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 […]

CBN to recover N36bn loans from N’East farmers

by Ikokwu Ikembaon November 4, 2019
The Central Bank of Nigeria has inaugurated a committee in all local governments in the North-East to recover N36bn loans advanced to farmers. The loan facility advanced to the farmers through the North-East Commodity Association is part of the Anchor Borrowers Programme of the Federal Government. Inaugurating the committee for Borno State and its 27 […]

BREAKING| Google buys Fitbit for $2.1bn

by Ikokwu Ikembaon November 3, 2019
Google will pay $7.35 per share for Fitbit, a wearables company in an all-cash deal that values Fitbit at $2.1bn. Relatively speaking, this is a great landing for Fitbit, as reported by TechCrunch. The company’s price has fluctuated significantly as it worked to adjust to a changing market and fumbled on some of its more […]

Nigerian Billionaire Abdulsamad Rabiu To Merge Obu Cement, CCNN

by Ikokwu Ikembaon November 1, 2019
BUA Group, a conglomerate controlled by Nigerian billionaire Abdulsamad Rabiu, has announced plans to merge its privately owned Obu Cement with the publicly traded Cement Company of Northern Nigeria Plc (CCNN), to create Nigeria’s second largest cement producer. Cement Company of Northern Nigeria PLC in which Rabiu owns more than 97% currently produces 2 million […]

MALABU SCANDAL: Jonathan’s bodyguard’s identity generates confusion in Italian Court

by Ikokwu Ikembaon October 31, 2019
The identity of an alleged security aide to a former Nigerian President, Goodluck Jonathan, generated ripples at an Italian Court on Wednesday as hearing resumed on the controversial Malabu oil deal. Victor Nwafor – said to be a security aide of Mr Jonathan – was alleged to have informed a former manager of Eni and […]