Business News

Marco's story is a testament to the power of perseverance and the importance of embracing the journey towards success. Growing up in Mexico, Marco witnessed his mother's logistics business and was inspired to follow in her footsteps. He became a customs broker, combining his passion for business with his desire to give back to the community. Marco emphasizes the significance of personal development and positive influence in achieving both personal and professional success. He believes that taking care of oneself and continuously growing as an individual is essential to effectively help others. By focusing on self-care and personal success, Marco…
The founder of Stanbic-IBTC Bank, Atedo Peterside has announced his retirement as a banker. Peterside made this announcement in a post via his verified social media page. The banking icon wrote, “This has been an incredible 35-year journey that ends today, June 10, 2024. “Every single day since Feb 2, 1989, I have been either the CEO, Chairman or Bank Director. All good things must come to an end. I give God the glory at age 68,” he added. His exit comes after over three decades and a half of dedicating his wealth of experience to the Nigerian banking sector.…
Indian steel maker, Aarti, is exiting the Nigerian manufacturing sector, joining a long list of companies leaving the country on account of economic woes. The Ota, Ogun State-based steel maker, has already been put up for sale and big players have submitted unconfirmed bids ranging between $50 million and $100 million. The steel maker’s exit is attributed to a combination of factors, notably high rate of indebtedness, challenging economy, fluffing currency, surging inflation and high energy cost, a source who spoke on condition of anonymity told BusinessDay. “We are aware that Aarti Steel Nigeria has been put up for sale…
It’s easy to grasp why Apple, Microsoft and Google are multitrillion-dollar companies: Just think about how many people around the world interact with the companies’ products and rely on them to go about their daily lives. But these multigenerational brand names are now trailing behind Nvidia, suddenly the most valuable public company in the world. The tech behemoth, whose launch into AI chipmaking sent its stock into the stratosphere is hardly a household name. Many people can’t even pronounce it (it’s en-VID-eeyah, the company says on its website). It’s derived from the Latin word “invidia,” meaning envy, something many companies…
Though it can be challenging, keeping things simple can significantly drive innovation and growth for your company. Innovation doesn't have to be about creating groundbreaking new technologies. Simplifying existing technologies and making them user-friendly can be a powerful strategy. Simplifying communication and processes within a company is crucial for efficiency and collaboration. A simplification mindset in product development can lead to better user experiences. Incremental changes tested with users helps inform larger updates and can lead to more impactful and user-friendly products. According to Steve Jobs, "Simple can be harder than complex: You have to work hard to get your…
Long hours, heavy workloads, tight deadlines, job insecurity, a lack of control over your schedule and generally feeling unsupported can leave you feeling unhappy and discontented with your work environment. If gone unchecked for too long, this kind of chronic workplace stress can lead to job burnout. As a Harvard-trained psychologist, one of the best ways to cope with these stressors is to set healthy boundaries. It might sound like a tall order. You may worry that you will make yourself seem difficult or unprofessional. But setting healthy boundaries is key to mental health and stress-relief. Simply put, boundaries are…
Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production. Softness in gasoline markets have upended years of record profits on selling transportation fuels. In the U.S., the world's largest gasoline market, refiners ramped up sharply, expecting demand that never materialized. U.S. gasoline demand was 9 million barrels per day (bpd) in the first week of June, 1.7% below last year and seasonally the lowest since 2021, government data showed. In Asia, weakness in the gasoline market has already led…
Accomplishing a longtime career goal — whether that's crossing the six-figure mark in your salary or getting a huge promotion — might seem like the solution to feeling completely satisfied at work. But chances are, you could still feel empty, bored, or unfulfilled even after achieving this milestone. That's normal, Joseph Fuller, a Harvard Business School professor and co-chair of the school's "Managing the Future of Work" initiative, tells CNBC Make It. "Our careers rarely align with every expectation we have for them," he says. The same logic applies to any professional goal you pursue: If you have unrealistic expectations…
Just the mention of budgeting can conjure up thoughts of scarcity and cutting out fun, enough to have even the most seasoned entrepreneurs shaking in their boots. But it's time to reframe how you think about budgeting for your business. Your financial numbers represent the reality of your company's performance, regardless of whether you know them or monitor them. Can you confidently answer if you have sufficient funds to expand into a new office space, hire additional staff or launch a new product line? How can you make informed decisions if you don't know your numbers? Without a clear understanding,…
Seplat Energy is pursuing a swift conclusion to its $1.28 billion acquisition of ExxonMobil's Nigerian shallow water oil assets, it said on Friday after being notified that NNPC had halted a legal challenge to the deal. State oil company NNPC had challenged Exxon's sale of the assets to Seplat, saying it had first right of refusal. The deal was further held up by regulatory issues. "Seplat Energy commends the open cooperation and progress achieved by all stakeholders, and will diligently engage (with) all key stakeholders, including the government, in progressing towards a swift completion of the acquisition," a Seplat statement…
October 11, 2024

Oil prices jump on US storm, Israel-Iran fears

Oil prices jumped about 4% on Thursday on a spike in U.S. fuel use before…
October 11, 2024

Atiku slams Tinubu over latest petrol price hike, calls president trending nickname

Former Vice President Atiku Abubakar, on Thursday, mocked President Bola Tinubu over the president’s handling…
October 11, 2024

How some leaders manipulate, control and exploit their teams

Benjamin Laker Leaders who demonstrate high emotional intelligence (EI) are often praised for their ability…
October 05, 2024

80-year-old woman reaches Miss Universe final

Choi Soon-hwa, an 80-year-old woman from South Korea, recently shocked the world by qualifying as…
October 08, 2024

Court orders prevent us from investigating corruption cases in 10 states across Nigeria - EFCC

Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), says the commission…
October 11, 2024

Here’s the latest as Israel-Hamas war enters Day 371

Senior Hezbollah official survives Israeli assassination attempt, sources say A senior Hezbollah official eluded an…
September 23, 2024

LUTH begins bone marrow transplant treatment for sickle cell patients

Following years of research and planning, the Lagos University Teaching Hospital (LUTH) has successfully launched…
September 22, 2024

Dubois knocks down, knocks out Joshua to retain IBF heavyweight world title

In an astonishing upset, Daniel Dubois delivered a career-defining performance, defeating former two-time world heavyweight…

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