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Ernest Ndukwe resigns from Access Bank board

by Ikokwu Ikembaon November 6, 2019
Access Bank Plc, on Tuesday, announced the resignation of Dr Ernest Ndukwe as an independent Non-Executive Director from its board. This was contained in a statement issued by Mr Sunday Ekwochi, the bank’s Company Secretary and posted on the Nigerian Stock Exchange (NSE) website. “The Board of Directors of Access Bank hereby announces that Ndukwe […]

Air Peace Aircraft Carrying 96 Persons Experiences Engine Failure Mid-air

by Ikokwu Ikembaon November 5, 2019
Barely a week after Bristow Helicopters experienced engine failure mid-air, another Nigerian carrier, Air Peace, on Tuesday had an engine failure few minutes after departing Lagos. It was gathered that the Air Peace aircraft, a Boeing B737-500 with the registration number 5N-BUJ, which departed the Murtala Muhammed Airport Lagos for Owerri, Imo State, made an […]

Study: The future of hotels – what a world!

by Ikokwu Ikembaon November 5, 2019
Hotels. Will we even have them in twenty, thirty, forty years? Maybe by then we’ll only be traveling virtually? Or maybe we’ll be flying from place to place with our own individual hotels, landing wherever we feel like? Who knows?Actually, that’s not a rhetorical question: A study by Villeroy & Boch has some pretty clear […]

Fired McDonald’s CEO gets to keep US$37M in stock awards

by Ikokwu Ikembaon November 4, 2019
Former McDonald’s Corp. Chief Executive Officer Stephen Easterbrook, who was fired for having a relationship with an employee, was allowed to keep stock awards worth more than US$37 million as well as US$675,000 severance and health insurance benefits. Easterbrook, 52, will get to keep unvested stock options worth about US$23.5 million and possibly benefit from […]

McDonald’s CEO resigns over consensual relationship with employee

by Ikokwu Ikembaon November 4, 2019
McDonald’s chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment, and that McDonald’s forbids managers from having romantic relationships with direct or indirect […]

Jan 31 not terminal date for border closure ~ Customs

by Ikokwu Ikembaon November 4, 2019
The Nigeria Customs Service has said January 31, 2020 contained in a leaked memo is not terminal date for the border closure. The Public Relations Officer, NCS, Mr Joseph Attah, confirmed the development in a telephone interview with one of our correspondents on Sunday. Attah said January 31, 2020 was only the end of the […]