News on Business Teller

Welcome to Business Teller. Get the latest about business and how it affects you and let your mind travel on Business Teller.

News on Business Teller

Welcome to Business Teller. Get the latest about business and how it affects you and let your mind travel on Business Teller.

News on Business Teller

Welcome to Business Teller. Get the latest about business and how it affects you and let your mind travel on Business Teller.

News on Business Teller

Welcome to Business Teller. Get the latest about business and how it affects you and let your mind travel on Business Teller.

News on Business Teller

Welcome to Business Teller. Get the latest about business and how it affects you and let your mind travel on Business Teller.

Saturday, 3 August 2013

20 Things 20-Year-Olds Don't Get


I started Docstoc in my 20’s, made the cover of one of those cliché “20 Under 20” lists, and today I employ an amazing group of 20-somethings.  Call me a curmudgeon, but at 34, how I came up seems so different from what this millennial generation expects. 

Hollywood's Highest-Paid Actress



Hollywood is still a boy’s town where the men earn a lot more than the women. But don’t cry for the top female stars: The 10 highest-paid actresses in Tinseltown earned a total $218 million between May 2010 and May 2011, by our estimation.

I named my children before I had them - Interview with Top fashion designer Kehinde Ejiogu



Many people know you as a top fashion designer. How do you describe yourself?
I’ll describe myself as a bespoke professional tailor who specialises in structured garments. I must confess, my clothes fit excellently because I am a well trained designer.

12 fastest growing small business opportunities in Nigeria for 2013



TRANSPORTATION SECTOR
1. Inland water way transport
Inland water way transport is one of the fastest growing business opportunities in Nigeria.

Friday, 2 August 2013

Scientists grow human tooth using stem cells taken from urine



Scientists in China say they have successfully grown a human tooth using stem cells taken from urine.
Researchers say the technique could one day be used as a way to replace teeth lost through aging and poor dental hygiene, with the added bonus that urine is deemed a less controversial source of stem cells than human embryos.

Citigroup, Barclays Target African Millionaires For Wealth Management



Africans with at least $1 million grew by almost 10 percent to 140,000 in 2012 – the fastest rate increase outside North America - and banks doing business in Africa want to manage their money, according to a Bloomberg report.

Disruption in Nigeria causes Shell’s profits to plummet



Shell reported a $2.4 billion (£1.6 billion) profit for the three months to the end of June, down from $6 billion the year before, as the group reeled from a $2.1 billion impairment charge, mostly relating to its US shale oil and gas operations, as well as costs relating to disruptions in Nigeria.

PLANTAIN PAUCITY?



At Falomo market in Ikoyi, Lagos, few steps away from the French Embassy, Plantain seeking motorists manoeuvre to avoid okada (motorcycle) riders and the clamping of cars by zealous road marshals.

Thursday, 1 August 2013

Is there time too early to start planning…mistake most young people make



Starting early in life gives one an edge over others in the financial sphere. Taking financial responsibility early in life is one task that many people below thirty don’t really take seriously, because of the perception that they have time to their advantage.

CSR: Sustainability is business itself – Etisalat CEO



Corporate social responsibility (CSR) initiatives can only make the desired impact on people, community, environment and business if sustainability measures are strategically built into them and implemented.

I’ll start shea butter processing plant in Nigeria – UK-based entrepreneur



Emi & Ben, a natural skin-care company founded in the United Kingdom in 2009, depends on shea butter produced by rural women in Nigeria. Ronke Ige, founder/CEO, Emi & Ben, in this interview with OLUYINKA ALAWODE, speaks on the business and the company’s growth plans. Excerpts:

Wednesday, 31 July 2013

Cooking gas price rises by 16.6%


The price of Liquefied Petroleum Gas (cooking gas) has risen by about 16.6 per cent at most retail outlets in Lagos and Ogun State following the face-off between the major supplier of the product in the country, Nigerian NLG Limited, and the Nigerian Maritime Administration and Safety Agency.

Workers Shut Agip Facility In Delta


Protesting workers of multi-billion Kwale/Okpai Gas Plant in Ndokwa East Local Government Area of Delta State Tuesday paralyzed activities at the oil facility over alleged inhuman treatment by the management of the company.

Discovery of oil in US, India, other places threatens Nigeria


Nigeria’s continued dominance in oil production in Africa may soon be history following current oil deposit discoveries in other African countries.
There are numerous discoveries in sub-Saharan Africa in the last five years, with the majority coming from East African countries like Tanzania, Uganda and Mozambique. By extension, Nigeria’s revenue profile is likely to suf

Lagos begins e-ticketing for BRT buses


The Lagos State Government on Tuesday launched the new electronic ticketing (e-ticket) system for Bus Rapid Transit, BRT, buses in the state.
The e-ticketing system now allows BRT users to pay bus fare as low as N20 within a stipulated distance as against the fixed fare of N70 to N120.

Lagos, Abuja among top 4 most expensive cities in Africa – EIU


Lagos and Abuja have been listed among the top four cities in Africa with high cost of living, according to an index released by the Economist Intelligence Unit (EIU) on 25 African cities.

Excess Crude Account depleted by $7bn – Sanusi


The Governor of the Central Bank of Nigeria, CBN, Mr. Lamido Sanusi yesterday raised the alarm on the Excess Crude Account, ECA, which he said had shrunk by $7 billion from the initial figure of $12 billion early this year.

Obasanjo’s farm to generate 30,000 jobs for Liberians


Liberia’s Minister of Agriculture, Dr Florence Chenoweth, on Sunday said that Obasanjo Farms in Liberia would create about 30,000 job opportunities for the citizens.
Chenoweth made the observation during the dedication ceremony of Obasanjo Farms Liberia Incorporated at Gbah Foboi, Grand Cape Mount County, in Liberia.
She noted that the Liberian government had focus