Business News

Financial stability often seems elusive for many in the lower middle class. Despite working hard and having steady incomes, numerous individuals are caught in a cycle of economic struggle. This article explores ten everyday habits frequently hindering financial progress and offers practical advice on overcoming them. 1. Living Beyond Your Means One of the most detrimental habits is spending more than you earn. This often manifests through excessive credit card use and taking out personal loans for non-essential purchases. When you consistently outspend your income, you deplete your current resources and mortgage your future financial stability. For instance, using a…
Founded in the year 578, Japan’s Kongo Gumi construction company is recognized as the oldest continuously operating company in the world. Thousands of companies are founded and liquidated daily around the globe, many of which only operate for a few years, maybe even months. The world’s most valuable companies have only been around for a few decades and with technology changing the business landscape at breakneck speeds, who knows how long they’ll be around. Today, there are only a few thousand companies older than 200 years, and even those seem relatively new compared to the world’s oldest continually operating company,…
Dangote Oil Refinery has begun processing petrol after delays caused by recent crude shortages, an executive said on Monday. The $20 billion refinery on the outskirts of Lagos, built by Nigerian billionaire Aliko Dangote, began operations in January with output of products including naphtha and jet fuel. With a capacity of 650,000 barrels per day, Africa's largest refinery promises to ease oil producer Nigeria's costly reliance on imported oil products. "We are testing the product (gasoline) and subsequently it will start flowing into the product tanks," said Devakumar Edwin, a vice president at Dangote Industries Limited. He did not say…
Tuesday, 03 September 2024 04:50

4 retail marketing strategies for small shops

Key Takeaways Marketing your small retail business involves a creative, multichannel approach. You can maximize both in-store and online opportunities by using the simple yet effective marketing strategies listed in this article. As a small retail shop owner, you have big ambitions but, perhaps, a tight budget. You want to attract more customers but not blow all your means on expensive ads or social media marketing. What are some strategies to implement now and attract more customers? From the in-store experience to upping your digital "curb appeal," here are some simple yet effective ways to market your retail store. 1.…
Technically, Sophie Riegel didn’t spend a penny starting her side hustle. She began with items she already had, searching through her closet for old clothing to sell online. After making $200 off her own used clothes, she turned to some of her favorite places to shop: thrift stores. “I’ve been a thrifter my entire life, because I don’t like spending money,” says Riegel, 23. “I’d much rather spend $5 than $100 on a pair of pants.” Since April 2020, she’s turned that habit into a lucrative side hustle. Riegel brought in nearly $123,800 in revenue last year reselling items she…
The Securities and Exchange Commission (SEC) says it has granted two digital assets exchanges “approval-in-principle” to commence operation under the accelerated regulatory incubation programme (ARIP). SEC, in a statement on Thursday, said the companies approved are Busha Digital Limited, Quidax Technologies Limited. The approval comes a week after the commission disclosed plans to license providers of virtual assets — including cryptocurrencies — to support youths and protect investors as adoption rates surge in Nigeria. The SEC said the ARIP involves different cohorts, which comprise two digital asset exchanges, four digital asset offering platforms and one digital asset custodian. “Busha operates…
Which of the following resonates more with you: Would you say that you live to work? Or, that you work to live? Here's another question: What does "good" work look like to you? Is it structured and organized, like following a recipe when cooking a meal? Or do you prefer to trust your gut and go with your instinct? The way you answer these questions reflects much about your personality. Conscientiousness is one of the "big five" traits in the five-factor model of personality, a widely accepted personality theory. What is conscientiousness? Why is knowing how conscientious you are important?…
Ashton Jackson Constantly putting others before yourself can be noble, but the people-pleasing trait may come with some toxic pitfalls. If you ever catch yourself feeling emotionally drained — like you're never able to say "no," or you'll lose your status as an exceptional employee, for example — you might be in trouble, according to Hailey Magee, author of the self-help book, "Stop People Pleasing and Find Your Power," published in May. "I define people-pleasing as the act of putting others' needs, feelings, wants and dreams first at the expense of your own needs, feelings, wants and dreams," Magee recently…
The Central Bank of Nigeria (CBN) has increased the rates for the Standing Deposit Facility (SDF) as part of its ongoing efforts to manage liquidity in the financial system. This decision was detailed in a circular issued on August 26, 2024, following the 296th Monetary Policy Committee (MPC) meeting, where key adjustments to interest rate policies were approved. The CBN revised the Asymmetric Corridor around the Monetary Policy Rate (MPR) from +100/-300 basis points (bps) to +500/-100 bps. This significant shift aims to discourage banks from holding excess liquidity at the central bank and to promote increased lending activities. New…
Emery Wells put himself on the path to a dream career by recklessly buying a $17,500 camera that he definitely couldn’t afford. Wells, 42, is the CEO of Frame.io, a video collaboration software business he co-founded in 2014 and sold to Adobe for $1.275 billion in 2021. Nearly two decades ago, he was a 25-year-old freelance video editor who’d recently quit bartending in New York to pursue a full-time film career. At an industry trade show in 2006, he watched a startup called Red Digital Cinema announce its intention to build a digital camera high-quality enough for big-budget Hollywood productions.…
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October 31, 2024

Fuel marketers to Dangote: If traders aren’t buying your products, check your pricing, loading time

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says its members were unable to load…
October 31, 2024

Rivers’ funds: ‘Elements loyal to Tinubu govt pulling strings from behind the scenes - Atiku

As reactions continue to trill the judgement of a Federal High Court in Abuja on…
October 31, 2024

The No. 1 misconception about failing

Aditi Shrikant There are few massive success stories that didn’t start out with some sort…
October 12, 2024

Woman becomes Police officer to catch father’s killer, arrests him 25 years after

A Brazilian woman who dedicated her life to catching her father‘s killer managed to finally…
October 27, 2024

That simple 'hi' text from a stranger could be the start of a scam that…

“Pig butchering" operations run out of Asia but target victims globally, with scammers promising love…
October 31, 2024

Here’s the latest as Israel-Hamas war enters Day 391

Lebanon, Israel could agree to ceasefire within days, Lebanese prime minister says Lebanon's prime minister…
October 16, 2024

The AI revolution: How Predictive, Prescriptive, and Generative AI are reshaping the world

Bernard Marr In the ever-evolving landscape of artificial intelligence, three powerful forces are reshaping our…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

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