Business News

Despite the marching orders given by Minister of Transportation, Rotimi Amaechi, when he visited Apapa last week that the port access roads be cleared immediately, the situation has worsened. According to our investigation, no fewer than 500,000 containers laden with raw materials belonging to manufacturing companies and traders are currently trapped at the Tin Can Island Port, Lagos. A top management staff of an international beverage company, who craved anonymity, said yesterday that his company had run out of substrate used in manufacturing one of its soft drinks. “We exhausted our stock and the container loads we imported arrived more…
Justin Bariso Facebook is starting to look desperate. Over the past weeks, the world's largest social network has taken out several full-page ads in The Wall Street Journal, New York Times, and the Washington Post. The ads attacked Apple's new privacy changes, which Facebook claims will severely hurt small businesses, and "will change the internet as we know it--for the worse." Facebook's recent desperation isn't surprising. It's the culmination of a series of events that began years ago, and that we've been building towards for a long time. How Facebook moved fast and broke things "Move fast and break things.…
In the pandemic, many of us have noticed that we use this excuse to not do what we really do not want to do. For many, the pandemic has shown us that the phrase "I don't have time" is really just an excuse. How many times have we stopped going with friends, learning a new skill, exercising, or even starting our own business because we say we don't have time? Surely, you, like me, several. These months of confinement have changed the routines for most of us. Although there have been cases of people who have had to even double…
ExxonMobil issued a force majeure on Nigeria’s Qua Iboe crude oil export terminal last week, a spokesman said on Tuesday, after a fire hit the facility and injured two workers. The spokesman did not say how much production would be lost, or when the terminal would come back online. At the time of the incident, ExxonMobil said it did not anticipate any impact to operations at Qua Iboe, which is among the largest oil export streams in Nigeria, Africa’s largest crude exporter. A source told Reuters production is expected to resume in early January. Reuters
Nigerian equity market on Monday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation rose further by1.73 per cent. However, market breadth closed flat with 23 gainers against 23 decliners. Consequently, All-Share Index grew by 638.65 basis points or 1.73 per cent from 36,804.75 index points last Friday to 37,443.40. Market capitalisation of equities appreciated by N334bn to close at N19.57tn from N19.24tn. On the activity chart, the insurance sub-sector dominated in volume terms as 153.47 million shares exchanged in 766 deals. The sub-sector was enhanced by activities in the shares of AIICO Insurance Plc…
We closed one of our funding rounds about the same time we landed our largest government R&D contract. At that moment, our plans were clear, our bank account was flush, and the horizon was bright. But I only got one day of basking. The next day I was back in the sprint, aligning our plans and expectations with reality. Within a year, our company was pivoting as the complexity of new technology ran into market acceptance and price tolerance. I needed real-time feedback from my team on what was working, and more importantly, what wasn't. Leadership isn't hard when things…
Warren Buffett advises young people to read extensively, work on their communication skills, and strive for a job they will be excited to do each day. The investor and Berkshire Hathaway CEO offered the guidance as part of a virtual commencement address on Saturday to students graduating from the University of Nebraska-Lincoln - his alma mater. Here are the 11 best quotes. Warren Buffett's advice to young people: Read widely, find a job you're passionate about, and earn the love and admiration of those around you. The billionaire investor and Berkshire Hathaway CEO shared those tips during a recent conversation…
June 13, 2025

Oil soars more than 9% after Israel strikes Iran

Oil prices surged more than 9% on Friday, hitting their highest in almost five months…
June 14, 2025

Tinubu's pardon of 'Ogoni Nine' rejected by Ogoni people

Ogoni activists on Friday rejected a posthumous pardon for nine members executed three decades ago…
June 12, 2025

Self-made millionaire shares the hardest money conversation he had with his wife: ‘I’m sweating thinking about it’

Self-made millionaire, author and TV host Ramit Sethi knows a thing or two about money.…
June 14, 2025

Traditional healer treats the sick with snake bites

Rosalio Culit, also known as Datu Kamandag among his fellow Manobo tribe members in Surigao…
June 15, 2025

Over 100 feared dead as gunmen attack Benue communities in night of horror

At least 100 people have been killed in a brutal overnight attack on Yelewata, a…
June 15, 2025

Israel and Iran strike at each other in new wave of attacks

Israel and Iran launched fresh attacks on each other overnight into Sunday, stoking fears of…
June 13, 2025

Your favorite alcoholic beverage linked to deadly form of cancer, study finds

Nicole Saphier joins 'America's Newsroom' to discuss the surgeon general pushing for cancer warning labels…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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