Business News

Ashton Jackson Constantly putting others before yourself can be noble, but the people-pleasing trait may come with some toxic pitfalls. If you ever catch yourself feeling emotionally drained — like you're never able to say "no," or you'll lose your status as an exceptional employee, for example — you might be in trouble, according to Hailey Magee, author of the self-help book, "Stop People Pleasing and Find Your Power," published in May. "I define people-pleasing as the act of putting others' needs, feelings, wants and dreams first at the expense of your own needs, feelings, wants and dreams," Magee recently…
The Central Bank of Nigeria (CBN) has increased the rates for the Standing Deposit Facility (SDF) as part of its ongoing efforts to manage liquidity in the financial system. This decision was detailed in a circular issued on August 26, 2024, following the 296th Monetary Policy Committee (MPC) meeting, where key adjustments to interest rate policies were approved. The CBN revised the Asymmetric Corridor around the Monetary Policy Rate (MPR) from +100/-300 basis points (bps) to +500/-100 bps. This significant shift aims to discourage banks from holding excess liquidity at the central bank and to promote increased lending activities. New…
Emery Wells put himself on the path to a dream career by recklessly buying a $17,500 camera that he definitely couldn’t afford. Wells, 42, is the CEO of Frame.io, a video collaboration software business he co-founded in 2014 and sold to Adobe for $1.275 billion in 2021. Nearly two decades ago, he was a 25-year-old freelance video editor who’d recently quit bartending in New York to pursue a full-time film career. At an industry trade show in 2006, he watched a startup called Red Digital Cinema announce its intention to build a digital camera high-quality enough for big-budget Hollywood productions.…
Key Takeaways Mistake #1: Rushing the pitch Mistake #2: Skipping trust indicators and key differentiators Mistake #3: Talking too much and for too long Mistake #4: Forgetting who you're pitching to Mistake #5: Undermining your credibility with weak language Mistake #6: Using broad claims instead of precise data points Mistake #7: Telling instead of showing With U.S. venture capital fundraising at a 6-year low, raising investor capital for your startup has become more challenging than ever. Potential investors are tightening their budgets and adopting a "wait and see" approach before putting their capital at risk. Yet, some of the best…
Deryl McKissack is no stranger to spotting toxic traits. McKissack, 63, is the founder and CEO of Washington D.C.-based construction firm McKissack & McKissack, which she launched with $1,000 from her savings in 1990. She churned through employees who weren’t the right fit in her company’s early years and the business struggled, she says. Finding the right talent helped grow her company, which now brings in $25 million per year in revenue, according to documents reviewed by CNBC Make It. These three red flags stand out the most when McKissack is hiring employees or evaluating her current talent, she says.…
The dream of getting rich often feels out of reach, particularly if you believe that wealth requires a hefty initial investment or a lucky break. However, the truth is, many successful entrepreneurs have built their fortunes not from a windfall or a massive inheritance, but by leveraging something they already possessed: their skills. If you have a skill set you’re passionate about, you're sitting on a goldmine. Here’s how you can use what you already have to start a business and get rich: 1. Identify Your Core Skills Before diving into the business world, it’s essential to identify the skills…
Investors on the Nigerian stock market suffered a significant loss of N750 billion on Monday as bearish sentiment continued to dominate trading. The market downturn was primarily driven by heavy selloffs in the shares of Dangote Cement and Tier-1 banks, including Guaranty Trust Holding Company (GTCO) and FBN Holdings. The market capitalization, which stood at N55.132 trillion at the opening of the week, declined by 1.36 percent, closing at N54.382 trillion. Similarly, the All-Share Index dropped by 1.36 percent, ending the day at 95,781.68 points, down from 97,100.31 points recorded on Friday. This decline also led to a reduction in…
MTN Group reported a half-year loss on Monday as Africa's biggest telecom operator grappled with the devaluation of the Nigerian naira and operational challenges in Sudan. It said it was working on cutting costs and reiterated it was on track to reach a target to sell off non-core assets by next year. The company reported a loss before tax of 9 billion rand ($507 million) in the six-month period ended June 30, compared with a restated profit of 8.3 billion rand a year earlier. "The further devaluation in the naira against the U.S. dollar ... and the ongoing conflict in…
Megan Sauer Two weeks before her side hustle’s launch party, Olivia Cleary did the math: At five minutes per inch of fabric, she was running out of time to sew 20 polyester scarves. She started working on the scarves from 7 p.m. until midnight, and 5 a.m. to 8 a.m. — when she had to leave for her full-time architectural design job. She finished the edges of her “crappy little scarves” on a $100 sewing machine that sat atop a folding TV table in the New York apartment she shared with two roommates, she says. That was in June 2022.…
The federal government is targeting as much as $2 billion through the issuance of dollar-denominated bonds to domestic investors, according to the lead arranger United Capital Plc. The domestic dollar bond has a programme size of $2 billion, with series one opening on Monday (today) at a size of $500 million, the investment bank said in an emailed document. The bonds will have a five-year tenure. The bond, which is available to Nigerians residing in the country and abroad as well as local pension firms, is targeting funds from “domiciliary accounts, diaspora remittances and foreign investments,” United Capital said. Dollar…
April 18, 2025

UK Appeal Court upholds $380m judgment against Nigeria LNG

Nigeria LNG Limited (NLNG) has lost its appeal in a London court, cementing a $380…
April 17, 2025

Afenifere accuses Tinubu of ‘destructuring’ Nigeria, demands urgent reforms

Pan-Yoruba socio-political group, Afenifere, has criticized President Bola Tinubu’s administration, accusing it of dismantling the…
April 16, 2025

A strategy to get more done—and feel less stressed

For some people, the expression “You have as many hours in the day as Beyoncé”…
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 17, 2025

Terrorists kill 144 in Plateau, Benue in 14 days, Vanguard reports

No fewer than 144 persons have been killed by herdsmen in the two north central…
April 18, 2025

What to know after Day 1149 of Russia-Ukraine war

WESTERN PERSPECTIVE Zelenskiy accuses China of supplying Russia with weapons Ukrainian President Volodymyr Zelenskiy said…
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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