Information reaching Unmask NG, has it that the operations of Fidelity Bank in Kaduna, have been halted, as the state government ordered the closure of the lender's branches. During a media parley attended by journalists in the state, Kaduna's Legal Adviser and Board Secretary of the state's tax administrator, Aisha...
Jiji, one of the leading classified marketplace in Africa, now controls Cars45, a leading automotive trading platform in Nigeria, after concluding its acquisition in an undisclosed deal. Explaining why the acquisition was pertinent to Jiji, the company's co-founder, Vladimir Mnogoletniy said it’s looking for opportunities outside of the classifieds business. “In...
The blockchain industry has again faced another obstacle, as Financial Conduct Authority (FCA), United Kingdom's (UK) financial regulator, banned Binance. With the new development, Binance, which is one of the world's largest cryptocurrency exchanges, can no longer conduct any regulated activity in the country. In a notice seen by Unmask NG, the...
On Thursday, June 24, 2021, the House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, quizzed Innocent Ike, the Acting Managing Director,...
No less than 120 managing directors, deputy managing directors and executive directors of deposit money banks, including those of Access Bank and United Bank for Africa (UBA), are likely to spend 10 years imprisonment due to their non-compliance to Bank Employees, ETC (Declaration of Assets) Act 1986. In what appeared...
Coca-Cola, a beverage brand, has been caught in the heat of market dynamics caused by a simple gesture from Cristiano Ronaldo, a Portuguese professional footballer who plays for Juventus. Ronaldo, on Monday, June 14, 2021, in a clip that has since gone viral on social media, swapped a bottle...
Glo has topped the list of telecommunication companies with the highest loss of subscribers in the period ended April 2021. As seen in new industry statistics released by the Nigerian Communications Commission (NCC), the telco owned by billionaire -Mike Adenuga, dropped from 52,918,718 subscribers in March to 50,598,855 in...
Nigerian Exchange Group (NGX) was launched in Lagos on the 18th of May, to show its commitment to the African financial markets. The event which was titled “The Stock Africa Is Made Of” hosted some business moguls and captains of Industries, with the likes of Alhaji Aliko Dangote, GCON, Chairman, Dangote...
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...