Business News

The CEO of ClickUp learned through this trial-and-error process that the most inefficient and unproductive meetings are one-on-ones, especially among executives. Time is our most precious asset, and we’re always running out of it. Having spent the past seven years running a company all about productivity, I’ve found that meetings are generally the most inefficient activity across companies. So I started to cancel meetings. That is until I found the meetings that truly needed to be added back. I learned through this trial-and-error process of canceled meetings that the most inefficient and unproductive are one-on-ones, especially among executives. One-on-ones for…
If Tony’s Chocolonely founder Teun van de Keuken had his way, he would’ve ended up behind bars long before he created his popular chocolate company. The Dutch journalist made an attempt to get himself arrested in 2005, showing up to a police station and declaring himself a criminal. The crime? Fueling slavery by knowingly purchasing a chocolate bar made with illegal child labor. When his activist stunt failed, van de Keuken came up with a new plan: creating a chocolate bar of his very own that proved the candy could be made without any exploitation of children. His chocolate company…
MTN Nigeria Communication Plc reported that it paid N543.9 billion in taxes and levies to the Nigerian government in 2023. This disclosure was made in the company’s 2023 sustainability report, which details its Environmental, Social, and Governance (ESG) practices. The report highlights that MTN expanded its network coverage to encompass 92.9% of Nigeria’s landscape and increased its capital expenditure investment by 13.2% to N571 billion in 2023. Despite posting a revenue of N2.46 trillion for the full year, MTN Nigeria recorded a loss after tax of N137 billion, primarily due to net foreign exchange losses. In a filing with the…
Employment scams surged last year, as criminals leveraged artificial intelligence to steal money and personal information from unsuspecting job seekers, experts said. Consumer reports of job scams jumped 118% in 2023 from the prior year, according to a recent report by the Identity Theft Resource Center. Thieves generally pose as recruiters and post fake job listings to entice applicants, then steal valuable information during the “interview” process. Often, they put these phony listings on reputable websites like LinkedIn and other job search platforms, ITRC said, making it tough to disentangle truth from fiction. The typical victim loses about $2,000 A…
The average salary that Americans say would make them happy is $94,696, according to a Moneyzine.com survey of more than 1,200 people done in 2023. But research shows that money can’t buy happiness; happy people just seem to be more successful. Tami Muller is a happiness trainer and positive psychology coach who has studied the science of happiness for the past five years. Through studying the topic, Muller learned that the hedonic treadmill of chasing happiness by trying to land the best job or make the most money isn’t an accurate way to attain it. “Happy people make more money,…
Nigerian poultry farmers have complained that several poultry farms are shutting down operations due to skyrocketing prices of poultry feed and unsustainable cost of production, among other challenges in the sector. The farmers, who spoke with our correspondents within the week, said the worrying trend could lead to a total collapse of Nigeria’s poultry industry in no distant time if not addressed by those in authority. The skyrocketing prices of essential livestock feed ingredients such as maize and soybeans and the growing spate of insecurity across farming communities are negatively affecting poultry output. The farmers also lamented that general price…
KuCoin, a cryptocurrency exchange, says it will commence collection of a 7.5 percent value-added tax (VAT) on transaction fees for users in Nigeria. The company said a regulatory update in Nigeria led to KuCoin’s decision to introduce the VAT. In a statement on July 3, the cryptocurrency platform said the deduction of the VAT would be effective from July 8. KuCoin said for every trade, the 7.5 percent VAT will be applied to the transaction fee — not the total transaction amount. “We are writing to inform you of an important regulatory update that impacts our users from Nigeria,” the…
Many of my career mentors have given me a similar tidbit of advice: Do what you know.For the most part, it seems wise. I personally couldn’t imagine being in a job I knew absolutely nothing about. How long would it take for me to be successful? Would I get on my colleagues' nerves having to constantly ask for assistance?But if you asked billionaire Richard Branson, it’s the worst advice he’s ever received. He broke through by doing the complete opposite.“Most of my successful businesses were in industries where I had no industry experience at all,” Branson said on a recent…
Thursday, 04 July 2024 04:47

FG approves Eni, Equinor assets sale

Nigeria's upstream oil regulator has approved two key onshore assets sale by international oil companies, clearing the way for Oando and new entrant Project Odinmim, to acquire assets, the head of the agency, Gbenga Komolafe, said on Wednesday. Nigerian Upstream Petroleum Regulatory Commission (NUPRC) greenlit deals by Eni's local unit Nigerian Agip Oil Company (NAOC) to Oando and Equinor to Project Odinmim, Komolafe announced at an energy conference in Abuja, the capital. The deals had been pending for months as they required sign-off from the petroleum minister under a recently enacted oil industry law. Approvals for Exxon Mobil's $1.3 billion…
A two-day protest by factory workers at Sumal Foods Limited, Ibadan, Oyo State, has left one of the protesters dead, two others injured and some properties destroyed. Sumal Foods, with factories located in Oluyole extension, Ring Road Ibadan, Oyo State, produces Yale biscuits and a range of other snacks. On Monday, scores of casual workers at the company’s ‘Yale 3’ branch in Ibadan, had mobilised to protest unfair labour practices, among other issues. As a result, they declined to work the night shift and suspended production in nine factories. But, according to a witness who identified himself as Jelili Ismail,…
March 12, 2025

Nigeria's car imports fell 14.3% in 2024 amid economic woes

Nigeria experienced a significant decline in passenger vehicle imports in 2024, with total import value…
March 13, 2025

Everything is transactional and the slogan is ‘It is my turn to chop’, Obasanjo slams…

Former President Olusegun Obasanjo has described the N15.6tn Lagos-Calabar Coastal highway project as wasteful and…
March 13, 2025

Illegal working in UK was unbearable, migrant says

Josie Hannett & Alex Bish An Albanian national who travelled to the UK illegally has…
March 01, 2025

Man offers to split $525,000 jackpot with thieves who stole his credit card to buy…

A Frenchman appealed to the homeless thieves who stole his credit card to buy a…
March 11, 2025

Gunmen launch deadly attacks in Ondo and Kebbi, leaving dozens dead

In a series of violent attacks across Nigeria, gunmen and terrorists have left a trail…
March 13, 2025

What to know after Day 1113 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Ukrainian forces encircled in Kursk Region – Russia’s top general Ukrainian forces in…
March 12, 2025

From chatbots to intelligent toys: How AI is booming in China

Laura Bicker Head in hands, eight-year-old Timmy muttered to himself as he tried to beat…
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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