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Corporate News

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

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 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...
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...
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...
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...
Remi Babalola, a formal chairman of FBN Holdings, has stated that corruption was why he resigned from his position in the company. In his resignation letter to FBN Holdings, Babalola noted that he could no longer persevere the corruption in the company. His resignation letter read: “I accepted the appointment as...
The Federal Government has commended the leading roles being played by the Dangote Group to complement the government’s efforts to diversify the nation’s economy and the company’s dedication to the promotion of best practices in all its operations. The commendation came even as the Ogun State government said the Dangote...
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...
GTBank, the subsidiary of Guaranty Trust Holding Company (GTCO), may soon be sanctioned by the Central Bank of Nigeria (CBN). This is as the former’s customers continue to experience unauthorised deductions from their accounts. One of the affected customers, Oyeyemi Oluwatobi, a paint manufacturer and housing exterior decorator, whose account with...
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...