Federal government has sweetened the terms of a sweeping oil reform bill in a bid to attract much-needed investment to its oil industry, four people closely involved with the legislation said and a letter from oil companies, seen by Reuters, showed. The proposed changes signal a shift by Africa’s largest oil producer and show the impact of an increasingly competitive environment in the energy business after 2020’s global oil price collapse and an expected shift to renewables. Nigeria in 2019 had fast-tracked a law to boost its take of offshore oil revenue, a move industry experts said at the time…

I was on a Zoom call when a company founder who shall remain nameless (and his company unwritten-about, because dude, seriously?) yelled at the end of a rant to an employee struggling to share his screen, "You're lucky you still have a job!" Yeah, no. Your employees may like their jobs. They may enjoy their schedule flexibility. Be excited by the developmental opportunities. Be thrilled to work with great colleagues. Feel fulfilledbecause they make a meaningful difference in the lives of others. They may even feel lucky they have a job that is both financially and personally rewarding. But here's…

Nigerian property group Persianas is buying Shoprite’s business in Nigeria as the South African retailer retreats from other African markets, three banking sources told Reuters on Wednesday. Shoprite, with more than 2,300 stores across Africa, is awaiting regulatory approval on the sale of its Nigerian supermarket operation, though no further details have been disclosed. Banking sources told Reuters that Persianas Properties emerged as the buyer after a bidding process and the company is arranging debt for the buyout. The Palms shopping mall, Persianas’ flagship mall, houses a Shoprite store in the West African country’s commercial capital, Lagos. Shoprite has more…

Buying Nuance is a boon to the company's cloud business, especially in one of the fastest-growing industries. On Monday, Microsoft announced it was acquiring Nuance Communications for $19.7 billion, including debt. That makes it the company's second-largest purchase after LinkedIn, though there's a good argument it could be the most important. Nuance certainly isn't nearly as well-known as many of the high-profile acquisitions under CEO Satya Nadella, which have been decidedly focused on consumers. Take, for example, Mojang, the maker of Minecraft, and ZeniMax, which makes Doom. Even LinkedIn, the professional social network, is more focused on individuals than it…