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Corporate News

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

There seems to be Panic in the air as Access bank investors begin to lose confidence due to customers closing their accounts. Recall that Access Bank, after receiving a directive from the Central Bank of Nigeria (CBN) blocked accounts of eight protesters who took part in the #EndSARS protest. Surprisingly, Access...
Federal Capital Territory Administration (FCTA) has disclosed why L&N restaurant was shut down in Abuja. This follows a claim by the founder of the restaurant over the alleged closure of the restaurant. It all began when the founder of L&N restaurant, Layla Othman accused AMAC, of closing her restaurant while...
Farmcrowdy Limited, over the weekend, celebrated its four years anniversary with new products launch. In commemoration of its anniversary, the leading agrictech company launched two new products -Farmcrowdy Foods, and the Farmcrowdy Trader. While introducing the new products, Founder and CEO, Farmcrowdy, Onyeka Akumah said the company will focus on the...
MTN Nigeria has lost no fewer than 400,000 MTN subscribers in less than a month. This is due to claims that MTN data bundles exhaust faster than other networks. Recall that in September,MTN's grip in the telecommunications market slacked as its market share dropped from 40.90% to 40.30%. While MTN was...
Contrary to reports by Bloomberg that Dangote Cement was granted sole approval to export cement through the land borders, information has emerged that other companies also got approval to export through the land borders. Nigerian Customs Service (NCS) has reportedly revealed that BUA Group and a gas company have...
Harzoyka, an Indian restaurant located in the Ikeja area of Lagos, has been accused of discrimination against its female customers. According to Aisha Salaudeen, a CNN reporter who took to her Twitter page, to call out the restaurant over discrimination, Harzoyka would only allow ladies to come to feast only with...
Lagos State government has begun the process of regulating Uber, Bolt, amongst other ride-hailing services through a sum of N25 million and N10 million license and renewal fees respectively. For months now, the government has been considering ways to regulate the industry. And with approval from Governor Babajide-Sanwo-Olu, the state...
Access Bank has been accused of abuse of power after placing a restriction on the account of a company, Gatefield Nigeria Limited, for supporting the EndSARS protest in Nigeria. The restriction on the account comes amidst accusations that the government through the Central Bank of Nigeria (CBN) is cracking down...
GTBank has secured the approval of the Central Bank of Nigeria (CBN) to become a financial holding company, with its Approval-In-Principle. This follows a month after Sterling Bank obtained theirs in order to branch out of the core banking business. With its Holding Company status, GTBank will commence its restructuring, which...
Tragedy struck on Thursday, November 5, 2020, when fire razed a petroleum tank farm belonging to multinational energy company, Oando Plc. Unmask NG learnt that the incident happened at Ijora Badia area of Lagos. Confirming the incident, Olufemi Oke-Osanyintolu, the Director-General, Lagos State Emergency Management Agency (LASEMA), said emergency responders,...