Business News

When Robert Sampson and his co-founders were thinking up the name for their New York City restaurant, they wanted something that aligned with what the establishment offered – fresh and delicious Thai food, a welcoming ambiance and excellent service. What they came up with was simple: Thai Food Near Me. The restaurant went viral prior to opening when a passerby uploaded a picture of their papered work-in-progress restaurant to Twitter. Sampson says that the idea for the name came up in one of his brainstorms with his co-founders. "We all thought about it and it was this instant, 'This is…
The Nigerian naira has closed at N663 to the dollar at the Investors and Exporters (I&E) window after what has been the currency’s most eventful week in years. The local currency closed on Thursday at N702 to the dollar but recovered on Friday to end trading at N663. On Wednesday, the Central Bank of Nigeria (CBN) issued a circular to the effect that all exchange rates in the country will now follow the “willing buyer, willing seller” arrangement at the I&E window, effectively floating the naira. Since then, the naira has traded at a record high of N791 per dollar…
The Nigerian naira traded as high as 790 to the dollar at the investors and exporters (I&E) window on Thursday — about 24 hours after the float of the local currency. However, the naira appreciated after hitting a record low at the FMDQ trading platform to close at 702 to the dollar. On Wednesday, the Central Bank of Nigeria announced the unification of all exchange rate markets in the country, stating that every rate quoted will be decided by the forces of demand and supply. Following the instruction of the bank, the naira depreciated to 755 per dollar but later…
Getting ahead in today’s competitive world means striving for excellence. In order to achieve excellence, a work culture of continuous improvement, innovation, and high standards must be fostered intentionally. Wiaht... Getting ahead in today's competitive world means striving for excellence. In order to achieve excellence, a work culture of continuous improvement, innovation, and high standards must be fostered intentionally. Wiaht that said, here are the key steps to building an organization of excellence. 1. Clarify your vision and values. Building a culture of excellence begins with establishing a vision. Why is that? Having a clear vision and understanding of your…
Nigeria's banking index surged 23% to a more than 20-year high on Wednesday, as investors snapped up financial firms for the second day following last week's suspension of central bank governor Godwin Emefiele, who oversaw restrictive policies. Nigeria's top 10 banking index jumped 134.8 points to 706.86 points by 1008 GMT to lift the All-share index up 1.86%. Sterling Bank gained the maximum 10% allowed on the bourse. UBA and Access Corporation climbed more than 9%. Reuters
Consumers are under a lot of financial strain. The World Economic Forum reports that the cost-of-living crisis is affecting people across the globe. With food and fuel prices rising, it’s becoming increasingly difficult to keep financially afloat. On top of that, salaries aren’t keeping up with inflation, making it more difficult to save and build wealth. During such times of economic difficulty and uncertainty, fraudsters lure unsuspecting consumers into ‘get-rich-quick’ schemes, offering an avenue to make easy money by investing in a “lucrative” financial opportunity. Nothing beats the prospect of making easy money, and every now and again there seems…
Nigerian stocks soared to their pinnacle since 9 June 2008 on Tuesday as the benchmark index enlarged by 4 per cent in response to the news of the arrest over the weekend of Godwin Emefiele, the Central Bank governor. The new development strengthened optimism that the much-needed liquidity in the market may soon return. Transaction volume more than doubled compared to the previous session following a much-improved risk appetite that greeted the suspension. Emefiele’s arrest impacted reactions in the market as his raft of unorthodox policies has kept many investors at bay in recent years. Foreign participation in the Nigerian…
Everyone who leads people wants, even if only deep inside, to be a great boss. The problem is, what you feel are the qualities of a great boss may be very different from what your employees want, and need. That's why Seth Godin, author of the just-released new book The Song of Significance: A New Manifesto for Teams, asked 10,000 people in 90 countries to describe the conditions at the best job they ever had. Here are the top four: I surprised myself with what I could accomplish I could work independently The team built something important People treated me…
Nigeria spent $3.47bn importing phones, generating sets, electrical transformers, and a host of other electrical equipment in 2022. This is based on data culled from the International Trade Center. The ITC gets its data from the National Bureau of Statistics and the United Nations COMTRADE. According to the multilateral agency, which has a joint mandate with the World Trade Organisation and the United Nations, Nigeria’s electrical importation bill grew by 11.90 per cent from the $3.09bn it was in 2022. Also, over the last three years, Nigeria has spent $10.26bn importing electrical equipment amid falling foreign exchange reserves. Imports under…
WATT Renewable Corp. aims to raise as much as $100 million by the end of 2024 to expand its business of providing solar power, mainly to telecommunications towers in Nigeria. The Canadian company, which has installed 12 megawatts of generation capacity at about 160 sites, has a pipeline of projects 10 times that size, Chief Investment Officer Sherisse Alexander said. WATT would prefer a major investor to take a stake, but will finance projects individually if need be, she said. “What we are looking at is a corporate raise,” Alexander said. WATT is talking to “companies that are already involved…
May 15, 2025

Decision making rule that helps you focus, make smarter choices, and think like a CEO

Marcel Schwantes Having coached executive leaders for two decades, I know they are bombarded with…
May 12, 2025

Northern leaders demand urgent action on insecurity, push for state police

Amid worsening insecurity across Nigeria, the 19 Northern governors and traditional rulers have called for…
May 14, 2025

The dark side of ambition - Tomas Chamorro-Premuzic

Ambition is one of the most defining forces in human affairs—a psychological engine that propels…
May 10, 2025

Town residents involutarily get high after Police burn 20 tons of confiscated cannabis

The 25,000 residents of Lice, a town in Turkey’s Diyarbakır province, involuntarily got high after…
May 14, 2025

Boko Haram, ISWAP terrorists attack four military bases in Borno within 24 hours, soldiers killed

Tension is rising in Borno State after Boko Haram and ISWAP insurgents attacked four military…
May 15, 2025

What to know after Day 1176 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Kremlin names delegation for Ukraine talks Russian President Vladimir Putin late on Wednesday…
May 11, 2025

African diet – plantains and cassava can be as healthy as tomatoes and olive oil,…

Plantains, cassava and fermented banana drink should be added to global healthy eating guidelines alongside…
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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