adplus-dvertising
Connect with us

Business News

Naira Gains 0.2%, Trades N416.17 Per Dollar at Spot Market

Published

on

Spot Market

By Adedapo Adesanya

The Naira put up a better performance against the United States Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Thursday, March 31.

According to data from the FMDQ Securities Exchange, the local currency was exchanged at N416.17/$1 yesterday compared with N417.00/$1 it was exchanged on Wednesday. This indicated that the nation’s legal tender gained 83 kobo or 0.2 per cent against the greenback.

After recording losses for two straight trading sessions, the domestic currency returned to winning ways against the British Pound Sterling at the spot market on Thursday, appreciating by N1.33 to trade at N546.46/£1 compared to the previously traded rate of N547.79/£1, while against the Euro, the Nigerian currency also appreciated by N1.99 to close at N462.21/€1 in contrast to the previously quoted rate of N464.20/€1.

However, at the Peer-2-Peer (P2P) segment of the FX market, the Naira sustained its stability against the American currency as it closed flat at N584/$1 yesterday.

Meanwhile, at the cryptocurrency market, it was a free fall as nine of the 10 digital coins monitored by Business Post depreciated.

Litecoin (LTC) dropped 5.1 per cent to trade at N74,204.53, Ripple (XRP) went down by 4.6 per cent to sell at N487.96, Dash (DASH) moved downwards by 3.7 per cent to sell for N74,769.50, Ethereum (ETH) recorded a loss of 2.8 per cent to quote at N1,939,650.01, while Dogecoin (DOGE) also depreciated by 2.8 per cent to trade at N82.89.

Further, Cardano (ADA) recorded a 2.9 per cent depreciation to sell at N686.08, Binance Coin (BNB) went down by 2.7 per cent to trade at N178,877.24, Bitcoin (BTC) saw a 2.6 per cent decline as it sold for N26,600,000.06, while the US Dollar Tether (USDT) went down by 0.1 per cent to quote at N595.86.

But Solana (SOL) reported a price appreciation of 3.9 per cent to finish the session at N74,138.45.

WATCH NOW

DOWNLOAD NOW

Business News

Stanbic IBTC Funds University Education of 100 Students

Published

on

Increase Funding to Education

By Modupe Gbadeyanka A total of 100 students will receive funding support for their university education in Nigeria from Stanbic IBTC Holdings Plc, a member of Standard Bank Group. Each of the undergraduates in 33 universities across the 36 states of the federation and the FCT, will receive scholarships valued at N400,000, which would be […]

WATCH NOW

DOWNLOAD NOW

Continue Reading

Business News

5 lessons on collaboration from Nektunez’s Ameno

Published

on

Nektunez 3

Unless you happened to have spent the last year on the international space station, chances are high that you have heard Nektunez in collaboration with Goya Menor’s song, Ameno (Amapiano remix). The song went from a little blip to a gargantuan earworm it would seem in a matter of days.

Looking at the success the song and the artist has recorded, it is instructive to see how the power of collaboration helped these talented artists reach a level of success they had not achieved as individuals.

There lies the advantage collaboration can give creatives and even businesses. These are five ways you can apply these collaborative tips to your business and life:

Nektunez 2

Find people with complementary skills:

If you asked a group of people whether they liked the Ameno beat or the lyrics better, you would probably get varied responses, that is understandable because the collaborators complement each other perfectly, same for your business goals, to get to the next level, it is best to find someone whose skill set complements yours so you can bring out the best in each other.

Choose people who are looking for the same thing you are and have similar goals:

If you want to go big and elevate your business, the best way is to collaborate with others who are looking for the same thing. You’ve heard the saying there’s strength in numbers right? Well it rings true when it comes to your business as well!

If you want to build something big, it’s good to realize early on who you’re looking for in a partner. This is why networking events or platforms like LetsGo Nation are important because it gives you the chance to explore your goals with other people who have similar interests.

Don’t be afraid of the competition:

If you want to succeed in business and go big, you need to embrace the competition. This is because you’ll learn from them and gain a lot of benefits from them.

The biggest mistake we make with our business is being afraid of the competition. Sometimes seeing a competitor innovate in your sector can seem intimidating. So you start worrying about what’s going on instead of focusing on your own business. Rather, embrace the competition and find ways to learn from them

There are a variety of ways to collaborate.

Collaboration can take many forms and isn’t limited to working with peers, but also with clients, customers, manufacturers and more. The only problem is there are so many ways to collaborate nowadays. The internet is literally here to bring people together and help them find ways to work together on projects they would have never have been able to accomplish alone.

Be open to feedback and criticism.

You can bet Nektunez got feedback on the song before it was released, the key is to be open to this feedback and effect the changes you need to make.

There are going to be times when you feel like you’ve hit a brick wall and can’t break through it. This is when it is best to open up your heart and mind and listen to what others have to say.

Making connections is crucial if you want to succeed in a creative field. We discussed how businesses and creatives can achieve more success through collaboration. Not only will you save money, but you’ll also have the opportunity to learn from your peers and grow as a business person or a creative person. It’s a win-win for everyone involved! For the best way to financially collaborate and go big with your business, it is time you collaborate with Letshego through the LetsGo Mall of channels for reaching you. Visit http://letsgo.letshego.com/ to learn how to go big with us.

... 5 lessons on collaboration from Nektunez’s Ameno Read More on ... Naijaonpoint.

WATCH NOW

DOWNLOAD NOW

Continue Reading