Business News

I’ve been meaning to sell some company stock and diversify into another investment for awhile now. Here’s the thing, though: it’s hard. Not the actual sale – that’s as easy as clicking a few buttons. But first I need to look up a bunch of stuff related to taxes. There are other details, too, that I’m going to have to call someone and ask about. Because that sounds miserable, I haven’t done it. Behavioral finance experts have a name for this cognitive bias: complexity aversion. In my particular case, it’s not a huge deal. But if it’s keeping you from,…
The Nigerian stock market experienced its first decline of the year yesterday, with market capitalization dropping by N152 billion to close at N63.051 trillion. The all-share index (ASI) fell by 249.42 points (0.24%) to close at 103,398.82 points, primarily due to sell-offs in Northern Nigeria Flour Mills (NNFM) and 50 other stocks. Market Performance: The market showed negative investor sentiment, with 51 stocks declining compared to 19 advancing. Trading volume increased by 30% to 1.112 billion units, valued at N14.638 billion across 16,617 deals. Top Gainers: - Abbey Mortgage Bank and PZ Cussons Nigeria: Both up 10% (closing at N3.63…
Morgan Smith Starface World president Kara Brothers has interviewed dozens of prospective employees since she joined the cult-favorite skincare brandin 2021. In those conversations, the 39-year-old executive is assessing candidates for an important soft skill: emotional intelligence. Research dating back decades has found that emotional intelligence — the ability to manage your own feelings and the feelings of those around you — is the strongest predictor of success in the workplace. Yet, measuring it can be tricky. Unlike technical skills or experience, emotional intelligence is built on intangible qualities like empathy and self-awareness, which don’t always fit neatly onto a…
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has called on the Federal Government to provide a N100 billion grant to prevent the closure of approximately 10,000 fuel retail outlets nationwide. In a position paper jointly signed by PETROAN President Billy Harry, National Secretary Adedibu Aderibigbe, and National PRO Joseph Obele, the association highlighted the financial strain on its members following the removal of the fuel subsidy. According to the group, high interest rates of 38–40% on bank loans have made it nearly impossible for members to purchase petroleum products, threatening their businesses and the stability of fuel…
Ryan Ermey It’s officially the time of year when you get around to that thing you’ve been putting off. And for millions of Americans, that means coming to grips with their finances. If you’ve been avoiding funding your 401(k) or opening a brokerage account, you’re not alone. Nearly half of U.S. adults — 48% — report owning no investable assets, according to a 2024 survey from Janus Henderson. And for many, the reasoning behind the procrastination is simple: Investing is (seemingly) too complex. It’s a pattern of thinking that, if not overcome, could cripple many young people financially, says Amos…
The Nigerian stock market achieved a robust 37.65% return in 2024, marking another year of significant growth for the Nigerian Exchange (NGX). This performance capped a remarkable period of expansion, with the market capitalization climbing from N40.9 trillion to an all-time high of N62.8 trillion. However, when viewed through the lens of the depreciating Naira, the picture becomes more nuanced, revealing a sobering story of economic hardship for Nigerian investors. The NGX All-Share Index (ASI) rose to 102,926 points at year-end, up from 40,000 points at the start of 2023, a notable achievement in Naira terms. Several key factors contributed…
Melissa Houston Many want to be rich, but few are willing to follow the money rules that will make you rich. Building and maintaining wealth doesn’t happen by chance; it requires a clear strategy, discipline, and consistent action. While the journey may not always be easy, those who commit to these principles position themselves not just to achieve wealth but to sustain it over the long term. The path to financial success often feels daunting but building wealth doesn’t require winning the lottery or stumbling upon a golden opportunity. Instead, it’s about consistent, disciplined actions over time. By following some…
Gill Malinsky After nearly 18 years at Google, Jenny Wood now dedicates her time to helping people grow their careers. She does this through her weekly newsletter, Big Small Things, and she hopes to do this with her forthcoming book, “Wild Courage,” due out in March 2025. “I made so many mistakes as I rose from entry-level to exec,” she says, adding that “these mistakes included the actions I didn’t take (which led to the most regret) and the actions I did take (some of which were cringe-worthy).” When it comes to setting yourself up for success in 2025, Wood…
Marcel Schwantes Ever felt like you’re invisible at work—like no one sees you, hears you, or values what you bring to the table? Psychologists actually have a term for this: anti-mattering. It’s that sinking feeling of being insignificant, and when people experience it, they tend to check out, lose motivation, or walk away entirely. We often think top talent quits because of money or new opportunities elsewhere. For many, sure. But for high performers, there’s another, quieter reason: They don’t feel like they matter. The solution is to reverse course. In six words: Make people feel like they matter. Unlike…
Starlink, Elon Musk's satellite internet service provider, has announced plans to raise its subscription prices in Nigeria effective January 27. This marks the company's second attempted price adjustment in recent months. In an email to customers, Starlink explained the increases are necessary to "continue enhancing the Starlink network and provide reliable, high-quality service across Nigeria." Under the new pricing structure, the basic subscription tier will rise from ₦38,000 to ₦75,000 monthly. The company's premium services will see even steeper increases, with mobile-regional roaming priced at ₦167,000 and mobile-global roaming at ₦717,000. This announcement follows a similar price hike attempt in…
May 08, 2025

‘Don’t worry’ about your salary early in your career, says Warren Buffett: Focus on this…

I worked at a financial magazine for much of my 20s, and for the most…
May 08, 2025

Pat Utomi forms ‘shadow government’. These are the members and what they’ll do

Economist and political activist, Pat Utomi has assumed a formal opposition role with the formation…
May 04, 2025

Humility is a superpower. Here’s how to practice it daily - Majorie Radlo-Zandi

I was strolling up the hill in Greater Boston to a French cooking class. The…
May 03, 2025

Man accidentally buys his own car after it was stolen a few weeks earlier

An English man unknowingly bought back his own Honda Civic just weeks after it was…
May 07, 2025

Gunmen invade Plateau communities, kill six, injure several

No fewer than six persons were killed in renewed attacks in Marit and Gashish communities…
May 08, 2025

What to know after Day 1169 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russia’s 72-hour ‘Victory Day’ truce begins A 72-hour ceasefire proposed by Russian President…
May 07, 2025

The first driverless ‘trailers’ have started running regular longhaul routes

Driverless trucks are officially running their first regular long-haul routes, making roundtrips between Dallas and…
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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