Pressured by another quarterly loss, Boeing announced Wednesday additional job cuts as it adapts to a prolonged downturn in the aviation industry.The planemaker, which has been in belt-tightening mode throughout 2020, plans to eliminate about 7,000 more jobs through the end of 2021. The headcount at that time will be around 130,000, down from 160,000[...]
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Kwara State Governor AbdulRahman AbdulRazaq has announced N500m fund to assist all those whose businesses in Ilorin were looted by hoodlums, as parts of the administration’s efforts to bring them back on their feet following the incident.The governor said this Saturday evening after he visited various shops and scenes that were looted by the hoodlums.Speaking[...]
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The Lagos Chamber of Commerce and Industry says the Nigerian economy may have lost about N700bn to the #EndSARS protests in the last 12 days.The President, LCCI, Mrs Toki Mabogunje, in a statement on Monday, expressed concern over the negative impact of the #EndSARS demonstrations on business activities across the country.The statement is titled, ‘LCCI[...]
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The Management of Arik Air has asked for the intervention of the Minister of Aviation, Hadi Sirika, over the planned industrial action by aviation unions scheduled to commence on Monday.The Chief Executive Officer of Arik, Capt. Roy Ilegbodu, made the appeal in a letter written to the minister entitled “Re-Unions in Arik Air threaten to[...]
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The labour unions in the aviation sector have again threatened to shut down the operations of Arik Air on Monday over the airline’s management’s failure to resolve issues regarding its conditions of service as well as the unjust treatment of its workers during the pandemic.The two aggrieved unions, the National Union of Air Transport Employees[...]
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Jamie Dimon- The man at the helms of affairs in the world’s 7th biggest bank by asset and within the year by profitability is doesn’t just make news- he is the news. With a Harvard degree and over 15 years spent in JP Morgan Chase, he has built the bank into the world’s most reputable[...]
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Meghan Markle and Prince Harry failed to tell the Queen about their Netflix deal, which could be worth as much as $150million, before announcing it to the world, a royal source has claimed. The coupe also recently bought a $14million mansion in Santa Barbara, have signed a new deal with the streaming service, and say they want to provide 'hope[...]
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Tyler Perry has officially become a billionaire. The 50-year-old filmmaker has been named as Hollywood's latest member of the club after earning $1.4 billion in pre-tax income since 2005, and it's said he's currently worth $1 billion overall. According to Forbes magazine, Tyler has earned his wealth through shrew business prowess, and he owns 100%[...]
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Twitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal reported Saturday, after US President Donald Trump said he would ban the app, calling it a threat to national security.Trump declared Thursday that the popular Chinese video app TikTok and social network WeChat “threaten the national security, foreign policy, and[...]
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A new scheme launched this morning by the British government at more than half of the UK's restaurants, cafes and pubs will see Britons eat at 50% of the full price. The scheme “Eat Out to Help Out” is backed by £500million of taxpayers' cash. Diners who eat out on Mondays to Wednesdays in August[...]
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British Airways pilots have overwhelmingly voted to accept a deal cutting wages by 20 per cent with 270 jobs lost, according to aviation union BALPA.The deal, announced Friday, comes as the airline struggles with the economic impact of the coronavirus which has seen it propose lay-offs of 12,000 staff, more than 1,200 of those pilots.Salaries[...]
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The lockdown and physical distancing measures that were implemented to curb the spread of COVID-19 in Nigeria almost led to a complete shutdown of economic activities across the country, the Federal Government said on Sunday.In her opening address in Abuja at the capacity building for Special Advisers and Technical Assistants of ministers, the Minister of[...]
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A suspect has been arrested in the gruesome murder of Fahim Saleh, the CEO and founder of Nigerian start-up Gokada. His personal assistant was arrested early on Friday and is expected to be charged in the grisly killing, according to two officials briefed on the matter. The entrepreneur, Fahim Saleh, 33, was discovered dead on[...]
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Fahim Saleh is the owner of gokada bike hailing company gokada in Nigeria. He was gruesomely murdered in his $2.2m NewYork apartment yesterday. NewYork policed department NYPD found his dismembered body yesterday afternoon. Sources reveal that he was killed with an electric saw and his body cuts into different pieces with is torso limbless and[...]
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Richest man on Forbes list of billionaires and its best man alive Jeff Bezos has just got a new high in his net worth. He is now worth $171.6 billion. His wealth increased by $56.7billion this year even amid the corona virus global lockdown. His company Amazon continued to see growth in the back of[...]
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Elon musk’s Tesla is now officially the most valuable auto company. Tesla is an electric car making company. Shares of Tesla have doubled since the start of this year. Market capitalization of Tesla stands at $207.2bn as against Toyota’s $201.9bn
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So I got started on the blog about two years ago. It’s been such an amazing and refreshing experience so far. It has been so exciting starting something from the scratch with no rules. You make your rules and it’s so much fun. Because in business your model could be unique from another person’s, once[...]
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The Federal Governement has suspended Execujet Private Jet company for conveying musicians Naira Marley and Kim Oprah for a concert in Abuja. The minister is Aviation Mr Hadi Sirika announced the suspension early today during daily briefing on the Presidential Task Force on COVID-19, on Monday, in Abuja. The minister said the flight was approved[...]
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The West African Examination Council in a letter to the Independent Corrupt Practices and other related offences Commission dated March 13, 2020 confirmed that Benue lawmaker, Victor Yagba Kuranen, forged the certificate he used to contest and win election under the platform of the Peoples Democratic Party in 2019. The lawmaker’s result was forged after[...]
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Popular lagos interior decor queen Ehi Ogbebor who goes by the Instagram handle ceosayavett just opened the doors to her Banana Island Mansion which she built from scratch to finish as a gift for herself to celebrate her 35th birthday. The mansion is a wonder to behold with furnishing all by her. Recall Ehi was[...]
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Evidence has just shown that among the Fortune 500 companies, with 500 CEOs, only four (4) are blacks. This revelation has come on the heels of the current #blacklivesmatter and #Icantbreathe protests that have swept across the US. According to Wikipedia: The Fortune 500 is an annual list compiled and published by Fortune magazine that[...]
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Tesla owner and controversial billionaire who is worth over $38bn just made another landmark win. He added $770m to his total wealth in just one week. How did he do it? Find out. The CEO of Tesla (TSLA) and SpaceX achieved his boyhood dream of launching two American astronautsinto space for the first time. He[...]
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The global oil price benchmark, Brent crude, has extended its decline, plummeting to $19 per barrel on Tuesday, amid the demand collapse caused by reduced economic activity.Brent, against which Nigeria’s crude oil is priced, fell by $6.34 to $19.23 per barrel as of 11:01am Nigerian time on Tuesday, while US WTI stood at minus $8.00[...]
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Louis Vuitton has launched a designer gym equipment range - and it comes with a very hefty price tag. LV in addition to making luxury items especially hand bags and travel bags have now unveiled a new line of fitness gear - including a set of two 3kg dumbbells retailing at £1, 730, The jump[...]
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Now this is one of the many benefits of having rich friends or friends who are far ahead than you. Not because of the materialistic advantages but because for them to get rich or successful, they had foresight and knew what others didn’t know. And they let you in on their fears and decisions which[...]
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