Business News

Thursday, 14 March 2024 04:44

Use this ‘tried and true’ trick to stand out at work—especially if you’re an introvert

Speaking up in meetings can be intimidating, especially if you’re an introvert — but failing to make your voice heard at important moments could hurt your career. That’s at least according to Juliette Han, a Harvard-trained neuroscientist and adjunct professor at Columbia Business School. As Han, a self-identified introvert, explains, your deference during meetings or conversations at work “could accidentally cause you to become invisible” and get you overlooked for a promotion, pay raise and other opportunities. But you don’t need to be the loudest in the room to be valued and recognized for the work you do. There’s a…

Wednesday, 13 March 2024 04:43

The No. 1 mistake that can lead highly successful people to burnout

A medical student once confessed to me that if he’s not on the verge of a breakdown, he feels like he’s not working hard enough. A CEO told me that waiting to pick up her kids from school makes her feel panicky, like she’s wasting valuable time. A software engineer shared that they skip meals sometimes for fear of falling behind. As an instructor of psychology at Harvard Medical School and a therapist who treats anxiety and depression, I’ve encountered plenty of people who exhibit these and other signs of toxic productivity. What is toxic productivity? Productivity becomes toxic when…

Tuesday, 12 March 2024 04:24

42-year-old left corporate job and built a side hustle—now she works as little as 3 hours a week, brings in over $1.7M a year

At age 10, Jenny Woo got really good at reading nonverbal social cues. It was out of necessity: She emigrated from China to Houston, and didn’t speak English. She connected with her peers largely through what she now defines as emotional intelligence, or EQ — watching their body language and listening to the tones of their voices to learn what excited, inspired and angered them. In the decades that followed, Woo turned her EQ skills into a career at corporations like Deloitte and Cisco, training managers how to better communicate. She spent some time helping run her kids’ Montessori school…

Monday, 11 March 2024 04:36

5 things all good bosses have in common

Being the type of boss that people want to work for means you are less likely to have employees who quit, or who stay but aren’t engaged or productive. We write a lot about bad bosses. After all, a bad boss can ruin everything you might like about your job. But what about the good bosses? The people who support your career development, make you feel valued, are open to feedback, and who hold themselves accountable? Good bosses are out there; and chances are, if you’re reading this you might be a manager who (like me) hopes that the people…

Saturday, 09 March 2024 04:48

From trade surplus in Q3, Nigeria recorded N1.4trn trade deficit in Q4 2023 - NBS

National Bureau of Statistics (NBS) says Nigeria recorded N1.41 trillion trade deficit between October and December of 2023. On Friday, NBS made this known in its foreign trade report for the fourth quarter (Q4) of 2023. In the period under review, Nigeria’s exports totalled N12.69 trillion, and total imports N14.11 trillion — which gives a trade deficit of N1.41 trillion. A trade deficit is an economic indicator of a negative trade balance in which a nation’s imports outweigh its exports. “In the fourth quarter of 2023, Nigeria’s total trade was N26,801.95 billion. Exports were valued at N12,693.62 billion, while imports…

Friday, 08 March 2024 04:41

3 simple ways to become more influential at work

You don’t have to be a CEO, or even a manager, to be influential at the office. Getting your coworkers to listen to and support your ideas boils down to just three emotional intelligence techniques, says Stanford University lecturer and communication expert Matt Abrahams. They can help you show your peers and bosses that you have strong ideas, form meaningful connections across your workplace, improve your job-related skills and maybe even land you a promotion, he says. The advice is timely, Abrahams adds: Hybrid and remote work mean most entry- and mid-level Gen Z and millennial employees get less face…

Thursday, 07 March 2024 04:44

How to find balance as a CEO, according to executives who’ve found it

Some executives disconnect from the job, while others rethink their work. Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. Last month Modern CEO highlighted the topic of executive burnout, noting that 19 of the CEOs tracked in Challenger, Gray, and Christmas’s annual turnover report died on the…

