Zenith Bank and GTB have been ordered to immediately grant Rise Vest Technologies Ltd, a fintech company, unfettered access to its accounts. An Abuja federal high court gave this order. as it faulted the Central Bank of Nigeria (CBN) for directing the banks to block Rise Vest from accessing its...
Financial experts and analysts have predicted what the future holds for First Bank and how its shares would fair in the coming days and weeks, and billionaire Femi Otedola emerges as the financial institution's largest shareholder. Unmask NG had reported how Otedola acquired a large percentage of shares that surpassed...
First Bank has finally confirmed that billionaire Femi Otedola is now its largest shareholder. This development came after the financial institution released a statement that said the report published on Unmask NG that has it that Otedola had become a major shareholder in the bank after securing the acquisition of...
First Bank has reacted to a report published on Unmask NG, alleging that billionaire Femi Otedola may soon be announced as the financial institution's chief, as he's secretly engaging himself in what seemed to be a hostile takeover. The report, which was culled from Newsrand, has it that Otedola was...
A piece of emerging information has it that billionaire Femi Otedola might soon be announced as the chairman of First Bank, as he’s on a shopping spree of the financial institutions’ shares. According to a source who disclosed this development on a condition of anonymity, the energy tycoon is acquiring a lot of shares...
Bank customers and Point of Sale (PoS) operators in Zamfara, Katsina, Sokoto, and Kaduna states, have expressed their sadness over the untold hardship imposed on them by the ongoing halt of services by MTN, and other telcos. Sources in the affected states confirmed to Unmask NG that the ban of...
Information reaching Unmask NG has it that there is panic among shareholders, board, and management of Heritage Bank, as the House of Representatives threatened to authorise the Central Bank of Nigeria (CBN) for the takeover of the financial institution. The lower chamber of Nigeria's bicameral National Assembly made this threat...
Total Nigeria, an oil multinational company in the country, has hurriedly retired Patrick Olinma as its Executive Director. Unmask NG understands that Olinma, who was overseeing the commercial activities of Total Nigeria, was forced to retire from his position, as the Economic and Financial Crimes Commission (EFCC) probes him. According to...
The Central Bank of Nigeria (CBN) has floated Tertiary Institutions Entrepreneurship Scheme (TIES), a new grant scheme in order to tackle the country's alarming unemployment rate. Unlike several other existing grants in the country, the TIES is a N500 million grant that would be accessible for students across tertiary institutions....
In recent times, there has been a surge in the number of fraudulent cases that have swindled thousands of people in billions of naira. Especially in the corporate sector. Con artists are now leveraging the vulnerability of the media, celebrities, and social media influencers, to lure unsuspecting members of...