Business News

Whoever you are and whatever you do, I can guarantee you that we share one very big challenge in common; we don't have enough time in the day. Our feeds are busier and noisier than ever and standing out has become increasingly difficult. It is clear that you need to do things differently. Here are 5 reasons you should not focus on your own needs but rather on the person with whom you are meeting: By helping others overcome challenges, you learn how to solve diverse problems I've said this before and I'll say it again. In every single meeting…
Federal government has announced the restructuring of five electricity distribution companies, also known as DISCOs. This was contained in a statement jointly signed on Tuesday by the Executive Chairman of the Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, and Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh. According to them, the affected companies are Kano Electricity Distribution Company (KEDCO), Ibadan Electricity Distribution Company (IBEDC), Benin Electricity Distribution Company (BEDC), Kaduna Electric, and Port Harcourt Electricity Distribution Company (PHED). Garba and Okoh explained that the announcement followed Fidelity Bank’s activation of the call on the collaterised shares of KEDCO,…
Ray Dalio wrote about the idea of an "idea meritocracy," where the best ideas rise to the top regardless of their source — a concept that can benefit all companies at all levels. Making the switch to a more idea-focused work environment will help cultivate a responsive culture where everyone can participate and be heard, involving every team member as a source of insights and competitive advantage. As business owners, the risks we take are not only critical to our companies' ability to survive and grow, but also to our personal livelihood and to the employees and their family members…
Everything gets disrupted. Today, dozens of industries are in the midst of disruption. Uncertainty is ubiquitous. Electric vehicles are upending the automotive industry. Solar farms are rapidly replacing coal power plants. Healthcare is transitioning to tele-health. And the list goes on. Disruption occurs when new solutions reinvent stale business models. It's easy to become enamored with disruptive innovation. Tesla, Coinbase, Shopify and a host of other companies steal the innovation headlines. Many entrepreneurs and corporate innovators alike want to create the next big thing just like these icons. It makes sense. In the early days of Netflix, I had a…
Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned. The Group of Seven nations are hammering out a complicated mechanism to cap the price fetched by Russian oil in a bid to tighten the screws on Vladimir Putin’s war machine in Ukraine. But given Moscow’s robust fiscal position, the nation can afford to slash daily crude production by 5 million barrels without excessively damaging the economy, JPMorgan analysts including Natasha Kaneva wrote in a note to clients. For much of the…
Fintech association of Nigeria says the sector accounted for 63 percent of the funding raised by startups in Africa in 2021. Ade Bajomo, president of the association, said this on Saturday at the fintech platinum awards and dinner ceremony held in Lagos. Bajomo said Nigeria had been well-positioned in Africa and the global fintech ecosystem. He added that Africa could currently boast of 10 unicorns out of which seven; (Jumia, Fluttwerwave, Andela, Chipper Cash, Airtel Africa, OPay and Interswitch) are Nigerian. “Nigerian startups raised $1.37 billion of the $4 billion raised in Africa in 2021,” he said. “Of these, the…
Managing Director/CEO, of Asset Management Corporation of Nigeria, (AMCON), Ahmed Kuru has said the Corporation has recovered about N1.4trn, which comprises of cash N681bn; Property Forfeiture N279bn; Share Forfeiture N140bn; and other strategic assets N208bn. Similarly, a total cash recovery of over N116.9bn has been recovered on Polaris EBAs from date of acquisition to date. AMCON MD/CEO spoke at this year’s edition of the House of Representatives Committee on Banking, and Currency retreat with the Management of AMCON among other stakeholders in Lagos Kuru, represented by Matthew Coker who is AMCON’s Group Head, Asset Management Directorate told the lawmakers that…
Monday, 04 July 2022 06:06

9 things you learn only after failing

Everybody fails. From Jeff Bezos and Elon Musk to the small business owner at your corner store, enduring failure is simply a fact of life for all entrepreneurs. The thing that separates the best founders from their peers is the ability to learn from that failure. In a recently-posted Reddit thread on the r/entrepreneur subreddit, dozens of users shared their perspectives on key lessons that can only be learned after failing. Here are some of the best takes about wisdom gained from failure: 1. Don't forget to focus on sales You can create an essential product that revolutionizes your industry,…
Shell Plc paused the divestment of its Nigerian onshore oil assets pending the outcome of a case at the Supreme Court. Earlier this year, Shell Petroleum Development Company of Nigeria Ltd., in which Shell holds a 30% stake, was issued with an order to maintain the status quo until at least Oct. 4, when Nigeria’s Supreme Court is scheduled to consider the company’s appeal of an oil-spill penalty of nearly $2 billion. That order put on hold Shell’s plans to exit its Nigeria onshore oil assets, which it says are incompatible with its long-term transition to clean energy. Chief Executive…
Friday, 01 July 2022 06:41

Small actions that make great leaders

Julie, an organic chemist, was doing drug research at a lab. Her boss, Gordon, was a well-regarded scientist but also very temperamental. One day she walked into Gordon’s office to ask for his feedback on the draft of a research paper they were co-authoring. The paper represented months of arduous research. Gordon told her that it was the “worst piece of rubbish” he’d ever seen. Julie replied, “Gordon, I’m not a bit surprised that you thought the paper was rubbish. To be honest, I had the exact same feeling when I was writing it. I felt like I was rambling…
June 09, 2025

Nigerian energy firm achieves 200,000 barrels daily output after Shell acquisition

Renaissance Africa Energy Company Limited (RAEC) announced it has successfully increased crude oil production beyond…
June 09, 2025

Northern leaders criticize Tinubu for focusing on 2027 re-election instead of national challenges

The Arewa Consultative Forum (ACF) has criticized President Bola Tinubu and the ruling All Progressives…
June 09, 2025

The two kinds of people in the world - and why it matters for leadership

Robert E. Siegel One provocative assertion I often make when teaching is that there are…
June 07, 2025

‘Nigerians are marrying all our daughters’, Kenya’s President Ruto, cries out

Kenyan President William Ruto has stirred up a storm on social media with his provocative…
June 06, 2025

Gunmen kill two policemen, abduct Chinese in Kwara

The Kwara State Police Command on Thursday confirmed the killing of two policemen and the…
June 09, 2025

Here’s the latest as Israel-Hamas war enters Day 612

Israel reveals tunnel under Gaza hospital, says body of Sinwar's brother found there The Israeli…
June 08, 2025

Let God back into the lab: Why science without God is failing us

David Rives In recent decades, a subtle and sinister revolution has occurred in our scientific…
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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