Businesses with a strong customer relationships are often successful. That’s why acquiring these connections is a critical part of building the loyalty of an audience. If you’re responsible for managing relationships with customers at work, knowing how to sustain and strengthen them can help you achieve long-term business goals. In this article, we will be …
Do you know Just about anyone can start a business? Yes, but the main factor is maintaining the business to be a success. Once you fill out a few forms, get the permits or licenses you need, offer a great product or service, and advertise it, it’s safe to say you’re a business owner. Running …
Lagos, Ondo and Bayelsa states recorded the highest rate of inflation in March 2023. This was according to the latest National Bureau of Statistics data on inflation across the country, which was released on Saturday 15th of April 2023. According to the National Bureau of Statistics, Nigeria’s major inflation rate for March 2023 rose to …
The Federal Government of Nigeria, on Thursday 13th of April 2023, said the amount spent on subsidizing Premium Motor Spirit (PMS), popularly called petrol, between 2005 and 2021 was N13 trillion, adding that the country lost a total of N16.3trilion to oil theft from 2009 to 2020. The government made this known to the general …
The Apex bank in Nigeria (Central Bank of Nigeria) has made a new proposition that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account. This is contained in the recently released exposure draft of guidelines on the Management of Dormant individual bank Accounts, Unclaimed …
The incoming administration after the regime of the President, Major General Muhammadu Buhari (retired.), will commence the repayment of the $800m loan approved by the World Bank as subsidy benefit. As of last week, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, revealed to State House correspondents and representatives that the Federal …
Despite the potential the government has to take millions of people out of poverty through employment and wealth creation, Nigeria’s manufacturing sector is bedeviled by major problems that have continued to stall industrialization in Africa’s largest economy. Major problems such as foreign exchange scarcity, high borrowing costs, inadequate infrastructure, policy inconsistency, and insecurity have left …
The country’s economic growth in 2023 is at risk of being brittle, with oil production remaining short and the new administration facing multiple policy challenges, says a new report by the World Bank. The new major report, titled ‘Africa’s Pulse: An Analysis of Issues Shaping Africa’s Economic Future’, noted that the Nigerian economy is set …
Nigerian manufacturers and entrepreneurs are hit hard by a hostile operating environment and lots of taxes, which makes production costs high and competitiveness very low. Major manufacturers who spoke to news outlets said unless there is a well-defined approach to resolving key limitations to reduce cost of local production, the nation will continue to rely …
Vice President Yemi Osinbajo, on Monday in London, United Kingdom claimed the lingering war crisis between Europe giant Russia and Ukraine should be a wake-up call for African nations to prioritize self-sufficiency in food production. He also said digitization and civilization remains Africa’s best opportunity to make considerable progress in the global scheme of things. …