Business News

Monday, 16 October 2023 04:42

Ray Dalio says AI will greatly disrupt our lives within a year—you should be both excited and scared of it

Billionaire investor Ray Dalio is sure that artificial intelligence will soon be a “great disruptor” in all of our lives — for both better and worse. AI will help people make strides in productivity, education, healthcare and even usher in a three-day workweek, Dalio said on Tuesday at Fast Company’s Innovation Festival 2023. On the other hand, it’ll likely “disrupt jobs” and be a cause of “argument” for employees and legislators who support halting or slowing down AI’s evolution, he said. “All these changes are going to happen in the next five years,” Dalio, the founder of hedge fund giant…

Friday, 13 October 2023 04:39

How to know when it's the right time to make a move in your business

Over my career, I've tried to time things perfectly with the goal of entering and exiting opportunities at the right time. In some instances, my timing was spot on, and in other instances, I stayed too long or left too early. There are so many variables – alignment, when preparation meets opportunity, and plain old chance. Great timing is really about being in the right place at the right time, and below are a few things to think about as relates to timing. The First-Mover Advantage Being the first to enter a new market can offer a solid competitive edge.…

Wednesday, 11 October 2023 04:53

Suppliers abroad may reject Letters of Credit from Nigeria due to unpaid FX obligations - PwC

The inability of Central Bank of Nigeria (CBN) to meet foreign exchange (FX) obligations may result in a decline in imports, PwC Nigeria says in its bi-monthly economic outlook for the country. In the October report, titled, ‘Impact of Global Economic Trends on Nigeria’s Foreign Exchange and the Way Forward’, PwC said the unsettled $7 billion FX obligations of the CBN to banks will affect the confidence of foreign suppliers as regards letters of credit. “Foreign suppliers may not accept letters of credit amid unsettled $7 billion FX obligations to domestic lenders,” the firm said. “This may lead to less…

Wednesday, 11 October 2023 04:46

The No. 1 question to ask in a job interview, according to a former Google recruiter

A job interview has multiple components. Interviewers will likely take some time upfront to discuss your work history and do a general assessment of your fit for the role and company. And oftentimes they’ll leave 10 to 15 minutes at the end for you to ask some questions of your own. You’ll want to fill that time by asking about the role, company and people who are interviewing you — so make sure to do your homework on all three before you come in. But according to former Google recruiter Nolan Church, there’s also one question every job candidate should…

Tuesday, 10 October 2023 04:35

Mark Cuban on the key to a successful sale: ‘You’re not trying to convince people, you’re trying to help them’

Mark Cuban learned the key to a successful sale when he was just 12 years old. In a recent interview with GQ, Cuban was asked what the “key to selling well” was. His answer: “You’re not trying to convince people. You’re trying to help them.” He learned this piece of wisdom at his very first sales job. At 12 years old, Cuban started what would be a long and successful career in business by going door to door selling garbage bags, to make enough money to buy himself sneakers. When selling to his customers, Cuban noticed that each customer would…

Monday, 09 October 2023 05:10

68-year-old started ‘about 50 businesses,’ then ‘stopped trying to get rich’—and built a $450m egg company

Matt O’Hayer estimates he’s started “about 50 businesses,” from carpet cleaning to chartering sailboats. His biggest success came when he stopped “trying to get rich” and started a company he believed in — one with a “deeper purpose,” he says. That’s Vital Farms, which says it’s the nation’s largest producer of pasture-raised eggs. The business works with more than 300 family farms across the country, and can process up to six million eggs per day. It brought in $362.1 million in net revenue last year, marketing itself to customers willing to pay $6 to $10— multiple times the current national…

Friday, 06 October 2023 04:27

FG offers 10-year N150bn Sukuk for subscription at 15.75% per annum

Debt Management Office (DMO) has opened an offer for a 10-year N150 billion forward ijarah (lease) Sukuk instrument at a rental rate of 15.75 percent per annum, payable half-yearly. Patience Oniha, DMO director-general, announced the offer during an event titled “2023 Sukuk Issuance – Investors Meeting” held on Thursday in Abuja. The Sukuk is a strategic initiative that supports infrastructure development, promotes financial inclusion and deepens the domestic securities market. Since the establishment of the initiative in September 2017, Nigeria has issued five sovereign Sukuk — 2017 (N100 billion); 2018 (N100 billion); 2020 (N162.557 billion); 2021 (N250 billion) and 2022…

Thursday, 05 October 2023 04:42

CEO shares ‘secret trick’ for deciding to quit your toxic job: ‘It can make it much, much clearer’

