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.

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...
Harzoyka, an Indian restaurant located in the Ikeja area of Lagos, has been accused of discrimination against its female customers. According to Aisha Salaudeen, a CNN reporter who took to her Twitter page, to call out the restaurant over discrimination, Harzoyka would only allow ladies to come to feast only with...
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...
Following Transcorp Hilton’s decision to cut down its workforce by 40%, staff members of the hospitality company have begun an indefinite strike action. Recall that Dupe Olusola, the Managing Director, Transcorp Hotels Plc, had lamented how the firm was affected by the raging COVID-19 pandemic. Hence, according to her, in...
Coinbase, a digital currency exchange headquartered in San Francisco, California, United States, has provided the details of how it leveraged the purchase of $425 million bitcoin for MicroStrategy, an intelligence company. Providing the details of how the purchase was done, Brett Tejpaul, the head of institutional sales at Coinbase, revealed...
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...
Total Nigeria, an oil multinational company in the country, has hurriedly retired Patrick Olinma as its Executive Director. Unmask NG understands that Olinma, who was overseeing the commercial activities of Total Nigeria, was forced to retire from his position, as the Economic and Financial Crimes Commission (EFCC) probes him. According to...
On Monday, November 29, 2021, Jack Dorsey announced that he had resigned from his role as the Chief Executive Officer (CEO) of Twitter, and Parag Agrawal would take over from him. While noting that his decision to resign from Twitter wasn't an easy one, Dorsey said he was handling it...
GTBank has secured the approval of the Central Bank of Nigeria (CBN) to become a financial holding company, with its Approval-In-Principle. This follows a month after Sterling Bank obtained theirs in order to branch out of the core banking business. With its Holding Company status, GTBank will commence its restructuring, which...
Sunday, November 14, 2021, was a sad day for the African richest man Aliko Dangote, who lost his brother Sani, to a protracted illness in the United States (US). In a statement seen by Unmask NG on Monday, November 15, Dangote Industries, the conglomerate Sani served as a Vice President...