Boeing records $449m Q3 loss, cuts 7,000 more jobs

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 Gov announces N500m support for looted businesses

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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Nigeria lost N700bn to #EndSARS protests – LCCI

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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Arik seeks FG’s intervention over workers’ planned strike

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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Arik workers threaten strike

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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Twitter, TikTok consider merger

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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British Airways pilots accept pay cut

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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Lockdown, physical distancing almost shut down economy – FG

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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Breaking: Gokada owner Fahim Saleh gruesomely murdered

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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Jeff Bezos’s wealth skyrocket to $171.6 billion

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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Tesla is officially worth more than Toyota

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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Exclusive: Popular interior decor queen Ehi also known as Ceosayavett opens a banana island mansion as gift to herself to celebrate her 35th birthday (photos)

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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