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Corporate News

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

The Senate has launched the probe of commercial banks across the country over excessive charges on their customers' accounts. In order to effect the ongoing probe, the ninth senate mandated the Senator Uba Sani, All Progressives Congress (APC), Kaduna Central-led Committee on Banking, Insurance, and other Financial Institutions, to carry out a...
Nigerian Stock Exchange Price List: The latest Nigerian stock market today brought news of the exchange closing at 5,984 deals on Monday, October 5, 2020; higher than the 4,553 deals it closed with on Friday, October 2, 2020, while the volume reached 603.9 million units at the close of...
Nigeria’s candidate for the  World Trade Organisation's (WTO) Director-General (DG), Dr. Ngozi Okonjo-Iweala has expressed confidence, saying she's not scared of the ongoing competition with other countries' candidates. As the race for the WTO job enters the final month, Okonjo-Iweala claimed to be uncowed. The 66-year-old said the reforms she spearheaded as Nigerian...
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...
Super Eagles Legend, Austin Jay-Jay Okocha, and his wife, Nkechi have been accused of defrauding their business partners. It all started when an investor, Friday Kujah, floated a company in the name of the legendary footballer, Jay-Jay Okocha Bureau De Change Limited. According to reliable information at our disposal, Kujah decided...
Nnamdi Okonkwo, the Chief Executive Officer (CEO) of Fidelity bank, has been arrested alongside other top officials of the bank over a N58.2 billion money-laundering scandal. Following their arrest by the Economic And Financial Crimes Commission (EFCC), Okonkwo and the other arrested officials have regained their freedoms, but the...
Trouble for GTBank as one of its customers, Funke Adeoye narrated how the financial institution fraudulently transferred N200,000 from her bank account into another account, belonging to Bet9ja, a betting company. Surprisingly to members of the public, Adeoye isn't the only one calling out GTBank for fraud-related matters, particularly transferring...
Chinese manufacturing and servicing company, Inner Galaxy Group has been called out for enslaving its Nigerian workers. The dehumanisation was captured by a Twitter handle, @Truthfully83. In what appeared to be an investigative exposure, Inner Galaxy Group's enslavement of its Nigerian workers was exposed in a series of post on Twitter. Below...
In what appeared to be a similar situation with Air Peace, Nigerian private airline, Bristow Helicopters has sacked no less than 100 pilots. This, according to the helicopter operator, was due to the raging COVID-19 pandemic. Sadly, the pilots were not the only ones rendered jobless, the company also sacked...
Air Peace, a Nigerian private-owned airline, has sacked no less than 70 pilots across its fleet and has reduced its staff salaries by up to 40 percent. Punch reports that a member of the National Association of Aircraft Pilots and Engineers (NAAPE), who craved for anonymity made this disclosure. Why the...