Consumer goods giant Unilever has confirmed it will cut about 1,500 jobs globally as part of an overhaul of its management and structure. The Marmite-to-Domestos maker said the 5% cut in the workforce would not affect shopfloor jobs in factories. Unilever is under pressure after a failed £50bn bid for a division of GlaxoSmithKline, and […]
With all things considered, the Federal Government, yesterday, soft-pedalled on its initial plan to remove subsidy on petrol, setting aside its much-trumpeted Petroleum Industry Act (PIA) to continue paying about N4.6 trillion provided crude oil price hovers around $85 per barrel. The Guardian had exclusively reported last Friday that petrol may sell for N403 per […]
John Lennon’s eldest son Julian is selling several pieces of music history from his personal collection. However, he will keep the physical items as each piece of memorabilia will be sold as a non-fungible token (NFT). Items being auctioned include a black cape worn by his father in the film Help! and handwritten notes for […]
Sir António Horta-Osório is used to the spotlight. As one of the UK’s most high-profile bankers “AHO”, as he is known in some circles, is credited with dragging Lloyds Banking Group back from the precipice following the financial crisis. Most recently, however, Sir António has attracted rather more negative headlines. After moving to Credit Suisse […]
The battle over the region to produce Nigeria’s next President took another dimension, yesterday, as over 1,000 Civil Society Organisations (CSOs) barricaded the headquarters of the All Progressives Congress (APC) and the opposition Peoples Democratic Party (PDP), requesting both parties to pick their presidential candidates for the 2023 general elections from the southern part of […]
Dangote oil refinery will start processing crude in the third quarter of this year, as mechanical work on the project is completed, while hydro testing (at 70 per cent) is almost finished. This was disclosed, at the weekend, when the President of Dangote Group, Alhaji Aliko Dangote, led the President of African Development Bank (AfDB), […]
The Nigerian Exchange Ltd. (NGX) has posted a growth of N810 billion ahead of the first 2022 Monetary Policy Committee (MPC) slated for Jan. 24 and 25. The market capitalisation, which opened last week at N23.951 trillion garnered N810 billion or 3.38 per cent to close at N24.761 trillion, Jan. 21. Also, the NGX All-Share […]
Former Super Eagles goalkeeper, Idah Peterside, says Nigeria crashed out of the ongoing 2021 Africa Cup of Nations (AFCON) as a result of many irregularities. Peterside, who spoke on Monday during an interview on Channels Television’s breakfast programme Sunrise Daily, listed some of such irregularities to include lack of planning, failure to switch tactics, and […]
Danielle Thornton was in the school pick-up line waiting for her children when she learned she would face a life-changing choice: get the Covid-19 vaccine or lose her job of almost nine years at the bank Citigroup. She and her husband had watched for months as bosses across the US introduced vaccine mandates, knowing the […]
The mining giant founded by Australia’s richest man is buying the battery and technology arm of the Williams Formula One racing team for $222.2m (£164m). Fortescue Metals will purchase UK-based Williams Advanced Engineering from private equity firm EMK Capital and Williams Grand Prix Engineering. The deal is aimed to help the iron ore producer achieve […]