BUSINESS

The CBN has Prohibited Banks from Laying-Off their Workers

The Central Bank of Nigeria and the Bankers’ Committee have agreed to halt the retrenchment of bank staff in the country. The decision applies to both part-time and full-time workers. This was disclosed in a press release issued by Isaac

COVID-19: How to Prepare Your Workplace for Post-Lockdown Return

As the government begins to lift restrictions on business operations, employers and their staff will want to know how to transit to a safer way to work at their offices.  Various states have adapted the general guidelines issued by the

Fintech Startup Okra Gets $1 Million Investment from TLcom

Okra, a relatively young fintech startup based in Lagos, Nigeria, has gotten backing worth $1 million from venture capital group TLcom. Founded in 2019, the startup has gained traction for its API product, which connects users’ bank accounts to digital

Do You Know The Nigerians On The 2020 Forbes List?

Recently, Forbes released its annual exclusive billionaires ranking with only 4 Nigerians – Aliko Dangote, Mike Adenuga, Abdul Samad Rabiu and Folorunsho Alakija – making the highly coveted list. Amongst the four, Aliko Dangote, President of Dangote Group retained his

The Top Concerns of Nigerian Businesses in the COVID-19 Pandemic

Nigerian businesses say that their top COVID-19-related concerns are the availability of cash to pay their bills and the safety of their staff. That’s according to a report published by PwC Nigeria. The firm disclosed this at a webinar it

How Helium Health is Transforming Healthcare Delivery in Nigeria

For many Nigerians, a visit to the hospital involves waiting long hours to see a doctor. It might also mean that their records have to be retrieved from among mountains of files. This reliance on paper records makes patient management

What Do Negative Oil Prices Mean for Nigeria’s Economy?

On Monday, April 20th, the world watched history unfold with dropped jaws: crude oil sold for below $0. If this doesn’t make sense to you, you’re not alone. Not many people understand how a thing could sell for minus $40,

COVID-19 Lockdown: How E-commerce company is sustaining jobs and powering social life

One of the major fallouts of the COVID-19 pandemic is the massive restriction of human and vehicular movements in the most affected countries of the world. Governments, in their bid to curtail the spread of the disease, have enacted various

10 Ways to Protect Your Business Against Coronavirus-Related Cyber Threats

Cyber criminals are on the prowl. These faceless agents are exploiting the uncertainties of the coronavirus pandemic to steal valuable information and resources from their victims. They do this through emails claiming to offer financial aid for pandemic-hit businesses. These

Logistics in Nigeria: Keeping the soul of e-Commerce operational during COVID-19 pandemic

Amidst the evolving strategies and initiatives to halt the spread of coronavirus pandemic around the globe, shifting consumer behaviour to online trade channels and digital platforms can provide the needed incentive to keep people safe and by extension promote the

How the Coronavirus Could Change Business in Nigeria

The COVID-19 pandemic won’t last forever. But it’s going to change a lot of things about business around the world. We will see some of these changes happen in Nigeria. As businesses adjust to the new post-pandemic conditions, they will

5 Businesses That Are Thriving In the Coronavirus Pandemic

In much of the world, commerce has ground to a halt. The COVID-19 pandemic has forced millions of businesses to shut down. Of those that remain open, many have had to scale back their operations, cut costs and drag along

How Businesses Can Recover from a Crisis

Olagoke and Abimbola Balogun both have a lot to share about getting a business back up from crisis. As cofounders of popular fresh food chain SoFresh, the couple has pulled their company out of near-collapse and steered it to tremendous

5 Ways To Keep Your Business Alive In Uncertain Times

Do whatever it takes to stay alive! That was the final advice I got before my meeting with a senior startup CEO ended. This was not the first time I was going through this situation where the future seemed uncertain.

LSETF Halts Loan Repayments For SMEs And Startups In Response To COVID-19

The Lagos State Employment Trust Fund (LSETF) says it is suspending the repayment of loans provided to SMEs and startups in the state. Read mor4e about Covid- 19 Acting Executive Secretary of the LSETF, Teju Abisoye, explained that the moratorium

COVID-19: If You Are Facing A Salary Cut, Here’s How To Respond

The COVID-19 pandemic is battering businesses across the globe. Restrictions to halt its spread have caused commercial activity to shrink. Sales have fallen, revenues plunged, and numerous businesses have closed shop. Some may never reopen. Some can still make it

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