Business News

Tuesday, 15 August 2023 04:44

If you're too busy for these 3 things, your leadership skills may need a tune-up

This will reveal the leader's true intent. Hundreds of books, articles, and podcasts are published each year offering the answer to the question: How do I lead well? To really grasp the principles of effective leadership that will lead to results, one primary lesson that many of those books and podcasts won't teach comes down to one short sentence: Leadership is a heart matter. If the heart is not right, your leadership isn't going to be right. The heart of a leader has to be focused on serving others first. This will reveal the leader's true intent. It is not…

Monday, 14 August 2023 04:21

How to build your company culture 10 seconds at a time

When it comes to company culture, many business owners, particularly ones that haven't been in business for very long, will dismiss it as a big company issue. You might hear terms like "we are all family here" as if to dismiss the idea that your company and those that you employ have an unspoken hand that guides their decisions when you aren't around. But whether you believe it or not, your company has a culture. And it's up to you to help shape that culture into one that will not only benefit your team members, but also the growth and…

Thursday, 10 August 2023 04:30

Azman Air shuts down, sends workers on leave without pay

Azman Air has sent all of its staff on a compulsory leave without pay, indefinitely. Nurudden Aliyu, the airline’s spokesperson, said the decision was made due to a number of factors, including the ongoing C-checks on its aircraft and the high cost of operations. In aviation, C-check is a deep inspection of the majority of an aircraft’s components usually done by a maintenance technician. The goal is to check the functionality of the plane. “We have temporarily suspended operations due to all our 737 used for domestic operation being due for C-checks,” Aliyu said. “We have already sent two of…

Thursday, 10 August 2023 04:19

Warren Buffett says what separates doers from the duds boils down to 1 simple choice

Warren Buffett, the legendary investor and one of the wealthiest people in the world, has attributed a significant part of his success to a simple yet powerful choice: investing in oneself. Here's what he shared with Good Morning America years back: Investing in yourself is the best thing you can do. Anything that improves your own talents. As entrepreneurs and business leaders, we often focus on external opportunities and investments, but Buffett's timeless advice reminds us that the most critical investment lies within ourselves. Following Buffett's advice can lead to a lot of great things, like knowledge attainment in your…

Wednesday, 09 August 2023 04:37

Manufacturing output fell N720bn in one year - MAN

Manufacturers Association of Nigeria has said due to a harsh economic environment, the value of manufacturing production decreased from N7.39tn in 2021 to N6.67tn in 2022, indicating a decline of N720bn. Chairman, MAN, Apapa branch, Frank Onyebu, made the revelation on Tuesday during the annual general meeting of the branch. Onyebu said 2022 was mostly characterised by a harsh operating environment, themed by record-high inflationary pressure, high interest rates, multiple taxation, high energy costs, forex illiquidity, shortage of raw materials, among others. He added that supply shortages, surging material prices and difficulty in hiring qualified staff stalled the growth of…

Wednesday, 09 August 2023 04:24

The potential in a Ghanaian peanut

When Uju Uzo-Ojinnaka, CEO and founder of Traders of Africa (TOFA), was informed about the need for groundnuts in India by her friend in Ghana, she had no idea that her online trading platform would stem from this demand. She discovered that there was no platform to locate groundnut producers, resulting in the loss of the deal. She woke up in the middle of the night, puzzled. She shouldn’t let this opportunity slip by. Having studied Jack Ma and being able to relate to his frustration of not seeing Chinese beer online, she decided to create TOFA that very evening.…

Tuesday, 08 August 2023 04:18

Naira falls further at official window, approaches 900 to dollar at parallel market

The naira, on Monday, closed at N774.78 per US dollar at the investors and exporters (I&E) window. The figure signifies a depreciation of N31.71 or 4.27 percent compared to the N743.07 it traded on Friday, according to data obtained from FMDQ Securities Exchange, a platform that oversees foreign exchange (FX) trading in Nigeria. The I&E FX window is the market trading segment for investors, exporters and end-users that allows for FX trades to be made at exchange rates determined based on prevailing market circumstances. It is the country’s official FX market. Since the government unified the exchange rate windows, the…

