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

On Monday, November 29, 2021, Jack Dorsey announced that he had resigned from his role as the Chief Executive Officer (CEO) of Twitter, and Parag Agrawal would take over from him. While noting that his decision to resign from Twitter wasn't an easy one, Dorsey said he was handling it...
In a renewed effort to rid the Dangote Group of unscrupulous drivers who engaged in illegal haulage activities and others who constituted themselves into menace to other road users, the company’s drivers’ Patrol team, has made several arrests of drivers, and handed them over to relevant authorities. Dangote’s management, it...
GTBank has secured the approval of the Central Bank of Nigeria (CBN) to become a financial holding company, with its Approval-In-Principle. This follows a month after Sterling Bank obtained theirs in order to branch out of the core banking business. With its Holding Company status, GTBank will commence its restructuring, which...
Union Bank of Nigeria Plc has been ordered to pay a N5.5 million fine for damages. Justice Winifred Effiong of a High Court of Akwa Ibom, sitting in Uyo, the state capital, found Union Bank guilty of the breach of agreement allegation brought before it by some customers of the...
Sokoloan, a popular online lending platform in Nigeria, would soon face serious sanctions from the federal government, as many of their customers continued to report them over harassment. Unmask NG understands that Sokoloan, and many other online lending platforms in the country, are known for threatening and harassing their customers...
The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery as one of the key expected drivers of growth that would impact positively on the downstream sector of the Nigerian economy in 2022. Likewise, Financial Derivatives Company Limited, a financial institution, in...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the Dangote Petroleum Refinery, upon which the hope of the nation rests for fuel sufficiency is now 97 per cent completed. The agency has also commended the work done on the project. The refinery, with 650,000 barrels per-day...
The 2020 financial projection for Transcorp Hotels Plc is no longer feasible. This indication emerged as the quoted hospitality company recorded a significant financial drop in revenue, in its first-quarter period for the year. As COVID-19 continues to ravage different sectors of the economy, including the hospitality sector, Transcorp's group...
Manufacturers of Dulux paint, and Caplux, Chemical And Allied Products (CAP) is planning to acquire UAC's Portland Paints. According to a statement made available to Unmask NG, CAP is set to take over Portland Paints’ assets, liabilities, and business undertakings, including its real and intellectual property rights. As seen in the...
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...