Electronic Arts has agreed to be acquired in a landmark $55 billion leveraged buyout, marking one of the largest take-private deals ever for a public company. A consortium led by Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners, led by Jared Kushner, will carry out the purchase. The EA board already approved the…
President Donald Trump has announced sweeping import taxes that will affect sectors ranging from pharmaceuticals to furniture and heavy trucks. He set the effective date for October 1. The tariffs include 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy trucks. These actions reflect his…
A new report, led by former Meta executive Arturo Béjar and multiple nonprofits, accuses Instagram of making deliberate design choices that put teens in danger. It argues that many of Instagram’s safety tools for minors do not work as promised, and the company’s public claims about teen safety mislead users and parents. What the Report…
Dangote Refinery has responded firmly to allegations that it planned a mass sack of workers. The company says it only reorganises roles in response to sabotage concerns and denies any intent to fire a large number of employees. Meanwhile, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has raised labour practice concerns, especially…
Starbucks announced on September 25, 2025, that it will close several stores across North America and lay off 900 non-retail employees in a sweeping restructuring move. The company says many locations fail to meet performance standards or customer expectations. CEO Brian Niccol described the decision as painful but necessary to turn the business around. Why…
Africa hosts some of the world’s most powerful and wealthy women, and the top 5 richest women in Africa wield significant influence across various industries, including oil, banking, telecommunications, real estate, and pharmaceuticals. Their fortunes do not merely reflect inherited wealth; they also show business acumen, strategic investment, and leadership in male-dominated sectors. Below, we…
Philanthropist MacKenzie Scott has donated $70 million to the United Negro College Fund (UNCF) to help strengthen all 37 of its member historically Black colleges and universities (HBCUs). She gave this gift as part of UNCF’s larger $1 billion capital campaign. Dr. Michael L. Lomax, UNCF’s president, said the donation will support a pooled endowment,…
Nigeria delivered 67,657,559 barrels of crude oil to local refineries between January and August 2025, according to the Federal Government. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed the figure in Abuja. They emphasized that the delivery aligns with the Petroleum Industry Act 2021 and the Domestic Crude Supply Obligation (DCSO) policy designed to guarantee…
Aliko Dangote recently accused the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) of levying exorbitant charges on fuel trucks that load from his refinery. He stated the union collects as much as ₦50,000 or ₦48,000 per truck at the refinery gate. After adding charges from other intermediaries, the cost per truck can reach…
Starbucks workers in Illinois, Colorado, and California filed lawsuits, claiming the coffee chain violated state labor laws when it changed its dress code without reimbursing employees for the required new clothing. The lawsuits argue that Starbucks mandated solid black shirts, specific bottoms, waterproof footwear in muted tones, and imposed limits on facial piercings and body…
