Business News

Friday, 15 October 2021 05:23

8 simple ways to make social media work for your business

Using social media to promote your business doesn't have to be hard if you just follow these 8 easy steps. In social media, you must not only engage but also engage consistently. The key to building meaningful relationships is to join the conversation. By reaching out to people in your community and responding to their comments, you can set the agenda. Pick one platform to start with, whether it’s Facebook, Twitter, LinkedIn, Instagram or another from the growing list of choices. Learn a little about the channels before you decide. They do have different characteristics and are therefore somewhat different…

Thursday, 14 October 2021 05:42

CBN reviews BVN guidelines, set to sanction violators

Central Bank of Nigeria (CBN) has revised its regulatory framework for Bank Verification Number (BVN) operations noting that violators of BVN rules will be sanctioned. In a circular issued by Director of Payments System Management Department, Musa Jimoh, to all Deposit Money Banks, Mobile Money Operators, Super Agents and Payment Service Providers, the apex bank listed those on the watch-list for violators to include CBN, Nigeria Inter-Bank Settlement System (NIBSS), banks, other financial institutions and bank customers. According to an excerpt of the circular stated that the infractions by participants shall attract appropriate penalties. Such infractions include misuse of the…

Thursday, 14 October 2021 05:37

5 tasks that should be part of your job description as CEO

Make sure you're responsible for these five activities, and you'll watch your business grow. I often ask entrepreneur CEOs the following question: What’s your responsibilityas the person in charge of your business? This is often met with a blank stare. Other times I get a vague response, something like, “Well, I do a lot of things. I guess my job is to keep the company or project moving forward.” These aren’t useful answers. It’s no wonder many CEOs just ricochet between crises without any real thought about how to proactively drive the company forward. Before you assemble your team, you…

Wednesday, 13 October 2021 05:40

CBN insists cryptocurrency trading is banned in Nigeria. But reports say the trade ‘has continued to absolutely skyrocket’

Nigerian art dealer Ebuka Joseph started using cryptocurrencies last year when business ground to a halt due to Covid-19. Now he is hooked even though the financial authorities disapprove. "Crypto just allows me to transact freely and within minutes we are done with our transactions," the 28-year-old told Reuters from a friend's studio in Lagos where he displays his works. Central Bank of Nigeria barred local banks from working with cryptocurrencies in February, warning of "severe regulatory sanctions" and freezing accounts of firms it says are using them. But Joseph's appetite for crypto, like many in Nigeria, has only increased.…

Wednesday, 13 October 2021 05:33

Why some experts say budgeting doesn't help you build wealth. Have you fallen into the budgeting trap?

What's the common answer to "How do I manage my money?" Budgeting. But why? Whoever said, "I budgeted my way to $1 million?" Let's explore the downsides to budgeting and... Eighty percent of Americans (in a survey of more than 1,000 individuals) say that they have a budget, according to Debt.com. According to the site, it's the highest number of respondents who have claimed a budget compared to the past four years. But let's be honest. Have you ever actually met people who have budgeted their way to millions? Probably not. It's more likely that they invested rigorously, bought investment…

Tuesday, 12 October 2021 05:40

Creating a tribe that will help your business succeed

How to determine if you've surrounded yourself with the right people-and what to do if you find out you haven't You can have the right idea and the right plan. You can work harder than your competition. But if you don’t have the right people around you, you won’t succeed. The people around you should inspire you, challenge you, motivate you, and be there for you when you really need them. You’ll know when you find these people, because you’ll want to run ideas by them, brainstorm with them, and look forward to spending time with them. If, however, the…

Sunday, 10 October 2021 15:02

How technology has changed business communication

Technology has forever changed the business communication landscape. Technology has completely changed how we communicate, from our daily personal lives to the workplace. We can communicate faster, more efficiently and more conveniently. There are new devices, tools and software coming out that continue to advance communication technology, and the existing popular technologies are constantly being updated and improved. Businesses communication must utilize this new technology to be successful. Years ago, communication advanced with the introduction of desktop computers and email. Now we have mobile devices with far greater computing power to handle email, while also participating in video conference calls…

