Business News

Few people who write about Elon Musk get the kind of access to the controversial genius as Walter Isaacson did. Simon & Schuster sent me an early copy of Isaacson's new, 600-page biography, Elon Musk. It has everything you'd expect from a book on Musk – stories of tragedy, triumph, and turmoil. Isaacson spent two years shadowing Musk, watching him make decisions, and getting a peek – as best as anyone could – into what makes Musk tick. While the stories are fascinating and guaranteed to spark a mountain of coverage, founders and entrepreneurs will also unearth valuable lessons, especially…
Equinor ASA has chosen a little-known company as the preferred buyer of its stake in one of Nigeria’s largest deep-water oil fields, according to people familiar with the matter. The Norwegian energy giant is trying to sell its 20.2% interest in the Agbami field – joining other international producers such as Shell Plc, Exxon Mobil Corp. and Eni SpA in looking to offload assets in Africa’s biggest crude producer. Chappal Energies Mauritius Ltd. has emerged as the favored buyer of Equinor’s interest in the asset, which is operated by Chevron Corp. and produces about 100,000 barrels of oil a day,…
Most people imagine reaching their career goals will result in lifelong happiness. The opposite was true for Airbnb CEO Brian Chesky. For Chesky, the goal was an IPO, he recently told Dax Shepard’s “Armchair Expert” podcast. Even as Airbnb’s popularity and private valuation soared throughout the 2010s, Chesky didn’t feel successful, he said — and he thought taking the company public would help. But when the IPO occurred in December 2020 — with its opening valuation of $47 billion rising to $86.5 billion in less than a day — Chesky didn’t feel happy, satisfied or even relieved. Instead, it marked…
Here are 10 popular jobs with skills most replicable by AI, according to ChatGPT itself. The jobs site Indeed analyzed GPT-4's ability to perform skills required for these common jobs. Though GPT-4 is able to perform some skills, others — like driving a car — still require a human touch. In a new report, the jobs site Indeed's economic research team analyzed over 55 million job postings published between August 2022 and July 2023 and identified more than 2,600 skills employers were seeking. The researchers then studied how well the GPT-4 version of the generative-AI tool ChatGPT could perform these…
This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown. Sometimes, you need to recognize that pretty good isn’t good enough. Just ask Spenser Skates and Curtis Liu. Today, the two MIT graduates are known as co-founders of Amplitude, an analytics software business with a market cap of $1.35 billion and more than 2,300 corporate clients. A decade ago, they were on a completely different track — running a voice recognition…
Every parent wants their child to reach their full potential and flourish: my mum called me Faiza because it means “winner” in Arabic in the hope that success would be inevitable. It’s an emotion that runs deep, and one that politicians across the spectrum are keen to tap into, for ever promising to build an “aspirational” or truly “meritocratic” society where any individual can make it as long as they work hard enough. Equality of opportunity is a phrase commonly used by our politicians, even for those too scared to talk about equality more generally. Yet for decades we’ve been…
International Air Transport Association has said that as of August 2023, Nigeria accounts for $783m of airlines’ blocked funds. This was contained in a statement by the trade association which said that the IATA’s Regional Vice-President for Africa and Middle East, Kamil Al Awadhi, has had engagements with the Federal Government to resolve the situation. Foreign airlines operating in the country have been unable to repatriate their commercial revenue amid a protracted scarcity of forex. The statement read in part, “Al Awadhi also met with Nigeria’s new Minister of Aviation and Aerospace Development, Festus Keyamo, during which he called on…
TikTok is full of advice on how to ace your job interview — but not all of those tips are actually a good idea, some recruiters say. It’s smart to come prepared with questions for your interviewer when they inevitably ask if you have any. But one question often floated as a way to make yourself stand out could actually end your interviews prematurely. “When you ask questions at the end of your interview and ask your interviewer, “Do you have any hesitations about my candidacy?′ That is the worst advice,” says Farah Sharghi, who estimates she’s conducted more than…
Cassiy Johnson always wanted a second income source. But selling concrete candles and coffee mugs swirled in nail polish from her Howell, Michigan, home proved too time-consuming and heavy to ship. Then, she tried designing T-shirts. It was April 2020, and Johnson had been furloughed from her full-time job as a daycare salesperson, where she made $70,000 per year. Her Etsy shop launched the next month — and in the fall, it brought in $30,000 in revenue in just two months, she says. Even better, she adds: She spent less than 30 minutes per day on the side hustle, running…
Monday, 18 September 2023 04:32

The 3 phases of leadership in business, others

How confident are you in your leadership abilities? In my 20-plus years of experience in startups -- having filled every position from new hire to CEO -- I've never seen a company reach its potential under anything less than exemplary leadership. The reverse can be true, of course. Any business can fail regardless of how good the leadership might be. But if your company leadership sucks, your business doesn't stand a chance. Leadership -- despite the millions of dollars and hours spent coaching it -- isn't that difficult to wrap your brain around. You know it when you see it,…
May 20, 2024

Nigerian manufacturers still in business lament as goods pile up in warehouses due to poor…

Manufacturers of fast-moving consumer goods, FMCG are in dire agony over the continued rise in…
May 19, 2024

‘Nothing to it’: FG, Presidency dismiss Atiku, Obi’s proposed alliance against Tinubu in 2027 runs

The Federal Government has dismissed the proposed alliance between former Vice President Atiku Abubakar and…
May 14, 2024

These 3 phrases make you sound smarter and more emotionally intelligent, experts say

Sounding smart and emotionally intelligent isn't just about the idea you're trying to convey. How…
May 18, 2024

People are revealing the wild rumours that went around about ‘that one teacher’ in their…

Almost everyone can recall "that one teacher" from their school days who was involved in…
May 15, 2024

Bandits attack 50 communities in Zamfara, kill 49

Bello Hassan, a member of the House of Representatives representing Zurmi/Shinkafi Federal Constituency, reported on…
May 20, 2024

Here’s the latest as Israel-Hamas war enters Day 227

Airstrike kills 27 in central Gaza and fighting rages as Israel's leaders are increasingly divided…
May 19, 2024

Scientists develop device that can detect when someone is sarcastic

Experts have developed a device that can detect when someone is sarcastic It works by…
April 30, 2024

Finidi George is new Head Coach for Super Eagles

Former Nigerian winger Finidi George has been appointed as the head coach of the national…

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