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Corporate News

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

Dangote Industries Limited (DIL), has emerged as the Most Valuable Brand in Nigeria for a record 5th year in a row at the outcome of the 2022 corporate brand evaluation, conducted by the leading brand and marketing research firm, TOP 50 BRANDS NIGERIA. Dangote emerged top with an aggregate score of...
Following Chevron Nigeria Limited's decision to cut down its workforce, oil unions, Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have vowed to take action against the oil multinationals. According to a statement signed by Williams Akporeha, NUPENG's...
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...
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...
As part of an effort to aid trades among African countries and strengthen the continent's economy, an all-encompassing and highly anticipated payment system anticipated, the Pan-African Payments and Settlement System (PAPSS) has been officially launched. The payment technology was launched in Accra, Ghana, on Thursday, January 13, in a virtual...
For the third quarter of 2022, the Management of Dangote Cement has recorded an increase in the overall volume of cement sales by 6.2 percent to 20.8metric tons. This was achieved despite the elevated inflation that is due to a very volatile global environment. To further increase the supply of...
A report read on the floor of Lagos House of Assembly, has uncovered how NIMCO construction company Ltd has been short-changing the state government. The report which detailed how NIMCO had defrauded the government to the tune of several hundreds of millions, which includes non-payment of tax, was read to...
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...
Glo has topped the list of telecommunication companies with the highest loss of subscribers in the period ended April 2021. As seen in new industry statistics released by the Nigerian Communications Commission (NCC), the telco owned by billionaire -Mike Adenuga, dropped from 52,918,718 subscribers in March to 50,598,855 in...
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...