Economy
7 Business Taboos that Every Professional Should Know
Whether it is your normal routine or you want to lure in business investors, the key point here is to trigger their desire and offer convincing proof of a prospective enhancement to their profits.
Somehow, you want your business to grow and expand. While this may seem an obvious thing, there are certain behaviours you must always avoid. Try as much as you can to create a favourable atmosphere within your business to attract funding from investors. With a financially stable business and a promising future, you can sit back and play your favourite online game with friends using your free spins as you watch your business grow.
Business Tips – Avoid These 7 Taboos at Your Peril
Here are 7 business tips to lure the right investors to your business. It would help if you never overlooked them.
- Never Propose To Every Financier within Your Business Database
While there may be many investors out there, not all mean good for your business. It would help if you researched what most individual investors do to follow their business tips and criteria. Note that investors are time conscious and emphasize particular businesses. Reaching up to every financier may limit your chances of understanding which one is likely to be helpful to your business. Pitching to anyone you see on the list is likely to negatively impact your status when you start looking for funding for your subsequent principal idea.
- Don’t Cold Call Every Investor to Request for an Appointment
According to various small business tips, it is always good to seek advice from the investor’s confidant. Further research shows that only 2% may result in an appointment of all the calls you make. Most investors will treat cold calls as spam. Also, in the current setting, many people consider telephone calls a huge disruption.
- Never Assume You Have the Answer to the Big Issue
Why would you want to assume things? It is always good to be realistic and sure when making decisions. Many businesses fail to qualify for funding due to their extremely limited upside. Most investors want to put their money in businesses exhibiting low-risks, enhanced-growth brands, and services for good returns.
Ensure your brand’s solution is research-based, and the issue should be worth resolving. In any case, consumers don’t find any reason for a fix; you shouldn’t expect investors to either. For instance, while people are finding techniques to utilize their mobile devices effectively, others saw the necessity of a remote control device for homes and developed a set of equipment to affordably preset security and temperature functions.
- Shun Industry Discussions
Besides adhering to the various business tips and tricks, listening and sharing ideas with other people is also important. Every business bears its unique terms. At their worst, you will find some terms bastardizing the connotation of certain words and discuss a sense of unwarranted pride. Of course, in a technical or medical field, certain phrases are applied for comprehensive communication. As a startup, you need to be cautious when learning how to apply the phrases correctly.
- Avoid Jumping Into an Already Packed Category
Various startup business tips will help you make the right decision, especially if you contemplate joining an already overcrowded business category. In this case, you must ensure that your business is unique. Within the overcrowded cupcake market, maybe the best way is to distinguish your brand from others by increasing the size a little bit, and hence, the difference.
Always have something that sets your business apart. For instance, how are you going to market your products differently? Make this point clear, particularly if your brand falls into the trendy group.
- Avoid Operating Devoid Of A Net
While others may be taking risks, you should never try that with the investor group. One of the best business tips is practising your pitch until slides aren’t necessary anymore. You can offer it anytime, and you can adjust it immediately, depending on your investor’s interest.
Make sure to analyze your tone within 5 minutes and also get into a 30-minute presentation. Get ready for any questions from your probable investor. The faster you provide precise answers, the higher the chances of luring the investor into your business idea.
- Don’t Allow Your Delivery to Disprove the Intent
The new market research areas include emotion analytics or the information relayed to others regarding the speaker. While you might be made to believe that you are earnest in your presentation, intelligent tone, innovative technology can read your expression and detect how exasperated you are.
Conclusion
Do you intend to be like Thomas Edison, Alexander Graham Bell, Steve Jobs or Elon Musk? It is until you give it a try that you will understand what it takes. The idea here is that if you want to go far with your investment plans, you should try as much as you can to avoid certain habits. As mentioned above, it all lies in being honest with yourself and working out things correctly.
Before we go, we would also like to answer any burning question about these business taboos. Would you mind letting us know about your past experiences and your feelings about the above-mentioned business tips? Your success is our success; let’s move together!
Edward is enthusiastic about assisting businesses, especially local firms, in developing a more personal online relationship with their consumers and prospects. While trading and market research is his strong USP, his expertise in finance works like an added charm to his credentials! He is a finance genius!
By Adedapo Adesanya
The Senate has passed a bill to repeal and re-enact the law establishing the National Insurance Commission (NAICOM), paving the way for the regulatory agency to be renamed the Insurance Regulatory Commission (IRC).
The legislation, titled the Insurance Regulatory Commission (Establishment) Bill, 2026, was passed after the Senate considered and adopted the report of its committee on banking, insurance and other financial institutions.
The Chairman of the committee, Mr Adetokunbo Abiru, the senator representing Lagos East, who presented the report, stated that the proposed legislation was necessary because the existing National Insurance Commission Act of 1997 had become outdated and no longer reflected the realities of Nigeria’s evolving insurance industry or global regulatory standards.
According to the Senate, the decision to change the Commission’s name was informed by the need to eliminate confusion associated with the existing designation and to better reflect the institution’s regulatory mandate within Nigeria’s insurance industry.
