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.

Trouble for GTBank as one of its customers, Funke Adeoye narrated how the financial institution fraudulently transferred N200,000 from her bank account into another account, belonging to Bet9ja, a betting company. Surprisingly to members of the public, Adeoye isn't the only one calling out GTBank for fraud-related matters, particularly transferring...
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...
Jiji, one of the leading classified marketplace in Africa, now controls Cars45, a leading automotive trading platform in Nigeria, after concluding its acquisition in an undisclosed deal. Explaining why the acquisition was pertinent to Jiji, the company's co-founder, Vladimir Mnogoletniy said it’s looking for opportunities outside of the classifieds business. “In...
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...
The Central Bank of Nigeria (CBN), has maintained silence as Wema Bank on Wednesday, November 17, 2021, flouted the Twitter ban. It all started when singer Davido appealed to his fans, and friends to donate N1 million each to him in celebration of his fast-approaching birthday. Shortly after making the post...
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...
The 2020 financial projection for Transcorp Hotels Plc is no longer feasible. This indication emerged as the quoted hospitality company recorded a significant financial drop in revenue, in its first-quarter period for the year. As COVID-19 continues to ravage different sectors of the economy, including the hospitality sector, Transcorp's group...
Telecommunications giant, MTN Group has announced that it has reversed its 2020 budget downward. Having budgeted $1.5 billion as its capital investment for the year, the telco said it is necessary to cut down the budget to $1.1 billion. Reason for cutting down the budget According to the group, the decision to...
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...
Financial experts and analysts have predicted what the future holds for First Bank and how its shares would fair in the coming days and weeks, and billionaire Femi Otedola emerges as the financial institution's largest shareholder. Unmask NG had reported how Otedola acquired a large percentage of shares that surpassed...