Business News

Tuesday, 11 October 2022 06:20

Dangote, Bello meet in Aso Villa over Obajana Cement Plant

Aliko Dangote, president of the Dangote Group, on Monday, attended a meeting involving Yahaya Bello, governor of Kogi, at the presidential villa. The meeting, which also had in attendance Ibrahim Gambari, chief of staff to the president, and Abdullahi Sule, governor of Nasarawa, is over the recent tussle for ownership of the Dangote cement factory in Obajana, Kogi state. The meeting started around 4pm. The development comes days after the Kogi house of assembly ordered the sealing of the factory following agitations by indigenes who raised questions about the ownership of the company. However, during an attempt to seal the…

Tuesday, 11 October 2022 06:16

Use this Olympian’s ‘Rule of Thirds’ to chase your big dreams

Runner Alexi Pappas's big dream was to compete in the Olympics. Your dream might be worldwide business success or just to run the most beloved little coffee shop in your hometown. But whatever vision you're chasing, a lesson Pappas once learned from her coach can help you get there. Running might seem far removed from entrepreneurship, but actually tons of founders, executives and even researchers insist that running can teach essential lessons in overcoming hardship, sticking with big goals and mental toughness. So when I came across a piece in blog The Cut interviewing three top international female runners about…

Monday, 10 October 2022 06:04

Nigerians to pay more for cooking gas for these reasons

There are indications that gas prices will further rise and Nigerians may pay more as marketers have hinted that the high exchange rate of dollar to naira is having a negative impact on importation. National Operations Controller, Independent Petroleum Marketers Association of Nigeria, IPMAN, Mike Osatuyi, in a chat with our correspondent, said independent marketers sourced dollars for importation from the black market, hence, gas price would continue to increase until naira strengthened at the exchange market. “Our members, who still sell gas, bought 20,000 metric tonnes at around N11 million last month, but now, the price has jumped to…

Monday, 10 October 2022 06:02

Nigeria’s exports of key fertilizer input jumped 400 percent, with N516.5bn revenue in Half 1, 2022 - NBS

Nigeria’s exportation of urea has increased by more than 400 per cent in the first half of this year when compared to the same period in 2021. According to the Foreign Trade in Statistics, released by the National Bureau of Statistics (NBS), urea moved to the third position of Nigeria’s top traded exports with N208.3bn in the first quarter and N308.1bn in the second quarter, N516.5bn cumulatively. But in the first half of 2021, the commodity named ‘Urea, whether or not in aqueous solution,’ was in the eighth position with N31.3bn exported in Q1 of 2021 and N30.7bn in Q2…

Monday, 10 October 2022 05:57

Cashless policy receives boost as e-payment increased 26 percent in first 9 months of 2022 - NIBSS

Banks network malfunction, among other factors, contributed to N396.18billion or 1.19 per cent decline in Nigeria Inter-Bank Settlement Systems (NIBSS) Instant Payment Platform (NIP) to N32.84 trillion in September 2022 from N33.2 trillion reported by NIBSS in August 2022. The latest data released by NIBSS revealed that total value of transactions worth N271.56 trillion were performed electronically in nine months of 2022, an increase of 26 per cent when compared to N215.76 trillion reported in nine months of 2021. NIBSS NIP is an online real-time Inter-Bank payment solution developed by NIBSS and Banks, Other Financial Institutions (OFI). Customers prefer funds…

Monday, 10 October 2022 05:53

Apple secretly uses these 3 interview tests to easily separate candidates

To identify truly top talent, the tech giant looks to what many overlook. It's no secret that Apple is known as one of the world's top employers, which in turn attracts some of the world's top talents. Being in the fortunate position of receiving a high volume of applicants, the tech giant faces the challenge all hiring managers face, but on a large scale: How to quickly weed through candidates that seem great on paper to discover the best fit for the real world. Apple has found the solution--and it's been brilliantly using it under the radar. To find the…

Saturday, 08 October 2022 06:15

Glo launches payment service MoneyMaster

Globacom has launched a payment service bank unit, MoneyMaster PSB, to foster financial inclusion. In a statement on Friday, the telecommunication firm said the aim of the launch was to empower Nigerians by providing them with unlimited opportunities. MoneyMaster was granted a payment service bank licence by the Central Bank of Nigeria (CBN) in 2020. Announcing the launch on Friday, Globacom said the PSB is expected to facilitate payment and remittance services within Nigeria, accept deposits from individuals and small businesses as well as issue debit and prepaid cards. The company added that MoneyMaster would also operate electronic wallets, inbound…

