Commercial banks and mobile network operators, TELCOS have commenced discussion on how the Unstructured Supplementary Service Data (USSD) accumulated debt will be paid. In response to the development, the Chairman, Association of Licensed Telecommunication Operators of Nigeria, Gbenga Adebayo, said, “Discussions are ongoing and we are hoping that this will...
Managing Directors (MDs) of Portland paints and Chemical and Allied Products (CAP), Bolarin Okunowo, and David Wright, have respectively reacted to a proposed acquisition deal. Recall that Chemical and Allied Products was set to take over Portland Paints’ assets, liabilities, and business undertakings including its real property and intellectual property...
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...
Not less than four banks have assisted the Central Bank of Nigeria (CBN) in imposing restrictions on the bank accounts that belong to #EndSARS protesters across the country. The banks including Guaranty Trust Bank (GTBank), Zenith Bank, United Bank for Africa (UBA), First Bank, Access Bank, amongst others, were debited...
Manufacturers of Dulux paint, and Caplux, Chemical And Allied Products (CAP) is planning to acquire UAC's Portland Paints. According to a statement made available to Unmask NG, CAP is set to take over Portland Paints’ assets, liabilities, and business undertakings, including its real and intellectual property rights. As seen in the...
Following the curfew imposed by some states in Nigeria, including due to #EndSARS, the nationwide protest against police brutality, both local and foreign investors have recorded a loss of N113.1 billion in the stock market. With the unforeseen situation, financial market analysts have expressed their concerns over the week as...
A lady identified as Marline Oluchi has accused Access Bank of placing a Post-no-credit on her account. Oluchi who has been actively involved in the nationwide protest against police brutality by cooking for the #EndSARS protesters, said her account manager informed her that Access Bank acted on an order from...
Aggrieved workers of Intels Nigeria Limited has vowed to shut down the company's operations should the management refuse to meet their demands. The Management of INTELS, after experiencing a tip of the iceberg from its workers where gates were being blocked to show a sign of displeasure, called upon the...
There seems to be trouble for business owners in Apapa area of Lagos State, as presidential taskforce operatives deployed to the area to manage the traffic situation has been withdrawn. With the new development, the traffic management in the area, according to a report, has now been handed over to...
Nigerian Manufacturers has shown concern over alarming electricity tariff across different states in the country. In an address issued by the president, Manufacturers Association of Nigeria, MAN, Mansur Ahmed, said that the discrepancy between electricity tariffs had been observed to suit some part of the country. He added that the difference in...