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Read the latest company news in Nigeria across all sectors, including insurance, oil, and investment.

Mojisola Ogundiran, the founder of the United Network of Youth for Peace and Diplomacy (UNYPD), has revealed how her late father, who borrowed a sum of N40 million from Wema Bank as a customer of the financial institution, lost his property valued at N600 million. Ogundiran said out of the...
Coinbase, a digital currency exchange headquartered in San Francisco, California, United States, has provided the details of how it leveraged the purchase of $425 million bitcoin for MicroStrategy, an intelligence company. Providing the details of how the purchase was done, Brett Tejpaul, the head of institutional sales at Coinbase, revealed...
The credibility of the United Bank for Africa Plc (UBA), has been brought to a questionable stance, as one of its customers who bears the name Sensei the Odogwu, narrated his awful experience. In a series of tweets on Tuesday, February 2, 2021, the UBA victim explained how he got...
Arik Air, Aero Contractors, amongst other airlines in Africa, recorded a decline of 76.7% passengers. The drop in passenger traffic was recorded amid the effect of the raging COVID-19 pandemic. As seen in the passenger traffic survey of the International Air Transport Association’s (IATA) for November 2020, the drop in traffic...
Shell Petroleum Development Company of Nigeria Limited, (SPDC), a subsidiary of Royal Dutch Shell, have been allegedly accused of being the brain behind oil spillages so as to gain from the money spent on clean-up operations and repair. According to a Dutch environmental group , Milleudefensie, it claimed that the...
As jumia records a significant loss of €28 million between July to September 2020, it recounts the losses on the nationwide #EndSars protest against police brutality in the country. For jumia, the recorded losses didn’t come as a surprise, as they are usually skeptical about insecurities in any economy and...
It appears that Seplat co-founder, Bryant (ABC) Orjiakor, has been caught up in debt controversy and the shutdown of Seplat headquarters by Access Bank. Recall that few days ago, Unmask NG reported that the financial institution secured the order to shut down the headquarters over  the debt owed by Cardinal Drilling, which is...
Nigeria’s leading integrated food business and Agro-allied group, Flour mills Nigeria (FMN) Plc has appointment Omoboyede Olusanya as its new Managing Director and Chief Executive Officer. With this disclosure, Olusanya succeeds Mr. Paul Gbededo , who retires after 38 years of meritorious service to the company. Olusanya’s appointment which will take...
Nigerian airline, Arik Air has retrenched over 300 workers. While making the disclosure, the airline’s Public Relations and Communications Manager, Adebanji Ola, in a statement said the company took the decision to downsize its workers due to the COVID-19 pandemic which has caused the airline a major setback financially. The statement...
The Chief Executive Officer (CEO) of Aero Contractors, Captain Ado Sanusi, has reacted to merging its company with Arik air. Recall that the Asset Management Corporation of Nigeria (AMCON) had plans to merge both companies due to the alleged debt burden of the airlines caused by the Coronavirus pandemic. With...