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Corporate News

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

The reported fire outbreak at the Kogi State House of Assembly on Monday may have exposed the internal wrangling occasioned by deep-seated animosity between members of the Kogi Assembly and its leadership. Feelers are that majority of members of the House are said to be opposed to the various methods...
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...
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...
In a blaze of honour, the Pan-African conglomerate, Dangote Industries Limited (DIL) and its Africa’s leading cement manufacturer subsidiary, Dangote Cement Plc were adjudged the Largest Corporate Bond lodgment on FMDQ in gold category and the 2022 Most Trusted Brand of the Year respectively. On the back of the Largest...
MTN Group is making efforts to reduce its debt burden by leveraging Jumia and its stake in the African telecoms market. This move will also help the telco consider entering new frontiers. Information available to Unmask NG has it that MTN has an 18.9 percent stake in Jumia, a German-owned...
The Board of Trustees of the Aliko Dangote Foundation has resolved to be fully involved in the evacuation and resettling of thousands of Nigerians that are stranded in Sudan. Managing Director and Chief Executive Officer of Aliko Dangote Foundation (ADF), Zouera Youssoufou has been in contact with the Management of...
The Lagos State High Court, presided over by Justice L.A. Okunnu has discharged Mr. Thomas Etuh of complicity in the money laundering charges preferred against Messrs. Francis Atuche and Ugo Anyanwu. The discharge order, which was made on September 21, 2021, followed an application by Etuh and others who were...
Executive Director, Commercial, NASCON Allied Industries, Fatima Aliko Dangote has revealed that the Dangote Group has invested in innovative technologies and processes to achieve gender equality and empowerment of all women in the organisation. Besides, Fatima disclosed that women are playing pivotal roles in the success story of the Dangote...
The support of Nigeria's leading digitally-driven financial institution, Wema Bank, for Small and Medium Enterprises (SMEs) has been recognised in the 2021 KPMG Nigeria Banking Industry Customer Experience Survey. The report classifies Wema Bank as number three in SME Banking, this is three places higher than the bank’s 2020 classification. Wema...
The Aliko Dangote Foundation Integrated Nutrition (ADFIN) Project has signed a Memorandum of Understanding, MoU with Kano State government to check the prevalence of malnutrition in the state. The event took place at ECA Unit of Abdullahi Wase hospital in Kano on Wednesday. Speaking before the official signing of the MoU,...