Marcel Schwantes Satya Nadella, the CEO of Microsoft, knows a thing or two about leadership. He has spearheaded a cultural shift since taking the helm that emphasizes empathy, collaboration, and innovation, guiding Microsoft through a significant turnaround. In a conversation with Adam Grant during the 2022 Future of Work Conference, Nadella clued us in to a leadership skill that will positively affirm someone as a good leader: coaching. “Model, Coach, Care” At Microsoft, Nadella launched the “Model, Coach, Care” framework a few years back. The idea is that Microsoft managers actively role model a coaching mindset and coach their team…

Nigerian businesses anticipate further depreciation of the naira through early 2025, despite maintaining overall optimism about the macroeconomic environment, according to the Central Bank of Nigeria's November 2024 Business Expectation Survey. While businesses expect the naira to weaken over the next three months, they project a potential recovery in the six-month outlook. This sentiment spans across all business sectors, with the construction sector showing particular optimism about its operations. However, the survey revealed mixed economic indicators. Businesses expressed pessimism regarding several key metrics, including business activity volume, financial conditions, credit accessibility, and order volumes. Despite these concerns, companies, particularly in…

Melissa Houston Many people dream of starting a business but they don’t know how to start a business from nothing. It can feel overwhelming and intimidating to think about where to begin, and many talk themselves out of it before they even give their idea a chance. There are more than 33 million small businesses in the United States accounting for more over 99% of all U.S. firms. The American economy is driven by small businesses, so what is holding you back from starting a business? The good news is that it is possible to start a business from nothing,…

The Central Bank of Nigeria (CBN) has introduced new regulations for point-of-sale (PoS) transactions, setting a daily withdrawal limit of N100,000 per customer as part of its ongoing efforts to promote a cashless economy. Key Withdrawal Restrictions: - Maximum daily cash withdrawal per customer: N100,000 - Weekly cash withdrawal limit: N500,000 - Daily cumulative cash-out limit for agents: N1,200,000 The comprehensive directive, issued through a circular to deposit money banks, microfinance banks, mobile money operators, and super-agents, aims to: - Address industry challenges - Combat potential fraud - Establish uniform operational standards Detailed Compliance Requirements: 1. Agent Banking Terminal Limitations…