Carlos Tavares, CEO of Stellantis—the automotive giant behind brands like Chrysler, Vauxhall, Jeep, Fiat, and Peugeot—has stepped down with immediate effect. His sudden departure comes just two months after Stellantis issued a profit warning, highlighting challenges within the company. The announcement follows last week’s controversial decision to shut down the Vauxhall van manufacturing plant in … Read more
The Corporate Affairs Commission (CAC) has officially removed companies that failed to file their annual returns for the past decade from its register. In a statement on Wednesday, the CAC confirmed the delisting, following its earlier notice on July 25. The notice had granted non-compliant companies a 90-day grace period to update their records or … Read more
Indian billionaire Gautam Adani has been charged with fraud in the United States, accused of orchestrating a $250 million (£198 million) bribery scheme and concealing it to raise funds in the US. The criminal charges, filed on Wednesday in New York, represent the latest setback for the 62-year-old Adani, one of India’s wealthiest individuals, whose … Read more
The Central Bank of Nigeria (CBN) has approved a new chairman and board of directors for Keystone Bank as part of its strategy to ensure the institution’s sustained growth. Keystone Bank confirmed the appointments in a statement on Wednesday, highlighting the CBN’s decision to name a new board chairman, five non-executive directors, and two executive … Read more
EKO HOT BLOG reports that the Nigeria Postal Service (NIPOST) is under intense scrutiny after revelations of irregularities and possible misappropriation of N10 billion in restructuring funds. A Senate probe has been launched following discoveries of alleged illegal transfers of federal government shares in NIPOST subsidiaries to private individuals. EDITOR’S PICKS [BREAKING] 2024: Tinubu Addresses Nigerians, … Read more
A two-day workshop will be declared open by Sanwo-Olu on Good Corporate Governance in the media. EKO HOT BLOG reports that the Lagos State Governor, Babajide Sanwo-Olu, will declare open a two-day workshop on Good Corporate Governance in the media, organised by the Nigerian Guild of Editors (NGE) on Thursday. The workshop, which … Read more