Tag: Business
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No business can survive without generators in Nigeria – AfDB President, Adesina
President of the African Development Bank Group, Akinwumi Adesina, on Tuesday lamented that a paucity of energy was negatively affecting the growth of Nigerian industries.
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What is Business Strategy and Why It Is Important
In the business world of Nigeria, skilled specialists are obsessed with tactics since they help them achieve nondurable goals. But if you only focus on the short run, then you do not spend enough energy, effort and time to achieve long-term success. Fortunately, strategizing will help you achieve both short-run and long-term
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Why LG is shutting down its mobile phone business
The South Korean electronics manufacturer, LG is closing its loss-making mobile phone business. The board of directors approved the move on Monday, LG Electronics said in a statement released in Seoul. The shutdown of LG’s mobile phone sector is expected to be completed by the end of July. “LG’s strategic decision to exit the incredibly…
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Finding a Nexus between Show and Business with The Africa Soft Power Project – Toni Kan
The creative industry is affectionately referred to as the showbiz (show business) industry and for good reason mostly on account of the overwhelming image of glamour and stardom. With Nigerian music and movies cornering large swathes of the global market (Nollywood, the local variant, is considered the 3rd globally, ranked just next to Hollywood and…
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Just in: CBN retains lending rate at 11.5%
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this after the committee’s two-day meeting in Abuja on Tuesday. It also retained the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.…
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Exploring a new model for cooperation between business and society, By Nonny Ugboma
By Nonny Ugboma The hand-me-down capitalism models Africa inherited from her colonial masters have failed to yield a prosperous continent despite its vast resources. Therefore, Africa is in desperate need of something different that takes into consideration its unique history, qualities, and context. Experts have mostly seen the interdependence of businesses and society as transactional,…
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South-West IPMAN directs members to sell fuel at N150 per litre
The South West chapter of Independent Petroleum Marketers Association of Nigeria has directed all its members in the zone to henceforth, increase the pump price of Premium Motor Spirit, otherwise known as petroleum to N150 per litre. The official pump price had been N143 per litre. IPMAN South-West Zonal chairman, Alhaji Dele Tajudeen, who spoke…
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Doing business differently amid COVID-19 pandemic, By Ehi Braimah
Since the lockdown began on account of the global coronavirus pandemic, online meetings and virtual events to last a life time have taken place. This new cultural moment has inspired what is now popularly called “new normal” — a brand new world that is creating endless possibilities for online engagements and increasing opportunities for e-commerce.…
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Meet Nollywood divas with side businesses you won’t expect
Nollywood actresses are looking beyond showbiz to create wealth for themselves and their personal brand. These days it is rare for you to find a Nolywood actress without a side business. From Omotola to Genevieve and Rita Dominic, these damsels are building their empires beyond the reach of entertainment. Mercy Aigbe Asides being…
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NNPC to deepen business portfolios in power, medical, others
…Mulls partnership with developers to reduce nation’s housing deficit As part of measures to cope with the boom and bust cycle in the global crude oil market and to sustain revenue generation for the Country, the Nigerian National Petroleum Corporation (NNPC) is firming up a bouquet of business portfolios in the power, medical, housing and…