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Corporate News

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

The Zambian Minister of Commerce and Industry, Mr. Chipoka Mulenga, has sought the assistance of the President, Dangote Group, Aliko Dangote in the development of his country’s fertiliser industry.  Mulenga, who led a delegation from Zambia on tour of the 3.00 million metric tonnes Dangote Fertiliser plant at the weekend,...
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...
Following Chevron Nigeria Limited's decision to cut down its workforce, oil unions, Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have vowed to take action against the oil multinationals. According to a statement signed by Williams Akporeha, NUPENG's...
Nnamdi Okonkwo, the Managing Director (MD) of Fidelity Bank has been honoured for transforming Fidelity Bank. For his leadership role in the bank's transformation process, Okonkwo won The Banking Sector CEO of the Decade at the BusinessDay Banks and Other Financial Institutions (BAFI), which recently Awards held in Lagos. While receiving...
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...
Titan Trust Bank Limited, which barely three years ago won the Central Bank of Nigeria’s (CBN) permit to run within Nigeria, acquired an 89.4 percent stake in Union Bank of Nigeria Plc. In a statement seen by Unmaskng.com, it was disclosed therein that Union Global Partners Limited, Atlas Mara Limited, and...
Group of Shareholders Associations in Nigeria have urged the Federal Government to urgently intervene and prevail on the government of Kogi State to stop further harassment of investors in Kogi State. They described as barbaric the use of thugs to embarrass investors, such as meted out on Dangote cement and...
A report read on the floor of Lagos House of Assembly, has uncovered how NIMCO construction company Ltd has been short-changing the state government. The report which detailed how NIMCO had defrauded the government to the tune of several hundreds of millions, which includes non-payment of tax, was read to...
The Operators of the Lagos Bus Rapid Transit, Primero Bus Limited has suspended all operations in Lagos state. The Transport Company took to its twitter page to give reasons why actions were suspended. It explained that its actions were due to disruption of peace at the Owode Elede and Mile-12...
Customers and distributors of Dangote Cement Plc have hailed the magnanimity of the Founder and Chairman of the company and Africa’s largest conglomerate, Aliko Dangote. The customers described Dangote’s humaneness and philanthropy as unrivalled among his peers in the business community in Nigeria and Africa. Speaking on the sidelines of...