Business News

Chioma Okoli, a 39-year-old entrepreneur from Lagos, is being prosecuted and sued in civil court for allegedly breaching the country’s cybercrime laws, in a case that has gripped the West African nation and sparked protests by locals who believe she is being persecuted for exercising her right to free speech. What did she say? Okoli, a small-scale importer of children’s wear, told CNN that on September 17 she asked her 18,000 followers on Facebook to share their opinions about a tomato puree she bought in place of her usual brands, saying she found it too sweet. Her post, accompanied by…
You see it all the time in business: people who are vocal about their achievements, who assert their opinions, and who have a certain swagger. The person may be a boss, a coworker, or an employee. But how can you tell if the person’s behaviors come from a place of confidence or cockiness? What’s the difference? And why does it matter? The whole key to a cocky person’s persona is that they exude confidence that masks inadequacy. Cocky people don’t have the ability to perform at the level required, so they have to make themselves look good through arrogant, boastful…
I've long believed the only person who thinks a particular meeting is important is the person who called the meeting. Science backs me up. A meta-analysis of more than a decade of research shows 90 percent of employees feel meetings are "costly" and "unproductive" and that they're right: Employee productivity increased by over 70 percent when the number of meetings was reduced by 40 percent. Still, sometimes meetings are necessary. Maybe that's why smart leaders – and, as you'll see in a moment, leaders who look out for the best interest of their employees – prefer walking meetings. Like Richard…
Traditionally, when founders start a business, the first thing they seek is financing, even before mastering the numbers. They mistakenly believe that generating the first sales indicates the liquidity and health of the business. I have known companies that generate up to $5 billion in sales but, behind the scenes, lose half or more of that in operational expenses. Sales are important but not the true indicator of the cash the company has. Cash is the lifeblood of companies. It is the fuel that propels them forward and helps them grow. You can keep a company moving with operational issues…
"We do such great work, and no one knows or cares!" This was the fundamental complaint of the large complex organizations that came to my firm for help with their brand image. They felt underknown and undervalued, and it hurt. The solution was not jumping into advertising or PR campaigns. Instead, it begins with them getting super-clear on their core identity-and determining if they were being who they wanted to be. As part of the process, we ask these challenging questions: In a few words, what is the core of your organization's identity? How do you want the world to…
You can't win as a new venture founder working alone. You need to have business relationships with team members, investors, customers and myriad other support people. That doesn't mean you have to be a social butterfly to succeed or introverts need not apply. It does mean that you need to look, listen and participate in the business world around you and network through all available channels, like business-oriented social networks online (LinkedIn), local business organizations (Chamber of Commerce) and events or conferences in your school or industry. I hope all this seems obvious to you, but I still get a…
Central Bank of Nigeria (CBN) has lifted its restrictions on the importation of milk and dairy products. On February 11, 2020, the CBN added milk and dairy products to the list of items not eligible for forex. However, in a notice to customers, Zenith Bank said the regulator had provided an update on eligible items for foreign exchange in a notice to commercial banks on March 12. “Please be informed that the Central Bank of Nigeria (CBN), through its circular Ref No. TED/FEM/PUB/FPC/001/010, dated March 12, 2024, has provided an update on eligible items for foreign exchange (Non-Valid for FX),”…
A majority of people, 95%, intend to look for a new job this year, according to a January 2024 survey by jobsite Monster. And many anticipate it will be challenging. More than half, 68% say they think it will be difficult to find one given the state of the economy. While finding work opportunities can be challenging, there are ways to conduct yourself that could make doing so even harder. “There’s something called validation seeking behavior, aka desperation,” says Lindsay Mustain, a former Amazon recruiter and current CEO of career coaching company Talent Paradigm. She adds that “it’s that ‘pick…
I’ve always thought that promotions were largely based on how hard you worked, or how long you’ve been at a company. While those two qualities may play a role in someone moving up the corporate ladder, I recently learned that bosses often look for something more subtle as the deciding factor.I chatted with Bill George, a Harvard Business School executive fellow and former CEO of health-care company Medtronic, who told me the top traitleaders look for when considering employees for a promotion is someone who guides and inspires their team.People who “focus on doing an outstanding job in leading [their]…
Whether or not you get hired by billionaire Mark Cuban comes down to two qualities: culture and competency. They’re the “two things that matter the most,” Cuban said during a MasterClass course released last month. “Are they competent enough to do the job? And do they fit in the culture of the organization? If they fail on either one, you’re going to be in trouble.” Culture is more important than raw talent, Cuban said. Most of the workforce agrees: 56% of workers rank a strong workplace culture as more important than salary, with more than 75% of employees saying they’d…
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March 28, 2024

A Nigerian woman reviewed some tomato puree online. Now she faces jail - CNN

Chioma Okoli, a 39-year-old entrepreneur from Lagos, is being prosecuted and sued in civil court …
March 28, 2024

LP re-elects Abure as national chairman despite INEC’s absence at convention

Labour Party (LP) has announced that it has reserved its 2027 presidential ticket for the…
March 24, 2024

4 simple ways to eat for longevity

To increase your longevity, you can make some small changes to your eating patterns. “Diet…
March 23, 2024

Celebration or desecration? England’s cathedrals open doors to silent discos

It was a night of old favourites and modern anthems. More than 400 people paid…
March 27, 2024

Nigerians react as bandit flaunts bales of cash collected as ransom on TikTok

Reactions have trailed bandits seen in viral videos displaying cash supposedly collected from victims. Videos…
March 28, 2024

What to know after Day 763 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Putin issues F-16 warning to Ukraine sponsors Should the US-made fighter jets make…
March 03, 2024

Scientists may have finally solved the mystery of consciousness. Their discoveries are troubling

Throughout history, attempts by mere mortals to plumb the inner recesses of the soul have…
March 09, 2024

Nigeria-born Joshua defeats Cameroon’s Ngannou with second-round knockout

Two-time world champion Anthony Joshua knocked out mixed martial arts star Francis Ngannou in just…

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