The bill also provides legal protection for the commission and its officers against adverse claims arising from the lawful execution of their statutory duties.
However, he noted that the commission’s enabling law had become obsolete, exposing significant regulatory gaps that required urgent legislative intervention.
‘The current National Insurance Commission Act 1997 is outdated and does not adequately address the emerging economic growth, needs and development of the insurance business,” the lawmaker said.
He explained that the new legislation seeks to strengthen the independence of the commission by empowering it to make regulatory decisions without undue influence in the country’s insurance sector.
According to him, the bill also enhances the commission’s authority to exchange information and collaborate with domestic and international regulatory bodies, issue regulations, guidelines, standards and directives on insurance-related matters, and intervene more effectively in financially distressed insurance companies to protect policyholders and preserve financial stability.
This marks yet another move to strengthen the country’s insurance sector following the enactment of the Nigerian Insurance Industry Reform Act (NIIRA) of 2025 and the industry-wide recapitalisation exercise, which will wrap up by July 31.
By Adedapo Adesanya
About 143 companies that successfully passed the technical and prequalification stages of the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) 2025 Licensing Round will, today, compete for 50 oil and gas blocks at the commercial bid conference in Abuja, the final stage in the allocation process for the assets.
The commission said only the prequalified companies have been invited to attend the event, which will hold at the Conference Centre of the Transcorp Hilton Hotel, Abuja, stressing that participation is strictly by invitation.
The commercial bid conference will determine the successful bidders for oil and gas assets located across Nigeria’s producing and frontier basins.
The 50 blocks comprise 16 onshore blocks and 18 shallow water blocks in the Niger Delta, one deep offshore block, three onshore blocks in the Benin Basin, four in the Anambra Basin, four in the Chad Basin, and four in the Benue Trough.
According to the commission, the winning bids will be determined through a transparent evaluation process based on clearly defined commercial parameters. These include the signature bonus offered by bidders, the proposed work programme commitment and the level of performance security provided. The final selection will be based on a weighted technical and commercial score.
The licensing round is being conducted under the provisions of the Petroleum Industry Act (PIA) 2021, which requires a transparent and competitive process for the award of petroleum assets.
NUPRC had announced the commencement of the 2025 Licensing Round on November 11, 2025, before opening the online bid portal on December 1, 2025, to enable interested companies to register and participate in the exercise.
To ensure prospective investors fully understood the requirements, the commission organised a pre-bid conference on January 14, 2026, at Eko Hotels and Suites, Lagos. The event provided detailed explanations on the licensing guidelines and bidding procedures to registered participants and other stakeholders.
Registration and submission of prequalification documents closed on February 27, 2026, while the prequalification evaluation was completed on March 16, 2026.
NUPRC disclosed that 286 companies initially submitted applications for prequalification.
Following the evaluation process, 196 companies were cleared to participate in the technical and commercial bid stages.
The prequalified 143 companies eventually submitted a total of 200 bids for the available oil and gas blocks. These companies are now set to compete at the commercial bid conference, where the financial offers will be opened and evaluated to determine the eventual winners.
The licensing round is expected to attract fresh investment into Nigeria’s upstream petroleum sector, boost exploration activities across both producing and frontier basins, increase crude oil and gas reserves, and support the country’s drive to grow production and government revenue.
It also underscores the regulator’s commitment to implementing a transparent, competitive and investor-friendly licensing regime under the Petroleum Industry Act.
By Adedapo Adesanya
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained all key monetary policy parameters following the conclusion of its two-day meeting on July 21, 2026, on Tuesday, maintaining its tight monetary policy stance to curb inflation and support macroeconomic stability.
According to the Governor of the apex bank, Mr Yemi Cardoso, who chaired the committee, the Monetary Policy Rate (MPR), which serves as the benchmark interest rate, remains at 26.50 per cent. The MPC also retained the asymmetric corridor around the MPR at +50 basis points and -450 basis points.
In addition, the Cash Reserve Ratio (CRR) for commercial banks was left unchanged at 45.00 per cent, while the CRR for merchant banks remains at 16.00 per cent. The committee also retained the CRR on non-Treasury Single Account (Non-TSA) public sector deposits at 75.00 per cent, with the liquidity ratio at 30.00 per cent.
The decision reflects the apex bank’s continued commitment to containing inflationary pressures through a restrictive monetary policy while safeguarding the resilience of Nigeria’s financial system amid ongoing macroeconomic adjustments.
By keeping all policy tools unchanged, the MPC signalled its intention to continue managing excess liquidity in the banking sector and maintain stability in financial markets.
The move is also expected to provide greater policy certainty for investors and businesses monitoring the country’s monetary policy direction.
The latest decision also means borrowing costs are likely to remain elevated in the near term as the central bank continues to prioritise price stability over monetary easing.
Analysts had expected the CBN committee to retain the rate after Nigeria’s headline inflation came in at 15.91 per cent as of June 2026, marking a slight decline from 15.93 per cent in May.
However, even as overall price growth has moderated significantly compared to previous periods, food inflation remains a persistent challenge, accelerating to 17.52 per cent in June.
