Business News

Scarcity of the naira increased reliance on mobile devices for financial transactions by 505.29 per cent in the first quarter of 2023, data from the Nigeria Interbank Settlement System has indicated. The value of mobile transactions rose by 160.11 per cent year-on-year to N9.07tn in the first quarter of 2023. The volume of mobile transactions surged by 505.29 per cent year-on-year to 671.93 million in Q1, 2023 from 111.01 million in the corresponding period last year. Transaction value surged to N9.07tn in the first three months of 2023 from N3.49tn in the same period of 2022. The growth in usage…
Tuesday, 25 April 2023 04:04

5 signs you're pretty good with money

Most of us strive and struggle to reach our goals. What we often forget is that accomplishing them is only half the battle. You also have to feel like you've accomplished them. And these two steps can be further apart than you might imagine. Couples therapists caution that we are often overly focused on the negative in relationships, which means we underestimate the strength of our bonds. Professors warn that many highly successful professionals make themselves miserable by always chasing one more accolade. And one author went viral when she coined the term "productivity dysphoria" to describe the yawning gap…
In an environment of instability, distinguishing yourself from the competition can mean everything – first dibs on skilled workers, better access to attractive clients, and an upper hand on market changes. To do so, you'll need a plan that's better than their plan. The good news is, this is old news. Serious planning has been the key to winning since the beginning of time. But most companies don't take it seriously. In the 5th century BC, Sun Tzu's The Art of War offered a blueprint for strategic planning in an environment where the stakes were higher than economic instability. The…
The federal government says it has successfully concessioned the Onitsha Port in Anambra State while discussions are ongoing for the concessioning of Baro and some other ports in the country. George Moghalu, managing director, National Inland Waterways Authority (NIWA), said this while he fielded questions from State House correspondents after a private meeting with President Muhammadu Buhari on Thursday at the Presidential Villa, Abuja. He said that such licensing would ease pressure on the government and attract revenue to it. “For Onitsha, we have successfully concessioned and handed over to Universal Elison, a company that is partnering with Port of…
Some people secure startup investments with well-organized pitches and PowerPoints. Airbnb CEO Brian Chesky and his two co-founders did it with $40 boxes of cereal. And it was almost by accident, Chesky said at a recent Stanford Graduate School of Business event. When Chesky and his two co-founders — Joe Gebbia and Nathan Blecharczyk — launched the company in 2008, investors were skeptical of the idea that people would casually invite strangers into their homes for overnight stays. Rejected by the VC world, the trio turned to their own customers for fundraising dollars, Chesky said. Specifically, they sold self-designed cereal…
There is outcry among farmers because of the high cost of fertiliser as the rainy season sets in, investigation shows. Both wet season and irrigation farmers heavily rely on fertiliser for high yield but many of them could no longer afford it. At the moment, the price of fertiliser is far beyond the reach of millions of Nigerian small-scale farmers, who need it to achieve the desired yields. In most places, the soil can no longer support the production of major grains without fertiliser, but access to the input is shrinking due to its high cost, resulting in declining productivity.…
Thursday, 20 April 2023 03:48

6 steps to get your team to agree to change

Gain consensus on why change is needed and adopt ideas from every team member To achieve success, business leaders need agreement from their executive team. For example, if you want your company to grow faster, you need a new business strategy and a team that is able to follow that strategy to achieve faster growth. To do that you must lead a process that invents a growth strategy, plans for implementation, and drives execution. You must overcome three big obstacles: Whomever you exclude from the team you assemble for this exercise could undermine the outcome. The team members you select…
It was easy to forget, while working from home for the past three years, that the office can be full of people looking out for only themselves. But as employers dial up the frequency of in-person working, it will be harder to ignore peers and bosses who make your life a living hell. Unable to shield your energy through a screen and work in your own happy bubble, identifying who is your ally and who is out to get you (or your job) will become an increasingly important skill to have up your sleeve as you navigate the new working…
Exxon Mobil Corp. in Nigeria declared force majeure on oil liftings from different terminals in the country following industrial action by the company's in-house workers union, the company said on Monday in a statement. Nigeria is trying to lift production to 1.6 million barrels per day (bpd), recovering its long time position as the largest African producer of the Organization of the Petroleum Exporting Countries (OPEC). In the third quarter last year, production in Nigeria fell behind Angola to about 1 million bpd as companies like Shell PLC and TotalEnergies exited the country amid widespread corruption and security issues. Nigeria…
Most leaders can afford to do more than the bare minimum. People often leave companies because of the failings of their bosses. As a result, many organizations are intentional about investing in leader development. That’s because more effective managers advance business results and can mitigate attrition of vital talent. But retaining high-performing employees doesn’t happen simply because their bosses went to a few training programs. Something much more ingrained in the leader creates the bond that makes employees not only want to stay but also eager to contribute under the stewardship of their boss. As an executive coach to leaders…
June 09, 2025

Nigerian energy firm achieves 200,000 barrels daily output after Shell acquisition

Renaissance Africa Energy Company Limited (RAEC) announced it has successfully increased crude oil production beyond…
June 09, 2025

Northern leaders criticize Tinubu for focusing on 2027 re-election instead of national challenges

The Arewa Consultative Forum (ACF) has criticized President Bola Tinubu and the ruling All Progressives…
June 09, 2025

The two kinds of people in the world - and why it matters for leadership

Robert E. Siegel One provocative assertion I often make when teaching is that there are…
June 07, 2025

‘Nigerians are marrying all our daughters’, Kenya’s President Ruto, cries out

Kenyan President William Ruto has stirred up a storm on social media with his provocative…
June 06, 2025

Gunmen kill two policemen, abduct Chinese in Kwara

The Kwara State Police Command on Thursday confirmed the killing of two policemen and the…
June 09, 2025

Here’s the latest as Israel-Hamas war enters Day 612

Israel reveals tunnel under Gaza hospital, says body of Sinwar's brother found there The Israeli…
June 08, 2025

Let God back into the lab: Why science without God is failing us

David Rives In recent decades, a subtle and sinister revolution has occurred in our scientific…
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…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.