Business News

Morgan Smith Starface World president Kara Brothers has interviewed dozens of prospective employees since she joined the cult-favorite skincare brandin 2021. In those conversations, the 39-year-old executive is assessing candidates for an important soft skill: emotional intelligence. Research dating back decades has found that emotional intelligence — the ability to manage your own feelings and the feelings of those around you — is the strongest predictor of success in the workplace. Yet, measuring it can be tricky. Unlike technical skills or experience, emotional intelligence is built on intangible qualities like empathy and self-awareness, which don’t always fit neatly onto a…
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has called on the Federal Government to provide a N100 billion grant to prevent the closure of approximately 10,000 fuel retail outlets nationwide. In a position paper jointly signed by PETROAN President Billy Harry, National Secretary Adedibu Aderibigbe, and National PRO Joseph Obele, the association highlighted the financial strain on its members following the removal of the fuel subsidy. According to the group, high interest rates of 38–40% on bank loans have made it nearly impossible for members to purchase petroleum products, threatening their businesses and the stability of fuel…
Ryan Ermey It’s officially the time of year when you get around to that thing you’ve been putting off. And for millions of Americans, that means coming to grips with their finances. If you’ve been avoiding funding your 401(k) or opening a brokerage account, you’re not alone. Nearly half of U.S. adults — 48% — report owning no investable assets, according to a 2024 survey from Janus Henderson. And for many, the reasoning behind the procrastination is simple: Investing is (seemingly) too complex. It’s a pattern of thinking that, if not overcome, could cripple many young people financially, says Amos…
The Nigerian stock market achieved a robust 37.65% return in 2024, marking another year of significant growth for the Nigerian Exchange (NGX). This performance capped a remarkable period of expansion, with the market capitalization climbing from N40.9 trillion to an all-time high of N62.8 trillion. However, when viewed through the lens of the depreciating Naira, the picture becomes more nuanced, revealing a sobering story of economic hardship for Nigerian investors. The NGX All-Share Index (ASI) rose to 102,926 points at year-end, up from 40,000 points at the start of 2023, a notable achievement in Naira terms. Several key factors contributed…
Melissa Houston Many want to be rich, but few are willing to follow the money rules that will make you rich. Building and maintaining wealth doesn’t happen by chance; it requires a clear strategy, discipline, and consistent action. While the journey may not always be easy, those who commit to these principles position themselves not just to achieve wealth but to sustain it over the long term. The path to financial success often feels daunting but building wealth doesn’t require winning the lottery or stumbling upon a golden opportunity. Instead, it’s about consistent, disciplined actions over time. By following some…
Gill Malinsky After nearly 18 years at Google, Jenny Wood now dedicates her time to helping people grow their careers. She does this through her weekly newsletter, Big Small Things, and she hopes to do this with her forthcoming book, “Wild Courage,” due out in March 2025. “I made so many mistakes as I rose from entry-level to exec,” she says, adding that “these mistakes included the actions I didn’t take (which led to the most regret) and the actions I did take (some of which were cringe-worthy).” When it comes to setting yourself up for success in 2025, Wood…
Marcel Schwantes Ever felt like you’re invisible at work—like no one sees you, hears you, or values what you bring to the table? Psychologists actually have a term for this: anti-mattering. It’s that sinking feeling of being insignificant, and when people experience it, they tend to check out, lose motivation, or walk away entirely. We often think top talent quits because of money or new opportunities elsewhere. For many, sure. But for high performers, there’s another, quieter reason: They don’t feel like they matter. The solution is to reverse course. In six words: Make people feel like they matter. Unlike…
Starlink, Elon Musk's satellite internet service provider, has announced plans to raise its subscription prices in Nigeria effective January 27. This marks the company's second attempted price adjustment in recent months. In an email to customers, Starlink explained the increases are necessary to "continue enhancing the Starlink network and provide reliable, high-quality service across Nigeria." Under the new pricing structure, the basic subscription tier will rise from ₦38,000 to ₦75,000 monthly. The company's premium services will see even steeper increases, with mobile-regional roaming priced at ₦167,000 and mobile-global roaming at ₦717,000. This announcement follows a similar price hike attempt in…
Saturday, 28 December 2024 04:35

Nigeria, China extend currency swap deal

Nigeria and China have renewed their 15 billion yuan ($2 billion) currency swap agreement, extending the arrangement for another three years to strengthen economic cooperation and boost bilateral trade. The People’s Bank of China (PBOC) confirmed the renewal in a statement on Friday, noting that the agreement, initially signed in June 2018, can be extended further by mutual consent. The currency swap allows for the direct exchange of Chinese yuan and Nigerian naira, eliminating the need for US dollars in transactions and reducing trade costs. The facility was originally introduced to address liquidity challenges faced by businesses in both countries…
The Nigerian Exchange (NGX) is ending the year on a high note, with investors adding over N1 trillion to their portfolios last week, marking a remarkable rally ahead of the Christmas season. The market continued to gain traction on Christmas Eve, as the All-Share Index (ASI) rose by 0.82%, closing at 102,186.03 points, bringing the total market capitalization close to N62 trillion. This sharp rise in investor wealth is attributed to a combination of strong buying interest, particularly in blue-chip stocks and consumer goods companies. The ASI’s gains last week, which saw it rise from 99,378.06 points to 101,129.09 points,…
June 05, 2025

Nigerian Stock Market extends bull run with N483bn two-day gain

The Nigerian stock market has demonstrated remarkable resilience with a sustained upward trajectory over two…
June 02, 2025

Afenifere blasts Tinubu: ‘Midterm report shows woeful failure, economic deforms, and rising despair’

The pan-Yoruba socio-political organization, Afenifere, has issued a scathing midterm assessment of President Bola Tinubu’s…
June 05, 2025

This is the process that lets managers get the best out of their team

Frans Van Loef What does it mean to be a manager? In today’s world, managers…
May 31, 2025

Tools made of whale bones reveal inventiveness of prehistoric people

Artifacts found at archeological sites in France and Spain along the Bay of Biscay shoreline…
June 05, 2025

NCC warns DJs: Unlicensed music use could lead to 5-year jail term

The Nigerian Copyright Commission (NCC) has issued a stern warning to disc jockeys (DJs) against…
June 05, 2025

What to know after Day 1197 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Kiev regime ‘not interested in peace,’ turning to terror, suffering ‘huge losses’ on…
June 02, 2025

Opportunities and challenges unveiled: How AI revolutionizes education and mental health support

Terence Ma Tin Shu Play time helps both kids and adults in prevention and healing…
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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