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.

Like many other concerned individual Nigerians and corporate organisations, BUA Cement Plc, through its chairman, Abdul Samad Rabiu, has provided support in the fight against COVID-19, the infectious disease plaguing the whole world. This is not in doubt. However, the company’s public disclosure that it has committed over N7 billion...
Union Bank of Nigeria Plc has been ordered to pay a N5.5 million fine for damages. Justice Winifred Effiong of a High Court of Akwa Ibom, sitting in Uyo, the state capital, found Union Bank guilty of the breach of agreement allegation brought before it by some customers of the...
The blockchain industry has again faced another obstacle, as Financial Conduct Authority (FCA), United Kingdom's (UK) financial regulator, banned Binance. With the new development, Binance, which is one of the world's largest cryptocurrency exchanges, can no longer conduct any regulated activity in the country. In a notice seen by Unmask NG, the...
Jack Dorsey, on Monday, November 29, 2021, in a mail addressed to the staff of Twitter, stated that his resignation as the Chief Executive Officer (CEO) of the micro-blogging site is a tough decision. Unmaskng.com understands that there were viral news reports that claimed Dorsey would step down from his...
Nigerian Manufacturers has shown concern over alarming electricity tariff across different states in the country. In an address issued by the president, Manufacturers Association of Nigeria, MAN, Mansur Ahmed, said that the discrepancy between electricity tariffs had been observed to suit some part of the country.  He added that the difference in...
As jumia records a significant loss of €28 million between July to September 2020, it recounts the losses on the nationwide #EndSars protest against police brutality in the country. For jumia, the recorded losses didn’t come as a surprise, as they are usually skeptical about insecurities in any economy and...
Zenith Bank and GTB have been ordered to immediately grant Rise Vest Technologies Ltd, a fintech company, unfettered access to its accounts. An Abuja federal high court gave this order. as it faulted the Central Bank of Nigeria (CBN) for directing the banks to block Rise Vest from accessing its...
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...
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...
President Muhammadu Buhari has invited French investors to come and put their money to work in Nigeria, as he assured them of a safe business environment. During his keynote address in Paris, France, during the one-day Nigeria International Partnership Forum, Buhari, in spite of the alarming inflation rate and foreign...