Business

Back in my days at FUTO, I had an Ericson phone sold to me by Chidi Justice Onyekwere. It was a reigning phone then with a big screen and stylus. In fact, it was a status symbol then. Chidomere Ndubuisi

Published

1 year ago

May 13, 2024

I used to wear it on my waist with a phone pack and would do shakara with it because the value was so high. I would always bring it out to write notes just to show it off.

But fast forward over twenty years later, that most valuable phone then hasn’t changed, but the world it exists in has changed.

It’s unbelievable how what was perceived as highly valuable yesterday can become almost obsolete today with the simple introduction of newer, better, more attractive, and functionally superior alternatives.

This is a lesson for most businesses to continually evolve to keep up with changes because what works today might not be relevant tomorrow, and staying updated with industry trends is very important.

Businesses that consistently explore new ideas and technologies are more likely to stay ahead of the competition and improve their value in the marketplace.

You will still see how some businesses cling to traditional methods, only paying attention to physical shops even as the world shifts dramatically towards digital platforms.

We had a paid class yesterday about social media monetisation. Many thought it would only be about Facebook monetisation, but it was beyond. You missed a lot if you were not part of the class.

Social media has made a fundamental shift in the business world in how people communicate, gather information, and make purchasing decisions. It’s now the bustling street of today’s business environment.

If your business is not on social media – SORRY FOR YOU. Presently, that is where the conversations are happening, and decisions are influenced.

Maybe we can have the class again to share how your business can get more reach and visibility, improve customer engagement and have cost-effective marketing while building brand personality and trust.

I am the Billionaire Mechanic preaching the business gospel.

***
Follow the Billionaire for more insightful tips and lessons Chidomere Ndubuisi (page) Chidomere Ndubuisi (profile)

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The recent improvement observed in Nigeria’s power sector is attributed to the country’s capacity to produce 5,000 megawatts, according to the Minister of Power, Adebayo Adelabu.

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Blord says “I have been pushing my business myself for the past 8years , Barely paid influencers to advertise for me , My customers are happy becos they choose to love me and do business with me , and i really appreciate them , my brand is too big to be killed by one person, God bless the Blord United

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Business

$300 Helicopter Levy On Oil Coys May Hike Petrol, Diesel Prices …Stakeholders Question Purpose Of $300 Per Landing Charge

Published

3 days ago

June 3, 2025

Ekwutos Blog

LAGOS – There are indications that the prices of oil products may once again skyrocket in Nigeria, following the imposition of $300 helicopter landing levy on oil companies operating in the rigs by the Ministry of Aviation and Aerospace Development.

Also, experts in the Nigerian aviation industry have questioned the choice of NAEBI Dynamic Concepts as the contractor for the collection of the $300 helicopter levy from oil companies, wondering if its selection was passed by the National Assembly or received the approval of the Federal Executive Council (FEC).

They also declared that only the Nigeria Civil Aviation Authority (NCAA) has the right to approve any new charges or levies for operators in the industry and called on the ministry to rescind its decision.

But Mr. Festus Keyamo, the Minister of Aviation and Aerospace Development, has said that the levy was an additional means of generating revenue by the Federal Government.

Besides, there are indications that the affected oil companies may not have been contacted about the directive two weeks after it was issued.

Business

Naira depreciates against dollar at black market

Published

6 days ago

May 31, 2025

Ekwutos Blog

Nigeria’s currency, the naira, recorded depreciation against the dollar at the parallel foreign exchange market to end the week on a negative note.

Bureau de Change operator in Wuse Zone 4, Abuja, Abubakar Alhasan, confirmed to Ekwutosblog that the naira dropped to N1,628 per dollar on Friday from N1,623 traded on Thursday.

“We buy at N1,624 per dollar and sell between N1,628 and N1,630 per dollar due to a surge in demand,” he told Ekwutosblog on Friday.

This means that the naira dropped by N5 against the dollar on a day-to-day basis at the parallel foreign exchange market.
At the black market, this is the fourth consecutive depreciation since Monday, 26th 2025.

Meanwhile, the naira remained flat at the official foreign exchange market on Friday at N1,586.15, the same rate recorded the previous day.

Ekwutosblog reports that in the week under review, the naira recorded more depreciation than appreciation across foreign exchange markets. This showed that the naira weakened by N13 and N5.17 against the dollar at parallel and official foreign exchange markets, respectively, on a week-on-week basis.

The African Development Bank, in its 2025 economic outlook, forecast that the naira and other currencies on the continent would slip by 6 percent in 2025.

Business

12 years old childerije Mbah emerged WEMA Bank One-day MD/CEO

Published

6 days ago

May 30, 2025

Ekwutos Blog

Wema Bank appointed 12-year-old Chiderije Mbah as its One-Day Managing Director/CEO on May 27, 2025, to celebrate Children’s Day and inspire young Nigerians.

Chiderije won the role through a social media challenge by submitting an animated film about making finance fun and accessible for kids

The initiative, part of Wema Bank’s 80th anniversary celebrations, aims to promote early financial education and leadership among children nationwide.

The initiative was welcomed by the bank’s MD/CEO, Mr Moruf Oseni, who loved the inspiring exchange between both generations.