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Corporate News

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

The Manufacturers Association of Nigeria (MAN) has strongly condemned the invasion of Dangote Cement Plant on Wednesday by the state’s security outfit, the Vigilantes, on the order of the State Governor Yahaya Bello, noting that such action will discourage new investments in the State. The president, MAN, Engr. Mansur Ahmed,...
Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank ALAT, has reiterated its commitment to empowering cooperative societies for optimal productivity through its digital solution for cooperatives, CoopHub, at the Lagos State Government Ministry of Commerce, Cooperatives, Trade and Investment International Day of Cooperatives...
The 2020 financial projection for Transcorp Hotels Plc is no longer feasible. This indication emerged as the quoted hospitality company recorded a significant financial drop in revenue, in its first-quarter period for the year. As COVID-19 continues to ravage different sectors of the economy, including the hospitality sector, Transcorp's group...
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...
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...
The Lagos State High Court, presided over by Justice L.A. Okunnu has discharged Mr. Thomas Etuh of complicity in the money laundering charges preferred against Messrs. Francis Atuche and Ugo Anyanwu. The discharge order, which was made on September 21, 2021, followed an application by Etuh and others who were...
President of Dangote Group, Aliko Dangote, has charged African leaders and citizens to be united in the promotion of the continent’s intrinsic greatness through improved trade relations amongst African countries. Speaking at the formal launch of the Pan-African Payment & Settlement System (PAPSS), which is a centralised payment and settlement...
President of the Dangote Group, Alhaji, Aliko Dangote, has announced that the Dangote Sugar Refinery (DSR) Plc is significantly scaling up its investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master plan (NSMP).   Speaking at the Flag off Ceremony of the 2022/2023 Crushing...
Nigerian-American businessman, Dr Osayande Aghaze has revolutionised the electric vehicle (EV) charging industry with his groundbreaking invention -the detachable EV solar charger.  This innovative device, set to be available to the public from Wednesday, January 1, 2025, according to him, was not only designed to alleviate the crippling fuel crisis...
Austin Avuru, the Chief Executive Officer (CEO) of Seplat Petroleum Development Company Plc, has exited the oil and gas company after 11 years. His exit will take effect from Friday, July 31, 2020. Avuru made the disclosure of his exit in the company's latest financial statement, where he confirmed Roger...