Business News

Tuesday, 17 December 2024 04:39

How to work with friends, from Simon Sinek

In school, I never enjoyed group work. Being at the mercy of another person’s effort was frustrating to me — and still is. That’s probably why I picked a career where most of my day-to-day tasks can be done solo. Still, it’s impossible for most people to go through life without any professional collaboration. And while it can be fun to work with someone who’s also a friend, it can make collaboration even more complicated. Recently, I listened to an episode of Simon Sinek’s podcast “A Bit of Optimism” where he asked restaurateur Will Guidara about advice for maintaining a…
Majeed Javdani Key Takeaways ISO 42001 provides a structured framework for AI management systems, ensuring businesses adopt AI responsibly. This guide breaks down the implementation process into practical steps, focusing on risk management, stakeholder alignment and continuous improvement to integrate AI seamlessly into business operations. ISO 42001 establishes a framework for AI management systems, providing organizations with a structured approach to integrating AI-related practices into their operations. This standard emphasizes risk management, continuous improvement, and alignment with the requirements of all stakeholders, ensuring businesses can adopt AI responsibly and consistently while adhering to global best practices. In this article, I…
If you ever find yourself in a meeting with Jeff Bezos, don’t expect the Amazon founder to speak up first. Instead, Bezos flips the traditional meeting hierarchy, instructing participants to speak in reverse order of seniority, starting with the most junior person. As one of the senior-most individuals in the room, Bezos usually reserves his comments for the very end. This approach, he explained at The New York Times’ DealBook Summit, helps prevent "group think" and ensures that everyone’s opinions are heard before his own influence can shape the discussion. Bezos believes this method encourages honest, open dialogue instead of…
The recent appreciation of the Naira in the parallel foreign exchange (FX) market is being attributed to a combination of Central Bank of Nigeria (CBN) interventions, Nigeria’s bond market activities, and other key economic factors, according to analysts. On Friday, the naira recorded its strongest performance in four months, trading at N1,600 per dollar in the parallel market. This marked a 7.78% improvement from the N1,735/$ exchange rate seen on November 29. This represents a notable recovery from when the naira first crossed the N1,700/$ threshold on September 27. In the weeks following, the naira had fluctuated between N1,670/$ and…
A “supergiant” gold ore deposit under an existing gold mine in China could be the world’s largest gold ore deposit. Officials estimate that the extent of the find could be 1,100 tons stretching as deep as 9,800 feet below the surface. The find also shows promise as that of a high-quality producer of gold. A deposit of gold ore just discovered in China isn’t just giant. It’s supergiant. So much so, in fact, that Chinese experts claim it could be the largest deposit of any precious metal—not just gold ore—in existence today. How big is the “supergiant” deposit located under…
Nigeria's economic landscape showed mixed signals in the third quarter of 2024, with the National Bureau of Statistics (NBS) reporting a robust trade surplus of N5.81 trillion and a moderate capital importation of $1.25 billion. The trade data revealed a significant expansion in total merchandise trade, which increased by 81 percent from N19.38 trillion in Q3 2023 to N35.16 trillion in Q3 2024. Exports dominated the trade balance, accounting for 58.27% of total trade at N20.48 trillion, with crude oil remaining the primary export, valued at N13.4 trillion and representing 65.44 percent of total exports. Regarding capital importation, the figure…
Saturday, 07 December 2024 04:53

Local rice prices surge 137%, NBS survey finds

The price of local rice in Nigeria surged by 137.32% in October 2024 compared to the same period last year, according to the National Bureau of Statistics (NBS). This sharp increase has propelled rice into the top ten most expensive staple foods in the country. The NBS's Selected Food Prices report for October 2024 highlighted the significant rise, with the average price of local rice reaching N1,944.64 per kilogram, up from N819.42 in October 2023. This increase underscores the ongoing inflationary pressures affecting food prices and exacerbates the economic challenges faced by Nigerian households. Month-on-month, local rice prices also saw…
Key Takeaways It's freeing to let go. Bruce Lee captured it perfectly: "It's not the daily increase but daily decrease. Hack away at the unessential." It's an idea that's turned businesses on their head and made life easier — one that's changed the definition of productivity and success in a world full of information and distractions. In a time of endless options, every task and every decision can take our attention. But success isn't about doing more; it's about doing less and focusing only on what genuinely matters. Now, let's discuss the daily decrease. This is about getting rid of…
Bitcoin has surpassed the $100,000 mark, continuing its impressive rally spurred by Donald Trump's election win. The latest surge follows a key announcement from the President-elect, who signaled a more favorable regulatory environment for cryptocurrencies with his choice of Paul Atkins as the next chair of the Securities and Exchange Commission (SEC). Trump revealed on Wednesday that he plans to nominate Atkins, a former SEC commissioner during George W. Bush's presidency, known for his stance against excessive market regulation. This move has been seen as a positive signal for the crypto industry, fueling investor optimism. Since Trump’s victory on November…
Gili Malinsky When you’re doing a job interview, whether virtual or in person, you’ll want to follow the appropriate etiquette. “You want to make sure that you’re making good eye contact,” says Emily Levine, executive vice president at recruitment firm Career Group Companies, “that you’re reading the room in terms of when it’s appropriate to speak, when it’s appropriate and time to ask questions.” Levine has interviewed “thousands and thousands of people” in her career, she says, often for A-list celebrities looking for personal assistants or chiefs of staff. Here are Levine’s best tips for avoiding her top red flags…
April 15, 2025

GenCos warn of nationwide blackout over FG’s N4trn debt

Power Generation Companies (GenCos) have threatened to shut down operations over a N4 trillion debt…
April 14, 2025

‘Tinubu may be a great dad, but he’s Nigeria’s worst president’ – Eedris Abdulkareem

Veteran Nigerian rapper and activist Eedris Abdulkareem has launched a scathing critique of President Bola…
April 13, 2025

The Church’s biggest problem isn’t bad leadership. It's this

Kerry Hasenbalg Idolatry is often thought of as an ancient sin involving golden calves and…
April 06, 2025

Excavation near site where Jesus was crucified and buried results in ancient discovery

Proof of an ancient garden, consistent with biblical scripture, has emerged at the holiest site…
April 15, 2025

At least 51 killed in another attack in Plateau state

At least 51 people were killed by gunmen in the early hours of Monday in…
April 15, 2025

Here’s the latest as Israel-Hamas war enters Day 557

Israel makes new Gaza ceasefire proposal but prospects appear slim Mediators Egypt and Qatar have…
April 15, 2025

Is it finally safe to ditch your phone case? I put it to the test

Thomas Germain With smartphones tougher than ever, a new wave of phone minimalists say cases…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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