Aliko Dangote reveals business success principle he shared with Herbert Wigwe

Africa’s richest man, Aliko Dangote, has revealed that perseverance is one business success principle he shared with the late co-founder and former Group Chief Executive of Access Bank Holdings, Herbert Wigwe. The Nigerian business mogul Dangote made this known at…

Dangote Cement appoints new CEO

The new CEO’s tenure begins in March, the disclosure said. Dangote Cement Plc has named Arvind Pathak as the company’s new chief executive/managing director, the company said in a note posted on the Nigerian Exchange’s website on Thursday. Mr Pathak will…

TRANSFORM PLATFORM South Africa: “We want to create a WeChat for Africa” – MTN CEO Ralph Mupita

Inspired by the American and Chinese giants of the sector like Apple and WeChat, Africa’s leading telecom operator is making a strategic shift and transforming itself into a technological platform. Payments and communication will be integrated into the same system…

Diamond Offshore appoints new CEO

Diamond Offshore Drilling has appointed Bernie Wolford Jr as its president and CEO. He replaces Marc Edwards, who retired last month when the company emerged from its chapter 11 financial restructuring. Mr Wolford has worked in the oil industry for…

Intel will ‘focus’ less on buying back company stock -CEO

The chief executive of the biggest U.S. chip-maker, Intel Corp, said the company is going to curb its focus on buying back its own stock. “We will not be anywhere near as focused on buybacks going forward as we have…

FIRST BANK OF NIGERIA – CORPORATE STATEMENT ON THE NEW BOARD CONSTITUTION

We refer to the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution of the Board of Directors of First Bank of Nigeria Limited. Further to the press conference held by the Governor of the Central Bank of Nigeria,…

Waymo CEO John Krafcik steps aside as co-CEO’s take over

After five and half years guiding Waymo, Alphabet’s subsidiary developing autonomous-drive technology, John Krafcik has decided it’s time for someone else to run the company. Actually, it will be a pair of Waymo’s top executives, Tekedra Mawakana and Dmitri Dolgov, who will…

When it comes to strategic decision-making, how much do CEOs really matter?

The answer to such a straight question isn’t as obvious as you might think. In fact, this issue has been hotly debated in management and finance circles for decades now. While plenty of anecdotal evidence suggests that CEOs can make…

Why Mark Zuckerberg is the last founder-CEO tech titan left standing

A rival described him as “the most aggressive, single-minded, ambitious person I have ever met in my life”. An ex-girlfriend observed that he “just doesn’t think about clothes… [he’s] in this pure mind state”. And when asked by a journalist for Fortune magazine whether he would…

Jeff Bezos to step down as CEO of Amazon, to be replaced by AWS chief Andy Jassy

Amazon (AMZN) said Tuesday that Jeff Bezos, the company’s founder and CEO, would be stepping down from his role in the third quarter of 2021. Bezos will be transitioning to executive chair of the company. Andy Jassy, who currently leads…