Tuesday, 08 August 2023 04:12

3 ways to replicate the 'Saturday night live' formula for business success

What you can learn from Lorne Micheals to achieve lasting success in businesses. During a recent talk at the Cannes Lions International Festival of Creativity, I had the privilege to watch a speaking session with Lorne Michaels as he approaches the 50th anniversary of Saturday Night Live. Michaels has spent years of his life developing and improving the magic sauce of a cultural phenomenon that has consistently found success. His talk was filled with incredible lessons that entrepreneurs can apply to thrive in their chosen industries. Let's take a look at embracing tight deadlines, open collaboration, and impactful presentations, and…

Monday, 07 August 2023 04:58

Here’s how to create a work environment that nurtures creativity and inspires innovation

Creativity is the fuel that drives innovation, growth and vibrant work culture. It is a key element in discovering and utilizing the full potential of your team members. If we, as managers, can help spark our employees' imaginations, we unlock an incredible force in propelling our businesses forward. So how do we tap into that potential? We need to implement some basic techniques to ensure that we provide the right environment to encourage and nurture creativity. 1. Share Your Own Ideas A culture of open communication where everyone feels comfortable sharing their ideas and perspectives is ideal, but often easier…

Friday, 04 August 2023 04:49

Six among Nigeria’s biggest companies lose $385m on Naira devaluation

President Bola Tinubu’s move to allow the nation’s currency to weaken has contributed to combined losses of $385 million at six of the nation’s biggest companies. Airtel Africa Plc reported the biggest loss among the top Nigerian companies for the quarter ended June 30. The local units of Nestle SA and Mondelez International Inc. reported losses for the first six months of the year after revaluing overseas loans and letters of credit as the local currency depreciated 40%. Tinubu, who took over late-May, has introduced a raft of measures to attract overseas inflows. Apart from weakening the naira, the government…

More...

Friday, 04 August 2023 04:49

British pharmaceutical giant GSK exits Nigeria as revenue falls 50% within one year

British multinational drugmaker and biotechnology company GlaxoSmithKline Plc (GSK) said Thursday it is drawing the blinds on its Nigerian subsidiary after a “strategic intent” to consider other favourable business options. GSK’s operations in Nigeria will no longer involve commercialising its prescription drugs and vaccines, meaning its activities in the country now entail the distribution of its pharmaceutical products through a third party only. “The Haleon Group has also separately informed the Board of its intent to terminate its distribution agreement in the coming months and to appoint a third-party distributor in Nigeria for the supply of its consumer healthcare products,”…

Friday, 04 August 2023 04:41

The difference between leadership and management

I was asked this recently after a talk I gave in Texas: “What’s the difference between a leader and a manager?” My answer was simple: The ability to communicate.The difference between a leader and a manager is in communication. Don’t believe me? Do a quick image search for managers. I’ll tell you what you’ll find. You’ll find pictures of happy smiley stock-image people shaking hands or high-fiving each other. Now search for leaders, and you will find a very different group. In those search results, you will find a group of people that changed the world. Those people have one…

Thursday, 03 August 2023 04:29

FG demands deletion of 18 loan apps on Play Store over regulatory violations. There are the offenders

Federal Competition and Consumer Protection Commission (FCCPC) has asked Google to delete 18 digital money lending companies’ (DMLs) apps from the Play Store, over violation of registration rules. The commission spoke in a statement issued on Wednesday, signed by Babatunde Irukera, its chief executive officer (CEO). The DMLs include; Getloan, Camelloan, Cashlawn, Nairaloan, Eaglecash, Moneytreefinance Made Easy, Luckyloan Personal Loan, and Joy Cash-Loan Up to 1,000,000. Others are Cashme, Easynaira, Swiftcash, Crediting, Swiftkash, Hen Credit loan; Nut loan; Cash door; Cashpal, and Nairaeasy gist loan. FCCPC said the aforenamed companies, although registered, will cease to operate unless they provide a…

Thursday, 03 August 2023 04:15

The road to success involves doing this one thing

Our interactions with others greatly influence our thoughts and actions. When we surround ourselves with individuals who embody qualities, values, and behaviors that we admire, we are more likely to emulate those traits. One of the best business and life tips I have ever received is finding the right inner circle to push you toward career growth or business success. The advice I got comes down to one simple sentence: Choose to surround yourself with people who are smarter and better than you. The Lesson As the saying goes, "Birds of a feather flock together." We tend to adopt the…

Page 46 of 144

Business News

More...

Search

Most Read

Editorial

News

Business

Politics

Opinion

Features

Strangely

Crime

Wars

SCIENCE & TECH

SPECIAL REPORTS

Sports

VIDEOS