Friday, 07 October 2022 06:04

Choose your words carefully to transform your mindset (and your success)

Our experiences lead to our beliefs; our beliefs lead to our actions; and our actions lead to our results. How we use words is one of the best indicators of our beliefs. I've come to notice that so much about how we believe can be gleaned through what we say. Certain words predict how likely someone is to be proactive or reactive, positive or negative, and accountable or blaming. If we make the conscious choice to manage our language, it can have a major impact on our mindset — and in turn, our success. Here are a few examples. 1.…

Thursday, 06 October 2022 06:42

Oil extends gains after OPEC+ agreed to slash output by 2m bpd

Oil prices rose for a fourth session on Thursday, with Brent at a three-week high, after OPEC+ agreed to further tighten global crude supply with a deal to slash production by about 2 million barrel per day, the largest reduction since 2020. Brent crude futures for December settlement rose 22 cents, or 0.2%, to $93.59 per barrel by 0234 GMT after settling 1.7% higher in the previous session. U.S. West Texas Intermediate (WTI) crude futures for November delivery gained 22 cents, or 0.3%, to $87.98 per barrel, building on a 1.4% rise on Tuesday. The agreement between the Organization of…

Thursday, 06 October 2022 06:32

7 tasks every leader must master

Leading and managing people is a learned skill. If you're seeking to be a better leader and create a high-performing organization, master these seven tasks below: 1. Assess and monitor team climate Climate is about shared beliefs and perceptions of groups regarding the attitudes that characterize the group. Inside an organization, the climate is a bottom-up concept and the responsibility of front-line leaders. Climate can change quickly, depending on the actions of front-line leaders. Climate is different than culture. An organization's culture is defined by the shared assumptions, values and beliefs that govern how people behave in the organization. Culture…

More...

Wednesday, 05 October 2022 05:45

EU approves uniform changer for electronic devices that’ll bring Apple in line

Apple will have to change the charger for its iPhones in the European Union from autumn 2024 to comply with new rules introducing a single charging port for most electronic devices. The reform passed by an overwhelming majority in the European Parliament on Tuesday, the first of its kind anywhere in the world, potentially strengthens the EU's role as a global standard-setter on telephone technology. The vote confirmed an earlier agreement among EU institutions. The new rules will make USB-C connectors used by Android-based devices the standard across the 27-nation bloc, forcing Apple to change its charging port for iPhones…

Wednesday, 05 October 2022 05:43

Twitter shares jump as Musk goes back to purchase deal

Trading in shares of Twitter was halted after the stock spiked on reports that Elon Musk would proceed with his $44 billion deal to buy the company after months of legal battles. For a second time, Musk offered to buy the San Francisco company at $54.20. Shares jumped nearly 13% to $47.95 before trading stopped. Bloomberg News reported Tuesday that Musk made the proposal in a letter to Twitter, according to people familiar with the case who were not identified. Musk has been trying to back out of the deal for several months after signing on to buy the social…

Wednesday, 05 October 2022 05:42

Why we should all be worried about 'chokepoint capitalism'

Ten minutes into our Zoom call, Cory Doctorow’s voice begins to stutter. His internet connection is giving out—first the audio goes, and then the video too. He fiddles with cables for a few minutes while I, halfway across the world, wait behind a black screen. When Doctorow reappears, he tells me a story. The city in California where he lives borrowed money to lay high-speed internet cables to serve businesses in the center of town. But the terms of the deal prohibited the city from connecting the cables to people’s homes. A cable carrying a 100 gigabit-per-second internet connection runs…

Tuesday, 04 October 2022 05:55

Nigeria Sovereign Investment Authority gets new CEO, EDs

President Muhammadu Buhari has approved the appointment of Aminu Umar-Sadiq as the managing director and chief executive officer (MD/CEO) of the Nigeria Sovereign Investment Authority (NSIA). The president also appointed Kolawole Owodunni and Bisi Makoju as executive directors. The appointment of the new MD/CEO follows the expiration of the tenure of Uche Orji, whose tenure expired on September 30, 2022, after serving two five-year terms following his appointment on October 2, 2012. Yunusa Tanko Abdullahi, special adviser, media & communications to the finance minister, said this in a statement made available to TheCable on Monday. The NSIA (Establishment) Act 2011…

Page 71 of 142

Business News

More...

Search

Most Read

Editorial

News

Business

Politics

Opinion

Features

Strangely

Crime

Wars

SCIENCE & TECH

SPECIAL REPORTS

Sports

VIDEOS