The completion of the Dangote Petroleum Refinery and Petrochemicals in Lagos State is a groundbreaking event, one that brings great pride to Nigeria, with great prospects of helping the nation experience transformations in the petroleum sector. President Muhammadu Buhari will on Monday commission the plant which is arguably Africa’s biggest oil refinery and the worlds … Continue reading Dangote Refinery: Facts about Africa’s biggest oil refinery
Tag: Business
Why Profitable Businesses Fail
S.T. soap used to be a household brand name back then, but here is what happened that made the brand go into extinction. In 1979, with only Five Thousand Naira (N5,000), Alhaji Safiriyu Tiamiyu started S.T Soaps Limited from his home and later built a state-of-the-art factory in Ijebu-Mushin, Ogun State. Despite his limited education, … Continue reading Why Profitable Businesses Fail
Factors that Influence a Company’s Decision to Invest
Let’s look at why and how companies choose to invest in foreign markets. Simply purchasing goods and services or deciding to invest in a local market depends on a business’s needs and overall strategy. Direct investment in a country occurs when a company chooses to set up facilities to produce or market their products; or … Continue reading Factors that Influence a Company’s Decision to Invest
International Trade, Concepts and Theories
International trade theories are simply different theories to explain international trade. Trade is the concept of exchanging goods and services between two people or entities. International trade is then the concept of this exchange between people or entities in two different countries. People or entities trade because they believe that they benefit from the exchange. They may … Continue reading International Trade, Concepts and Theories
Co Down businessman accused of £430k motorhomes fraud
A Co Down businessman has been accused of defrauding more than a dozen people of cash and motorhomes worth over £400,000. Lancelot William Walker (60) is charged with 16 offences alleged to have been committed between August 2005 and August 2008. Walker, of Ballynahinch Road in Carryduff, is a former director of a motorhomes firm … Continue reading Co Down businessman accused of £430k motorhomes fraud
International trade and business
Photo by Anton Uniqueton on Pexels.com It’s easy to think that trade is just about business interests in each country. But global trade is much more. There’s a convergence and, at times, a conflict of the interests of the different stakeholders—from businesses to governments to local citizens. In recent years, advancements in technology, a renewed … Continue reading International trade and business
Alibaba jumps on AI chatbot bandwagon
Chinese tech heavyweight Alibaba Group Holding Ltd on Tuesday unveiled its artificial intelligence-powered large language model — Tongyi Qianwen — which it plans to integrate into all of its applicable businesses, joining the chatbot race to offer a potential rival to ChatGPT. Alibaba Cloud, the cloud computing unit of Alibaba, will offer more enterprises access … Continue reading Alibaba jumps on AI chatbot bandwagon
Top Chinese cities for global business and tourism
China is a great country in the world with a lot of Industrial Cities! It has a brilliant past. Archeological findings indicate that human beings lived in this region 250000 years ago! It is outstanding! There are different landscapes, such as mountains, rivers, green places, and immense deserts. Great Wall of China is famous globally, and almost … Continue reading Top Chinese cities for global business and tourism
Man Utd sale process enters final round
The sale of Manchester United has moved into a third and final round of bidding, sources have confirmed. The bidding process, managed by American investment bank Raine Group who oversaw the sale of Chelsea, has invited a certain number of bidders to make third and last offers by April 28. There is also a deadline … Continue reading Man Utd sale process enters final round
Mike Tyson recommends best weed for NBA players
Boxing legend Mike Tyson is well aware that NBA players will no longer get tested for marijuana and is giving them some pointers on which cannabis strain to smoke when they want to stay active. Tyson, 56, spoke with TMZ Sports on Wednesday to promote his weed company called Tyson 2.0, claiming his product is better than most. "I would prefer [NBA players] … Continue reading Mike Tyson recommends best weed for NBA players
China-EU trade and economic cooperation still resilient and dynamic – Research
In its East Asia and the Pacific Economic Update for April 2023, titled "Reviving Growth," the World Bank forecast that the projected slowdown in growth in advanced economies may be largely offset by signs of revival in China's economy. This was reflected in the fact that heads of state and chief executives of global corporations … Continue reading China-EU trade and economic cooperation still resilient and dynamic – Research
The Power of Chat Can Improve Engagement and Sales Effectiveness
Photo by Pixabay on Pexels.com Financial institutions have been increasingly using chat functionality for customer engagement in recent years, whether on mobile apps, within online banking, or on their website. The research indicates that the extent to which organizations effectively leverage this functionality varies. For instance, the greatest usage of high-level chat communication is evident … Continue reading The Power of Chat Can Improve Engagement and Sales Effectiveness
5 French banks raided in alleged tax fraud investigation
Authorities raided the Paris offices of five banks Tuesday on suspicion of tax fraud, French prosecutors said. The raids come as part of five preliminary investigations opened in December 2021 on allegations of money laundering and tax fraud linked to dividend payments, the French National Financial Prosecutor’s Office said in a statement. Prosecutors didn't specify … Continue reading 5 French banks raided in alleged tax fraud investigation
UFC and WWE combine to form $21.4 billion sports entertainment company
WWE and the company that runs ultimate fighting championship will combine to create a $21.4 billion sports entertainment company. A new publicly traded company will house UFC and World Wrestling Entertainment brands, with Endeavor Group Holdings Inc. taking a 51% controlling interest in the new company. Existing WWE shareholders will hold a 49% stake. The companies put the enterprise value … Continue reading UFC and WWE combine to form $21.4 billion sports entertainment company
What is international marketing?
Photo by Mikhail Nilov on Pexels.com While we are attempting to understand and define International Marketing, it may help to go back to our basic definitions of ‘Marketing’, and the concepts that we learned in one of our introductory marketing courses. Noted Harvard Professor of Business Theodore Levitt, states that the purpose of all business … Continue reading What is international marketing?
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