Business News

“The difference between a successful person and others is not lack of strength, not lack of knowledge, but rather a lack of will.” ― Vince Lombardi LinkedIn's research reveals that entrepreneurs consistently report the highest levels of job satisfaction among professionals. This study is logically understandable given that entrepreneurs typically venture into businesses aligned with their passions. While the concept of ditching the corporate ladder and becoming your own boss is undeniably alluring, it's crucial to acknowledge the substantial risks involved. Income is far from guaranteed, traditional employer-sponsored benefits become a thing of the past, and in cases of business…
Can success really be determined from a coffee shop order? Mary-Faith Martinez Can you tell how successful someone is just from watching how quickly they place an order? One CEO is convinced that she can. In a recent podcast interview, Codie Sanchez, CEO of Contrarian Thinking, shared a few controversial thoughts on people who hold up a line by taking a long time to order. “Show me how long it takes you to order at a counter, and I will show you your bank account,” she said. Sanchez used the example of waiting behind someone in a coffee shop line…
Foreign airlines have disclosed that about 90 per cent of their $783m trapped funds have not been paid. The airlines stated this during a stakeholders’ forum convened by the Minister of Aviation and Aerospace Development, Festus Keyamo, in Lagos recently. According to data from the International Air Transport Association, as of August 2023, Nigeria accounted for a substantial $783m of airlines’ blocked funds. Despite recent efforts to alleviate the situation, the airlines said a significant portion of those funds remained inaccessible to them. Chairman of International Airline Operators, Chima Kingsley, emphasised that while international banks had received some funds from…
Optimism and pessimism are hard to deal with. Pessimism is vital for survival, and it helps us prepare for risks before they arrive. But optimism is equally essential. The belief that things can — and will be — better even when the evidence is murky is one of the most essential parts of everything from a sound relationship to making a long-term investment. Optimism and pessimism seem like conflicting mindsets, so it’s more common for people to prefer one or the other. But in my book, “Same as Ever: A Guide to What Never Changes,” I write about why knowing…
We often don’t realize when we’re making poor financial decisions. Many middle class people spend mindlessly on stuff that looks impressive but only ends up draining their savings and keeping them from growing their wealth. “One of the most damaging habits is spending more than you earn,” said Christopher William, a CPA finance expert and founder of Balanced News Summary. “This is a common problem in the middle class, as people are often tempted to buy more than they can afford,” he explained. William notes that this often leads to high levels of debt, which makes it difficult to save…
Nigerian billionaire Aliko Dangote blamed fellow tycoon Abdul Samad Rabiu for attempting to instigate a probe into alleged money laundering at companies run by Africa’s richest man. Dangote, who runs Nigeria’s biggest cement maker and is about to start operating Africa’s largest oil refinery, in a seven-page advertisement published in local newspapers alleged that Rabiu was behind an attempt to get President Bola Tinubu’s government to embroil Dangote Industries Ltd.in a probe into the Central Bank of Nigeria. Dangote’s companies aren’t under any investigation. A spokesman for Dangote didn’t answer phone calls or respond to messages, while a spokesperson for…
Manufacturers have expressed concerns as the price of diesel has risen to N1,275 per litre in Lagos and above N1,300 outside the state. The product is selling for N1,270 per litre in Kano State and above that outside the metropolis. This implies a 26 percent increase in the price of the product in less than one week. It had sold for N1,030 on October 23. As of Thursday, many filling stations in Lagos adjusted their price to between N1,250 and N1,270. Manufacturers, who said they are still battling with forex crisis, high interest rate and poor power supply, fear that…
Local crude oil producers in Nigeria are demanding to be paid with United States dollars as the currency of their operations by local refiners in Nigeria. The producers made the demand at a meeting with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), convened to activate local domestic crude supply obligation. Section 109 of the Petroleum Industry Act (PIA) introduces the obligation by the oil industry in Nigeria and stipulates that the supply of crude oil to the domestic market shall be on a willing supplier and willing buyer basis. The volume of crude oil that oil-producing companies shall dedicate to…
Thursday, 02 November 2023 04:52

Nigerian stock index jumps to new record high

Nigerian stocks rose the most in nearly four months and hit a record high on Wednesday, driven by strong earnings releases from banks and some manufacturers including Dangote Cement. The All Share Index rose 1.9% at 2.30 p.m in Lagos, the most since July 10, to 70,581.76, the highest on record, according to data compiled by Bloomberg. The Nigerian index outperformed the MSCI Emerging Markets Europe, Middle East and Africa Index, which advanced 0.6%. Earnings from banks have been solid, alongside reports from manufacturers including Dangote Cement, Tunde Abidoye, a securities analyst at investment bank FBNQuest in Lagos, said by…
Legendary billionaire investor Warren Buffett is widely recognized as one of the greatest financial minds of this era. Over the course of several decades, he amassed a significant fortune through shrewd investment strategies and timeless wisdom. During the 2015 Berkshire Hathaway Inc. annual meeting, Buffett shared his perspective on the curious dynamics of discussing the company's investments. He offered insights into why he refrains from "talking up" Berkshire's investments, shedding light on the intricacies of investment strategies that may not always align with Wall Street's expectations. Buffett's remarks from the meeting were candid and reflected his no-nonsense approach to investing.…
May 20, 2024

Nigerian manufacturers still in business lament as goods pile up in warehouses due to poor…

Manufacturers of fast-moving consumer goods, FMCG are in dire agony over the continued rise in…
May 19, 2024

‘Nothing to it’: FG, Presidency dismiss Atiku, Obi’s proposed alliance against Tinubu in 2027 runs

The Federal Government has dismissed the proposed alliance between former Vice President Atiku Abubakar and…
May 14, 2024

These 3 phrases make you sound smarter and more emotionally intelligent, experts say

Sounding smart and emotionally intelligent isn't just about the idea you're trying to convey. How…
May 18, 2024

People are revealing the wild rumours that went around about ‘that one teacher’ in their…

Almost everyone can recall "that one teacher" from their school days who was involved in…
May 15, 2024

Bandits attack 50 communities in Zamfara, kill 49

Bello Hassan, a member of the House of Representatives representing Zurmi/Shinkafi Federal Constituency, reported on…
May 20, 2024

Here’s the latest as Israel-Hamas war enters Day 227

Airstrike kills 27 in central Gaza and fighting rages as Israel's leaders are increasingly divided…
May 19, 2024

Scientists develop device that can detect when someone is sarcastic

Experts have developed a device that can detect when someone is sarcastic It works by…
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…

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