Wednesday, 06 March 2024 04:36

Binance deactivates naira pairs on its platform

Cryptocurrency giant Binance has said it will discontinue all its naira services, days after two of its officials were detained in Nigeria. The world’s biggest cryptocurrency exchange has already told its Nigerian users to either withdraw their naira deposits, trade their assets denominated in the currency or convert their naira holdings into crypto before the discontinuation comes into effect on Friday. “From 2024-03-08 08:00 (UTC), any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT,” Binance said in a statement posted on its website on Tuesday. The federal government blocked access to the platform in February,…

Wednesday, 06 March 2024 04:31

Use this simple strategy to win your boss over, say two CEOs

Even if you’re not the boss’s favorite, getting into your manager’s good graces can improve your morale and productivity, and ultimately, boost your career. But it takes a lot more than being a hard worker who meets deadlines to be a standout employee. If you want a relationship that goes beyond “we get along fine,” you’ll need to connect with your boss on a personal level, say Gensler’s co-CEOs and global co-chairs Andy Cohen and Diane Hoskins, who help manage the design and architecture firm’s more than 7,000 employees across the world. Hoskins has noticed that younger employees — Gen…

Tuesday, 05 March 2024 04:32

Want to hire good employees? Look for 4 positive work traits

Hiring the wrong person is costly on every front: money, time, energy, and the well-being of your employees. Even if you hire the right people 90% of the time, one in ten new hires being the right people can create a ton of disastrous misalignment--especially at the senior level. Brad Jacobs is a CEO and serial entrepreneur who has founded and led seven billion-dollar companies. In his book, How To Make a Few Billion Dollars, Jacobs explains the characteristics he looks for when hiring into world-class organizations, and what all leaders should look for when building their own teams. "When…

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Monday, 04 March 2024 04:44

Oil prices rise after OPEC+ extends output cuts

Oil prices rose on Monday after OPEC+ members agreed to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, largely in line with market expectations. Brent futures was 28 cents, or 0.3% higher, at $83.83 a barrel at 0134 GMT, while the U.S. West Texas Intermediate (WTI) rose 20 cents, or 0.3%, to $80.17 a barrel. The output cuts by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are expected to cushion the market amid global economic concerns and rising output outside the group, with Russia's announcement surprising some analysts. Russia…

Monday, 04 March 2024 04:38

50-year-old mom built a $1.3 billion startup inspired by unreliable school buses: It was ‘an aha moment’

Sometimes, the ride to school for Ritu Narayan’s children arrived on time. Sometimes it didn’t. Whenever her kids’ transportation plans fell through, the longtime tech product manager at companies like eBay and Oracle had to enter crisis mode and drop everything at work. She thought of her own mother, a former teacher in India who faced the same problem decades ago — and ultimately put her career aside to raise four children. Narayan’s solution: She left her job to create Zum, an AI-backed electric school bus service that launched in 2015. It started as something of a self-funded Uber, chauffeuring…

Saturday, 02 March 2024 04:45

Shareholders funds wiped out as MTN Nigeria suffers N740bn loss on massive Naira devaluation

MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion a year earlier. The losses resulted in a wipe-out of shareholders’ funds. The company attributed the losses to a massive foreign currency loss of N740 billion up from N81 billion reported in 2022. This is the company’s first-ever loss since it became a quoted company in Nigeria. According to MTN, “the loss was significantly due to operational changes to the Nigerian Foreign exchange market, including the abolishment of the segmented/parallel structure announced by CBN in June 2023.” MTN also stated…

Saturday, 02 March 2024 04:42

CBN revokes licences of over 4,000 Bureau de Change

Central Bank of Nigeria (CBN) has revoked the licences of 4,173 bureau de change (BDC) operators for failing to observe regulatory provisions. In a statement signed by Sidi Ali, CBN’s acting director, corporate communications, on Friday, the apex bank said the BDCs failed to observe at least one of its regulatory provisions, such as payment of all necessary fees, including licence renewal, within the stipulated period in line with the guidelines. “The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the…

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