Wednesday, December 1, 2021
- Advertisement -

Corporate News

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

For Tony Elumelu, the Chairman of UBA Group and Heirs Holdings, there is no better time to invest in Africa than now. As global economy is devastatingly hit by the lingering infectious disease, Elumelu advised investors to take advantage of the situation to invest in Nigeria, and other countries in...
Austin Avuru, the Chief Executive Officer (CEO) of Seplat Petroleum Development Company Plc, has exited the oil and gas company after 11 years. His exit will take effect from Friday, July 31, 2020. Avuru made the disclosure of his exit in the company's latest financial statement, where he confirmed Roger...
Jonathan Nnamdi Udemadu, the former Managing Director (MD) of Achina Microfinance Bank, has been sentenced to 11 months imprisonment after being convicted for committing multiple frauds. After being found guilty of nine-count charges of abuse of office, forgery, issuance of dud cheque, and fraudulent conversion of depositors fund to the...
Barely five months after being appointed, Helen Iwuchukwu has resigned as the Executive Director of Transcorp Hotels Plc. Her resignation was on Tuesday, July 21, 2020, disclosed, but the Board of Directors of Transcorp Hotels had accepted it since Monday, July 20, 2020. Although, she will remain in her position...
Like many other concerned individual Nigerians and corporate organisations, BUA Cement Plc, through its chairman, Abdul Samad Rabiu, has provided support in the fight against COVID-19, the infectious disease plaguing the whole world. This is not in doubt. However, the company’s public disclosure that it has committed over N7 billion...
Saba Steel Nigeria Limited, one of Nigeria’s largest steel product manufacturers, may henceforth have a lot to deal with, as a Twitter user called out the company over a horrific accident that cost her brother’s life. Unmask NG learnt that the deceased passed away on Thursday, July 16, 2020. In a...
Airtel Nigeria, a telecommunication company is presently enmeshed in a fraud controversy, as one of its customer care representatives, Jeremiah Mustapha, was recently sentenced to a five years' imprisonment for facilitating a N2.2 million fraud. Unmask NG learnt that Mustapha conspired with one Nurudeen Salimu, a fraudster, to dupe one...
As coronavirus continues to ravage the Nigerian economy, beverage companies appear to be in a storm. This, according to industry observers, is because thousands of jobs are at risk. Unmask NG understands that beverage companies in Nigeria are recording losses, an unexpected development that has crippled their operations. Speaking on the...
Sijibomi Ogundele, the Managing Director (MD) and Chief Executive Officer (CEO) of Sujimoto, a real estate company, recently granted an interview, where he talked about an investment opportunity in his firm. When asked if there is an investment opportunity in his company in view of the lingering novel coronavirus, Ogundele...
Ecobank Transitional Incorporated (ETI), and its Nigerian subsidiary, Ecobank Nigeria Ltd, may be sued for $100 billion or its naira equivalent. Those who are pressing for petitioning of the financial institutions are outsourced drivers, who were drawn from Integrated Corporate Service Limited (ICSL), FOSAD, Harvard Se- curity, KS Sharon, and...