Toxic bosses are far too common: They’re the reason 57% of employees have quit a job, according to one report. But sometimes, you need the paycheck. Robyn L. Garrett, an author and CEO of leadership coaching firm Beamably, has a “secret trick” for figuring out whether it’s time to abandon ship. “Defining your personal values can be tremendously powerful at navigating an issue like this. Not only which values are the most important to you, but [also] which ones you actively oppose,” Garrett told the Harvard Business Review’s “New Here” podcast earlier this month. “We don’t always know why we…

Wednesday, 04 October 2023 04:57

Richard Branson says the thing we fear the most is actually the way to success

Richard Branson has developed an unconventional leadership style that has gained a devoted following. His teachings on entrepreneurship and success are numerous, but three in particular reveal his soul and the human aspect of Branson's leadership. As the billionaire founder of the Virgin Group, Branson recognizes that we all must accept the thing we fear the most – our failures – as the path to success and growth. He also believes we must meet our employees' basic needs to positively impact our businesses. These principles have proven successful for Branson, and he shares them as his keys to success. 1.…

Tuesday, 03 October 2023 04:30

The hidden dangers of secretism: This is how companies can fight it

I was recently speaking with a business coaching client who lost one of their key team members to a cross-country move. Up until this point, my client had really enjoyed working with that team member and thought they were doing a great job. But shortly after their departure things started to surface that were problematic. Turns out that that key team member had been engaging in secretism, which is the practice of hoarding knowledge, keeping information close to the chest and limiting its dissemination. These actions had not only hurt the company's growth trajectory overall, but really set them back…

More...

Monday, 02 October 2023 04:25

BUA slashes cement price by 25%, promises more reductions

A Nigerian cement production company, BUA Cement Plc, has announced a reduction in the price of the commodity. AbdulSamad Rabiu, the chairperson of BUA cement Plc, last month, said the company was considering a plan to reduce the price of cement upon completion of its new lines by the end of 2023. Rabiu had explained that the planned reduction was part of efforts to support the Nigerian government‘s quest to alleviate the suffering of Nigerians. New price In a statement on Sunday evening, the company’s management said it had now decided to bring the “price reduction forward” in fulfilment of…

Monday, 02 October 2023 04:23

Zenith bank, GTBank, First Bank, 8 others post N1.67 non-performing loans for Half 1, 2023

Following write-offs, restructuring of facilities, Global Standing Instruction (GSI) and credit risk management as a result of economic challenges, 11 banks recorded N1.67 trillion non-performing loans (NPL) during the first half (H1) of 2023, an increase of 37 per cent from N1.22 trillion reported in the full year ended December 31, 2022. The banks are: Zenith Bank Plc, Access Holdings Plc, Guaranty Trust Bank Holding Plc (GTCO), FBN Holdings Plc Ecobank Transnational Incorporated (ETI), and United Bank for Africa Plc (UBA). Other are: FCMB Group Plc, Wema Bank Plc, Stanbic IBTC Holdings Plc, Sterling Financial Holdings and Fidelity Bank Plc.…

Monday, 02 October 2023 04:18

55-year-old whose backyard side hustle brought in nearly $20,000 in a month: ‘Anyone can do this’

This story is part of CNBC Make It’s Six-Figure Side Hustle series, where people with lucrative side hustles break down the routines and habits they’ve used to make money on top of their full-time jobs. Got a story to tell? Let us know! Email us at This email address is being protected from spambots. You need JavaScript enabled to view it.. It took Rodney Melton just over a year to build a six-figure side hustle. In March 2021, Melton started molding, engraving and selling headstones for pet memorials on Etsy. He’d long worked with concrete and stone as a hobby, while working 60 hours per week as a maintenance lead at Mars Pet Care.…

Friday, 29 September 2023 04:58

How do you know if you're fit for leadership? 3 rare habits reveal the answer

In my speaking engagements and courses, I always emphasize the practical side of leadership, which is really about elevating the people doing the work. We're talking about the kind of leadership that is rooted in emotional intelligence and driven by a genuine desire to make people (and yourself) better. This form of leadership is not about being a boss; it's about being a mentor, a facilitator, a humble and trusted guide, and someone your team genuinely respects. Be warned: It's counterintuitive to lead in this manner. But once you acclimate to the behaviors, you'll know whether you are truly fit…

Page 41 of 144

Business News

More...

Search

Most Read

Editorial

News

Business

Politics

Opinion

Features

Strangely

Crime

Wars

SCIENCE & TECH

SPECIAL REPORTS

Sports

VIDEOS