Sunday, October 24, 2021
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Corporate News

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

The Chief Executive Officer (CEO) of Aero Contractors, Captain Ado Sanusi, has reacted to merging its company with Arik air. Recall that the Asset Management Corporation of Nigeria (AMCON) had plans to merge both companies due to the alleged debt burden of the airlines caused by the Coronavirus pandemic. With...
Information reaching Unmask NG has it that there’s an ongoing dispute between Access Bank and Seplat Petroleum Development Company. According to our sources, they are at loggerheads over debt. The financial institution, in a statement seen by Unmask NG, stated that the ongoing dispute was as a result of the debt owed by...
Some staff members of Access Bank Plc, have taken to the streets to protest the non-payment of their salaries and other entitlements the financial institution is owing to them. Lamenting the ill-treatment the bank melted on him alongside others, a social media user identified on Twitter as @Tobi_gogori, shared series...
Nnamdi Okonkwo, the Managing Director (MD) of Fidelity Bank has been honoured for transforming Fidelity Bank. For his leadership role in the bank's transformation process, Okonkwo won The Banking Sector CEO of the Decade at the BusinessDay Banks and Other Financial Institutions (BAFI), which recently Awards held in Lagos. While receiving...
Adam kaka Adam, the former Branch Service Manager in charge of Vault Room and Automated Teller Machine (ATM) in Unity Bank Plc, has been sentenced to one-year imprisonment after being convicted for committing fraud. After being found guilty of one count of theft to the tune of N11,657,500.00, Justice Ibrahim Jauro...
Investors' confidence is jittery towards Wema Bank stocks as the lender's earnings for nine months of 2020 dropped by 10.8%. For the past two weeks, Wema Bank's investors' confidence has been fluctuating in the stock market, and that's since the company released its financial statements. In Wema Bank's earnings report...
The National Insurance Commission (NAICOM) has said insurance companies would henceforth be sanctioned if it is guilty of huge unsettled claims. This disclosure was made at a meeting organised by the NAICOM and the College of Insurance and Financial Management (CIFM), which held in Lagos. In his presentation, Commissioner for Insurance,...
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...
There seems to be Panic in the air as Access bank investors begin to lose confidence due to customers closing their accounts. Recall that Access Bank, after receiving a directive from the Central Bank of Nigeria (CBN) blocked accounts of eight protesters who took part in the #EndSARS protest. Surprisingly, Access...
Federal Capital Territory Administration (FCTA) has disclosed why L&N restaurant was shut down in Abuja. This follows a claim by the founder of the restaurant over the alleged closure of the restaurant. It all began when the founder of L&N restaurant, Layla Othman accused AMAC, of closing her restaurant while...