Saturday, 09 October 2021 05:35

Investors’ positive sentiments move stocks on NSE to 8-month high

Nigerian stocks expanded by 0.1 per cent on Friday, touching their peak since February 11 as investors’ risk-on disposition to equity investment helped strengthen gains. The bourse has reported gains in seven consecutive trade sessions, which have also been marked by notable improvement in trade volume. Like in all other sessions this week, Friday’s advance rode on the back of appreciation recorded by a number of bank stocks including ETI, GTCO and Zenith. Market breadth, which measures the depth of investors’ sentiment towards trade, was positive as 23 advancers emerged relative to 17 laggards. The all-share index was up 39.21…

Friday, 08 October 2021 05:37

Used vehicle tyres become a new type of gold

In Nigeria, a country heavily reliant on revenues from its oil exports, entrepreneur Ifedolapo Runsewe has identified another type of black gold: used car tyres. She has set up Freetown Waste Management Recycle, an industrial plant dedicated to transforming old tyres into paving bricks, floor tiles and other goods that are in high demand in Africa's most populous nation. "Creating something new from something that will otherwise be lying somewhere as waste was part of the motivation," Runsewe told Reuters at her factory in the city of Ibadan in southwest Nigeria. "We are able to create an entire value chain…

Thursday, 07 October 2021 05:47

Google to invest $1bn in Africa to support internet accessibility, others

Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent’s digital transformation, it said on Wednesday. The unit of U.S. tech company Alphabet Inc made the announcement at a virtual event where it launched an Africa Investment Fund, through which it will invest $50 million in startups, providing them with access to its employees, network and technologies. Nitin Gajria, managing director for Google in Africa told Reuters in a virtual interview that the company would among others, target startups focusing on…

More...

Thursday, 07 October 2021 05:44

5 ways to instill gratitude in your workplace

Being thankful might be missing in your employee and customer satisfaction strategies. In recent years, and especially since the pandemic, some employers are spending more time focusing on a holistic approach to employee and customer satisfaction. A key ingredient in that mix is gratitude. For many business owners, concepts like gratitude can err toward the mystical. They are, however, methods that can produce real results and benefits for a business. What's more, gratitude benefits your business both internally and externally. Studies have shown that gratitude is lacking in the workplace, and highly valued when present. One study in 2020 from…

Wednesday, 06 October 2021 06:01

Stocks gain N247bn, moving NSE to first positive year-to-date return in the more than a 6-month period

Nigerian stocks were up by 1.18 per cent or N246.8 billion on Tuesday as an increasing interest in equities, particularly in bank shares helped to extend the bull run to the fourth straight day. That also marked the first time the Nigerian bourse would swing to a positive year-to-date return in the more than a six-month period since February 17. The milestone rested on the strong performances of individual stocks such as FBN Holdings, Airtel Africa, Access, GTCO UBA and Zenith. Trade volume improved by 114 per cent when compared with the quantity of shares that exchanged hands at the…

Wednesday, 06 October 2021 05:50

10 years after Steve Jobs’ death, this is still the most important lesson he taught us

Jobs died October 5, 2011. Looking back 10 years later, he reminds us to keep moving forward. Apple's founder, and former CEO, Steve Jobs died of pancreatic cancer on October 5, 2011. During his life, and especially during his time leading Apple, he became iconic for his attention to detail, his sense of product design, and hisability to communicate and connect with an audience. His 2007 keynote introducing the iPhone is still maybe the most effective product launch ever. His "one more thing," phrase became synonymous with Apple's presentation style. Young leaders can learn a lot watching Jobs speak to…

Tuesday, 05 October 2021 05:48

Airtel Africa offers to buy out Nigerian equity holders

Airtel Africa has announced that its subsidiary, Airtel Networks Ltd, (Airtel Nigeria) has initiated a process to buy back 8.27 per cent minority shareholdings at N55.81 per share. Group Company Secretary, Simon O’Hara, disclosed this in a statement on Monday. The statement noted that the total consideration was estimated to be N61.24 billion (using an exchange rate of N413.38) assuming all minority shareholders decide to tender their shares. It said: “This represents an open offer to all shareholders. “A further announcement will be made in due course.” Airtel Africa is a leading provider of telecommunications and mobile money services, with…

Page 112 of 144

Business News

More...

Search

Most Read

Editorial

News

Business

Politics

Opinion

Features

Strangely

Crime

Wars

SCIENCE & TECH

SPECIAL REPORTS

Sports

VIDEOS