Connect with us

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

4 months ago

on

Spread the love

 

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)

 

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

DANGOTE REFINERY WILL NOT SELL FUEL BELOW MARKET PRICE —TINUBU PRESIDENCY

Published

1 day ago

on

September 6, 2024

By

Spread the love

 

The Nigerian Presidency has said that Dangote Refinery will not sell its product including Premium Motor Spirit (PMS) below the official market price.

On Tuesday, Aliko Dangote, the Chairman of the Dangote Group, formally declared the commencement of petroleum production at his highly anticipated refinery. This significant milestone marks a major breakthrough in Nigeria’s energy landscape.

During the announcement, Mr. Dangote revealed that the pricing strategy for the refined petroleum products would be determined through collaborative efforts between the Federal Executive Council (FEC) and the Nigerian National Petroleum Company (NNPC) Limited.

 

Continue Reading

Business

FG to allow Dangote Refinery fix petrol price – Report

Published

2 days ago

on

September 5, 2024

By

Spread the love

 

The Federal Government is reportedly set to allow Aliko Dangote’s refinery to fix petrol prices.

This is according to a report from Bloomberg.

Recall that the Dangote Refinery on Tuesday began the production of long-awaited petrol, a development that is a major milestone in Nigeria’s energy sector.

Since then, many Nigerians have been keen to find out the price at which the businessman will sell his petrol.

However, Aliko Dangote has stated that it is not his role to set petrol prices; he will leave that responsibility to the Federal Government.

His primary focus is to ensure that petrol is available.

But Bloomberg reports that the Dangote Refinery, located in Ibeju Lekki, Lagos, with the approval of the Nigerian Government, will begin setting prices for petroleum marketers starting next month (October).

This marks a significant departure from the current practice where the state-owned NNPC Ltd. has been the sole price setter.

Previously, NNPC sold gasoline below market value to mitigate price increases, but it recently raised the price to align more closely with market rates.

Government officials have indicated that Dangote’s refinery will determine its own pricing strategy, and oversight will be limited to ensuring product quality and preventing exploitation.

“Dangote Refinery will certainly not sell their products below market value as a business that was set up to make profit,” a government spokesman Temitope Ajayi told Bloomberg.

“I don’t see how NNPC or the federal government will control price for a private business,” he said.

“Going forward, petrol marketers will be allowed to buy products directly from the Dangote Refinery.” another source said.

The shift comes amid widespread gasoline shortages and substantial debts incurred by NNPC, which has disrupted supply.

The Dangote Refinery is projected to produce around 330,000 barrels of gasoline daily, surpassing 1% of global demand, potentially stabilizing the local market and reducing Nigeria’s dependency on imports.

Continue Reading

Business

Federal Government Will Determine Price Of Our Petrol- Dangote

Published

4 days ago

on

September 4, 2024

By

Aliko Dangote
Spread the love

Federal Government Will Determine Price Of Our Petrol.

“On PMS price, it is an arrangement that is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu.

As soon as it is finalized, which is what he is pushing once he finishes with FEC meeting, it can be today or Tomorrow we are ready to roll out in the market”

ALIKO DANGOTE

Continue Reading

Trending