, published on the Nigerian Exchange Limited (NGX) on Wednesday. On March 17, 2023, Unilever Nigeria revealed its intention to discontinue production of its homecare and skin-cleansing brands, which include Omo, Sunlight and Lux. In a statement in the company’s earnings report, Unilever Nigeria said production and sales “ceased in December 2023”. Unilever said the factory…
Hannah Williams isn't afraid to ask strangers how much money they make. In 2022, she quit her six-figure job to make a business out of it, Salary Transparent Street, which brought in $1 million last year. Since launching her TikTok channel, Williams, 27, estimates she's interviewed upwards of 1,000 people, from teachers to nurses to entrepreneurs and more, about their earning power and money habits. She's learned a few important salary negotiation strategies, including one popular tactic that may be on the riskier side: Leveraging an offer with a new company in order to get a raise with your current…
Business leaders in Davos this week discussed a new Fast Company survey in which some participants said they reacted negatively to the word capitalism. People under the age of 40 are more negative about capitalism than their older counterparts, according to a recent survey from Fast Company. But these younger generations aren’t defined simply by a story of “just complete anti-capitalism,” argues Megan Holston-Alexander, a partner at Andreessen Horowitz. Rather, they’ll be more excited about the future if they feel like they’re included and have ownership in the companies they help to build and grow. “We think participation in a…
Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion. The British energy giant pioneered Nigeria's oil and gas business beginning in the 1930s. It has struggled for years with hundreds of onshore oil spills as a result of theft, sabotage and operational issues that led to costly repairs and high-profile lawsuits. Since 2021, Shell has sought to sell its Nigerian oil and gas business, but will remain active in Nigeria's more lucrative and…
In 2000, Penny Bowers-Schebal was a 31-year-old “cash-strapped” single mother struggling to cover basic household bills. She wanted to “build financial security” beyond the 401(k) program at her employer, Progressive Insurance, she tells CNBC Make It. So, at the advice of Suze Orman, she started putting $25 per month into a Dividend Reinvestment Plan (DRIP). Under that plan, you invest in a single company — Bowers-Schebal picked Home Depot because Progressive didn’t offer DRIP accounts at the time — and all earnings are automatically used to buy more of that same company’s shares. It seemed like a small, realistic option…
Foreign airlines in Nigeria, under the aegis of the Association of Foreign Airlines and Representatives in Nigeria (AFARN), have threatened to go on strike over unrepatriated funds in the country. The warning comes a week after Central Bank of Nigeria (CBN) announced the payment of $61.64 million to foreign airlines through various deposit money banks (DMBs). Speaking to our correspondent on Sunday, Kingsley Nwokoma, AFARN president, expressed disappointment at the amount paid by the government. Instead, he suggested a quarterly payment of the airlines’ blocked funds in the country. He said the association hopes the government would look into and…
The secret to productivity doesn’t lie in overhauling your schedule or becoming an expert multi-tasker. Instead, to get more work done in fewer hours — without burning out — try timeboxing. Setting clear guidelines for how you spend your time and energy is the easiest and most effective way to boost productivity, according to new research from Salesforce subsidiary Slack and research firm Qualtrics. Regardless of job tier, the survey of more than 10,000 desk workers and executives found an ideal balance of focus time, collaboration time, social connection and downtime to be productive while maintaining a healthy work-life balance.…
Build My Burgers founder Aly Lalani always knew that a typical desk job wasn't for him. He wanted something more challenging and unpredictable. The 38-year-old has worked in the restaurant industry for the last 16 years, spending most of that time employed by other people — until 2021, when he opened Build My Burgers in Orlando, Florida. The burger joint uses an open design concept to entice customers — roughly 400 per day, Lalani says — who watch their meals being made up close, a more personal experience than a typical fast food chain. That first year, Build My Burgers…
May 10, 2024

SEC introduces new regulations on private companies’ securities issuance, allotment

The Securities and Exchange Commission (SEC) has unveiled fresh regulations governing the issuance and allotment…
May 09, 2024

Criticism mounts over Lagos-Calabar coastal highway amid Umahi-Atiku clash

The Labour Party (LP), the Peoples Democratic Party (PDP) caucus in the House of Representatives,…
May 05, 2024

Here’s when people think old age begins — and why experts think it’s starting later

New research suggests that 74 is the new 71. Our perception of when “old age”…
April 13, 2024

A new camera can undress people almost in real time—to send a message about AI

Nuca, a new deepfake camera, is an art project that shows how artificial intelligence can…
May 05, 2024

Gunmen abduct Archbishop, 5 other clerics in Anambra

Uka Uka Osim, a leader of the Brotherhood of the Cross and Star, along with…
May 10, 2024

Here’s the latest as Israel-Hamas war enters Day 217

Netanyahu on US threat to withhold arms: Israel will fight with its 'fingernails' if needed…
May 01, 2024

Wellspring Consulting proposes cybersecurity investment to boost Nigeria's economy

In a bid to rescue Nigeria from its economic challenges, Wellspring Consulting advocates for significant…
April 30, 2024

Finidi George is new Head Coach for Super Eagles

Former Nigerian winger Finidi George has been appointed as the head coach of the national…

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 - 2024 NewsScroll. All rights reserved.