Business News

Oil prices fell over 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output that offset supply concerns generated by escalating geopolitical tension in the Middle East. Brent crude settled down $2.64, or 3.4%, at $76.12 a barrel, while U.S. West Texas Intermediate crude futures lost $3.04, or 4.1%, at $70.77 a barrel. Both contracts climbed more than 2% in the first week of 2024 as geopolitical risk in the Middle East intensified after attacks by Yemen's Houthis on ships in the Red Sea. On Sunday, rising supply and competition from rival…
Nobody wants to look incompetent or unskilled in the workplace. Unfortunately, the words we use every day can make us do just that. There’s one common phrase experts say to avoid if you’re speaking with your boss: “I don’t know.” “The simple acceptance of not knowing” can make it seem like you’re uninterested in going the extra mile to solve problems, Patrice Lindo, CEO of Career Nomad, a career consulting firm, tells CNBC Make It. Moreover, the phrase doesn’t show “initiative and willingness to learn.” People usually say “I don’t know” in a variety of scenarios, from expressing disagreement to…
At age 12, Bella Lin had a problem. Her guinea pigs were disappearing. In those days, Lin let her three guinea pigs roam her parents’ grassy, fenced-in backyard just outside of San Francisco. It was better than the alternative, she thought: The two-pound creatures “looked miserable” in their cramped, “prison-barred” cage, Lin, now 17, tells CNBC Make It. She assumed the first, Snoopy, had escaped and she continued letting her guinea pigs outside — until her dad watched an eagle fly away with another, she recalls. Determined to keep the pets out of traditional cages, she started drawing prototypes. Lin,…
Central Bank of Nigeria has released inaugural guidelines for banks opening cryptocurrency accounts, while retaining its ban on them holding or trading in virtual assets on their own behalf. The rules, published on the CBN website on Tuesday, flesh out the regulator’s decision last month to lift its prohibition on banks operating accounts for crypto service providers. “Current trends globally have shown that there is need to regulate the activities of virtual assets service providers which include cryptocurrencies and cryptoassets,” it said. Nigeria joins other African regulators in extending oversight of cryptocurrencies, spurred by a string of corporate collapses capped…
Entrepreneur Ken Joslin's story is one of determination, personal growth, and a deep-rooted belief in the power of community. Joslin is the CEO of the Ken Joslin Team & the GROW STACK DRIVE brand. He is a former Pastor turned Coach and a real estate professional. Here are some key takeaways from our interview on the latest episode of The Jeff Fenster Show. Support others Joslin believes in an unwavering commitment to the well-being and success of others. He maintains that great leaders want something for people— not from them. This mindset has been the driving force behind his entrepreneurial…
There are many bad habits that can hinder your goals — but the “most self-destructive” habit is so common, you may not realize just how damaging it is.″[As] human beings, we can’t help but to compare ourselves to others, and comparison is the deadliest thing we can do to ourselves because we will always come up short,” Simon Sinek, a bestselling author and leadership expert, said in a 2021 YouTube video. “All it does is exaggerate all of our insecurities.”“It’s OK to enjoy other people’s success, but you let them live their lives and you live your life,” he added.…
In an extension of their impressive performance in recent years, Nigerian stocks closed 2023 in Lagos on Friday, gaining 46.6 per cent or N13 trillion. This means that the market value of equities improved by almost half when set beside that of last year. On Friday, the total value of the 155 equities at the end of trade was N40.9 trillion. A change of government in May had sparked a couple of market-friendly reforms that boosted share prices and drove the benchmark equity index to its all-time high of 74.773.77 basis points at year-end. But the case is different for…
Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. Brent crude futures were up 18 cents, or 0.2%, at $77.33 a barrel at 0126 GMT on Friday, the last trading day of 2023, while the U.S. West Texas Intermediate (WTI) crude futures were trading 11 cents higher at $71.88 a barrel in early Asian trade. At these levels, both benchmarks are on track to close at the lowest year-end levels since 2020, when the pandemic…
Central Bank of Nigeria (CBN) has issued operational guidelines on virtual assets service providers (VASPs) to all banks and other financial institutions (OFIs). Released on Friday, the guidelines are contained in a circular dated December 22, 2023, and signed by Haruna Mustapha, CBN’s director of the financial policy and regulation department. According to the CBN, VASPs means any entity that conducts exchange between virtual assets (cryptocurrencies) and fiat currencies, and transfers of virtual assets. The development signals a shift from CBN’s initial position which restricts crypto transactions. In February 2021, CBN issued a circular to deposit money banks (DMBs), non-bank…
No matter who you are, you won’t become successful overnight — and the sooner you internalize that, the better, says film director Spike Lee. “One of the worst lies that’s been told to young people is that there’s a thing called ‘overnight success.’ That’s done a lot of damage to people,” Lee, 66, said at the 2023 LinkedIn Talent Connect Summit in New York earlier this year. “It’s not like you’re just out there, and the hand of God is going to come down from the heavens and say, ‘You are the next one.’ That is BS.” For even the…
April 15, 2024

Investors on NGX lose N633bn as banks’ recapitalization bids induce negative sentiments

Investors have continued to backpedal on the stock market, especially in the banking sector, on…
April 12, 2024

At cost totaling the 2024 budgets of the 36 states plus FCT, Lagos-Calabar project is…

Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, has…
April 14, 2024

I've spent 25 years studying the brain—I never do these 4 things that destroy our memory as we age

As a neuroscientist, I've spent the last 25 years researching the science of memory. A…
April 13, 2024

A new camera can undress people almost in real time—to send a message about AI

Nuca, a new deepfake camera, is an art project that shows how artificial intelligence can…
April 15, 2024

Contrary to Betta Edu’s claim, EFCC says no suspended officials in Humanitarian Ministry cleared as…

Economic and Financial Crimes Commission (EFCC) says it has discovered other fraudulent dealings involving Covid-19…
April 15, 2024

What to know after Day 781 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine's top commander says Russia aims to capture Chasiv Yar by May 9…
April 15, 2024

Winning funding proposals written by generative AI: Should that matter to you?

Generative AI is getting better every day. We now have ChatGPT4, Claude 3, Gemini, Perplexity,…
April 10, 2024

Nigeria’s Super Falcons qualify for 2024 Olympics at South Africa’s expense

Super Falcons of Nigeria have qualified for the women’s football event of the 2024 Olympics…

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