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HOW TO BOOST BUSINESS PROFITABILITY Want Your Business to Do Well And Make More Profit? Here Are Some Easy Tips I Recommend  • Hire The Right People: Hire People Based on Skills, Not Just Because You Know Them. It Helps Prevent issues in the Long Run And Promotes Professionalism • Understand Your Customers: Know Your Customers Preferences to Provide What They Need And Keep Them Coming Back • Have a Clear Plan: Know Where Your Business is Heading. A Clear Plan Helps You Make the Right Moves • Stand Out with Uniqueness: Offer Something Unique. It Might Take Time, But Being Different Gets You Noticed • Keep Business Separate From Friends: Don't Mix Business with Friendships to Avoid Problems; Focus on Your Business Goals • Be Reliable: Always Provide the Same Good Products or Services And Make Sure Your Business is Open When Customers Expect it to Be • Product First, Competitors Second: Concentrate on improving Your Products or Services instead of Constantly Worrying About what Others...

President Bola Ahmed Tinubu’s government has yet to kickstart payment of N75,000 to vulnerable Nigerians, despite the World Bank confirming disbursing part of Nigeria’s $800 million fuel subsidy removal palliatives loan.   gathered from a World Bank document that the development bank had disbursed $299.99 million, representing 37.5 per cent of the loan, to the Federal Government under the National Social Safety Net Program-Scale Up. The World Bank confirmed that $442.88 million is yet to be disbursed to Nigeria. Recall that to cushion the economic impact of fuel subsidy removal since June 2023, the government unveiled a $800 million Social Safety Net Programme, a conditional cash transfer scheduled to be implemented by the Federal Ministry of Humanitarian Affairs & Poverty Alleviation. With this loan, the Federal Government plans to run a monthly cash transfer programme for poor and vulnerable Nigerians, who have been hit hard by recent policies, such as the fuel subsidy remova...

The Lagos bourse rebounded after the previous sessions’ pullback as the benchmark Index gained 0.78 percent to close at 54,224.35 points. Renewed interest in telco heavyweight, Airtel Africa Plc whose share price gained (+3.85%) pushed the broader index into positive territory. Consequently, the year-to-date (YTD) return rose to 5.80 percent, while market capitalization gained N228.74billion to close at N29.54trillion. Analysis of Monday’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 46.21 percent. A total of 154.63million shares valued at N5.51billion were exchanged in 3,095 deals. GTCO (-0.20%) led the volume chart with 36.68million units traded while AIRTELAFRI (+3.85%) led the value chart in deals worth N2.94billion. Market breadth closed negative at a 1.44-to-1 ratio with declining issues outnumbering advancing ones. VITAFOAM (-7.18%) topped twelve (12) others on the laggard’s log while CO...

Despite the adoption of cashless payment systems across different segments of the country, the Nigerian Railway Corporation has insisted on cash payment for its transactions, especially for fares along its Lagos-Ibadan route. While other businesses are exploring the Point of Sale and online banking services, it was observed that officials of the NRC were not accepting bank transfers, neither were they using the PoS service. When visited the Mobolaji Johnson Station in Lagos it was discovered that ticket officials were only accepting new naira notes. Also, a visit to the Babatunde Fashola Station showed that the ticketing officials accepted only new notes. One of the officials said the management does not allow bank transfers nor deploy the use of PoS machines, stating it was against their policy. A passenger who gave his name as Mr. Ahmed Ogunsanya said he had to pay with the little new notes he had on him with a mixture of N100 notes to gain access to the train, pointing out that tick...

President Muhammadu Buhari has unveiled the redesigned naira denominations of N1000, N500 and N200. He performed the ceremony shortly before the commencement of the weekly Federal Executive Council (FEC) meeting inside the Council Chamber of the Presidential Villa, Abuja on Wednesday. Fielding questions from correspondents after the event, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said the apex bank is determined to make Nigeria a cashless economy. He said the amount of money that can be withdrawn from the counter will be drastically restricted, noting that anyone who wants to withdraw substantial cash would be tracked by security agents to determine its use. He insisted that the January 31st deadline for the exchange of old notes will not be extended, noting that there are over 1 million points in the country where people can deposit their old notes. Emefiele said the apex bank must now regularly redesign currency after every five to eight years.

The amalgamation of unions in the country’s aviation sector has protested against the planned demolition of the head offices of the aviation agencies by the federal government, warning that any attempt to go ahead with this policy will be met with total cessation of works at all the airports in Nigeria. Speaking for the unions yesterday, the Secretary General of the National Union of Air Transport Employees (NUATE), Comrade Ocheme Aba on what the unions termed: ‘That the aviation road map may not become aviation mishap’, the unions called on the federal government and the minister of aviation, Senator Hadi Sirika to urgently halt the demolition plans and other numerous projects already set aside in less than three months the government has. Besides kicking against the demolition of the head offices of the Federal Airports Authority of Nigeria (FAAN), the Nigerian Airspace Management Agency (NAMA) andthe Nigerian Civil Aviation Authority (NCAA) in Lagos, the unions called fo...