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.

In what appeared to be a similar situation with Air Peace, Nigerian private airline, Bristow Helicopters has sacked no less than 100 pilots. This, according to the helicopter operator, was due to the raging COVID-19 pandemic. Sadly, the pilots were not the only ones rendered jobless, the company also sacked...
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...
Agro-tech venture Farmnow, has addressed its investors on why some of them are experiencing delays in their Return On Investment (ROI). In a circular seen by Unmask NG, the startup explained that it is currently going through a tough time, saying no thanks to the raging COVID-19 pandemic that has...
Barely five months after being appointed, Helen Iwuchukwu has resigned as the Executive Director of Transcorp Hotels Plc. Her resignation was on Tuesday, July 21, 2020, disclosed, but the Board of Directors of Transcorp Hotels had accepted it since Monday, July 20, 2020. Although, she will remain in her position...
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 Central Bank of Nigeria (CBN) has floated Tertiary Institutions Entrepreneurship Scheme (TIES), a new grant scheme in order to tackle the country's alarming unemployment rate. Unlike several other existing grants in the country, the TIES is a N500 million grant that would be accessible for students across tertiary institutions....
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...
The Operators of the Lagos Bus Rapid Transit, Primero Bus Limited has suspended all operations in Lagos state. The Transport Company took to its twitter page to give reasons why actions were suspended. It explained that its actions were due to disruption of peace at the Owode Elede and Mile-12...
Information reaching Unmask NG, has it that the operations of Fidelity Bank in Kaduna, have been halted, as the state government ordered the closure of the lender's branches. During a media parley attended by journalists in the state, Kaduna's Legal Adviser and Board Secretary of the state's tax administrator, Aisha...
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...