Nigerian Breweries Plc disclosed a significant shift in its board composition, notably the resignation of Chairman Mr. Asue Ighodalo, as confirmed by the Company’s Secretary, Mr. Uaboi Agbebaku, in a notification to the Nigerian Exchange Ltd. (NGX). Agbebaku clarified that Ighodalo communicated his resignation and intent to pursue public service, adhering to sound corporate governance Read More…
Amidst high-stakes discussions about the future of OpenAI, the company has announced the return of Sam Altman as CEO, just days after his abrupt removal, marking a significant turnaround for the AI powerhouse. The reinstatement of Altman follows intense negotiations, leading to an agreement that also involves a major overhaul of the board of directors, Read More…
Sam Altman, ousted CEO of OpenAI, is steering towards a new artificial intelligence (AI) venture following his dismissal, sources familiar with the plan disclosed on Saturday. The departure of Altman has sent ripples across the tech industry, leaving numerous questions about the future of the company. Former OpenAI president Greg Brockman, who exited the company Read More…
The Chartered Institute of Directors (CIoD) emphasised the pivotal role of good corporate governance in unlocking the potential of sectors like agriculture, solid minerals, and the blue economy to diversify Nigeria’s economic landscape. During a press briefing in Lagos, Alhaji Tijjani Borodo, President of CIoD, highlighted the upcoming 2023 Annual Directors’ Conference (ADC) at Transcorp Read More…
The National Bureau of Statistics(NBS) says women have continued to record low participation in all tiers and levels of governance. This is mentioned in the NBS Statistical Report on Women and Men in Nigeria 2021 released in Abuja on Tuesday. The report added that inspite of all efforts to support the contribution of women in Read More…
After failing to find the long-term finance required to help it recover from a rocket failure in January, Virgin Orbit Holdings, the satellite launch firm owned by Richard Branson, filed for Chapter 11 bankruptcy on Tuesday. After announcing the layoffs of around 85% of its 750 workers last week, the Long Beach, California-based firm filed Read More…
Leading Fast-Moving Consumer Goods (FMCG) Company Flour Mills of Nigeria (FMN) Plc is the first FMCG firm to join the Africa Business Leaders Coalition (ABLC) to combat climate change. This was said in a statement released by Mr. Boye Olusanya, Group Managing Director of FMN, on Wednesday in Lagos. Olusanya claimed that the action was Read More…
Dr. Abdulsalam E. Ogbemudia, is the Chief Executive Officer, Niyya Food and Drinks, manufacturers of the Farm Pride range of natural fruit drinks. A senior management professional with specialisation in Manufacturing Operations and Corporate Governance, Dr. Ogbemudia has been on the top saddle of the company since May 2021, seeing the company through the turbulent Read More…
Microsoft conducted a probe into co-founder Bill Gates’ involvement with an employee almost 20 years ago after it was told in 2019 that he had tried to start a romantic relationship with the person, the company said on Monday. Microsoft said it had received a concern in the latter half of 2019 that Gates “had Read More…
The Registrar-General, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has said the organisation raked in more than N19 billion as Internally Generated Revenue (IGR) last year. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. According to him, in spite of the COVID-19 pandemic that affected Read More…
