Wednesday, December 1, 2021
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Corporate News

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

Guarantee Trust Company (GTCO) is currently enmeshed in a N1 billion defamation suit over an alleged libellous publication against Corporate Forwarders Limited. Solicitors to Corporate Forwarders, in a letter addressed to GTCO, demanded a retraction, an apology and a compensation for the injurious libellious falsehood' against its client. According to the...
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...
Banking Expert Kalu Aja, on Monday, November 8, 2021, counselled couples on how they can manage their investments and other resources they have. In a series of tweets seen by Unmask NG, Aja, who's a highly revered financial and investments expert, cited a scenario where a woman who had just...
Nigeria's telco giants MTN and Airtel have secured the nod from the Central Bank of Nigeria (CBN) to become financial technology (FinTech) firms. Confirming this development in separate statements seen by Unmask NG, MTN and Airtel disclosed that with CBN's Approval in Principle, they can now operate payment services in...
Africa’s largest cement producer, Dangote Cement Plc has announced improvements in performance measurement indices for the nine months ended Thursday, September 30, 2021. This is as even the Group sales hit 22.2 million tonnes. Sales volume in Nigeria remained strong and accounted for 14.1 million tonnes despite heavy rains in...
Fidelity Bank, and other Nigerian financial institutions, would stop accepting old £20, and £50 notes. In a message addressed to its customers, Fidelity Bank stated that they all have up to Friday, December 31, 2021, to transact with their old £20, and £50 notes, as they would no longer be...
Some customers are worried and have lost their confidence in Sterling Bank, after its former manager was convicted for stealing N219 million. Unmask NG learnt that customers of Ohha Microfinance Bank Limited in Enugu State kept the money in a fixed deposit account with Sterling Bank Plc, its corresponding bank,...
Sokoloan, a popular online lending platform in Nigeria, would soon face serious sanctions from the federal government, as many of their customers continued to report them over harassment. Unmask NG understands that Sokoloan, and many other online lending platforms in the country, are known for threatening and harassing their customers...
Dangote Cement has disclosed that it made N405.5 billion profit before tax for the nine months ended September 2021. The N405.5 billion represents an increment to the N271.96 billion Dangote Cement recorded in the corresponding period of 2020. Unmask NG understands that the cement company made this profit accomplishment in spite...
First Bank recently made news headlines, as billionaire Femi Otedola was confirmed as the financial institution's largest shareholder. Unmask NG had reported that Otedola, in a bid to become the bank's chief, acquired a large percentage of shares, such that his acquisition surpassed those of Oba Otudeko and Oye Hassan Odukale combined. This publication understands that...