As coronavirus continues to ravage the Nigerian economy, beverage companies appear to be in a storm. This, according to industry observers, is because thousands of jobs are at risk.
Unmask NG understands that beverage companies in Nigeria are recording losses, an unexpected development that has crippled their operations.
Speaking on the...
Information reaching Unmask NG has it that there's an ongoing dispute between board members of Jaiz Bank. According to our sources, they are all at loggerheads over the re-appointment of Hassan Usman, as the financial institution's Managing Director (MD).
Recently, Jaiz Bank moved to appoint Muhammad Shaheed Khan as a...
As jumia records a significant loss of €28 million between July to September 2020, it recounts the losses on the nationwide #EndSars protest against police brutality in the country.
For jumia, the recorded losses didn’t come as a surprise, as they are usually skeptical about insecurities in any economy and...
Dangote Cement has disclosed that it made N405.5 billion profit before tax for the nine months ended September 2021.
The N405.5 billion represents an increment to the N271.96 billion Dangote Cement recorded in the corresponding period of 2020.
Unmask NG understands that the cement company made this profit accomplishment in spite...
Nigeria's telco giants MTN and Airtel have secured the nod from the Central Bank of Nigeria (CBN) to become financial technology (FinTech) firms.
Confirming this development in separate statements seen by Unmask NG, MTN and Airtel disclosed that with CBN's Approval in Principle, they can now operate payment services in...
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...
Shell Petroleum Development Company of Nigeria Limited, (SPDC), a subsidiary of Royal Dutch Shell, have been allegedly accused of being the brain behind oil spillages so as to gain from the money spent on clean-up operations and repair.
According to a Dutch environmental group , Milleudefensie, it claimed that the...
The supreme court has announced the reversal of its earlier verdict which struck out an appeal by Guaranty Trust Holding Company Plc (GTCO) formerly known as GTBank against the N2.4 billion judgment given in favour of Innoson Vehicles Manufacturing, an automobile company.
The apex court said it erred and the...
Chams Plc is struggling to survive under Managing Director, Gavin Young, as revenue fell by 63.8% in the third quarter of 2020.
The information available to Unmask NG has it that Chams Plc's revenue failed to surpass the NGN847.4 million of last year Q3, after generating NGN306.7 million in 2020...
President Muhammadu Buhari has invited French investors to come and put their money to work in Nigeria, as he assured them of a safe business environment.
During his keynote address in Paris, France, during the one-day Nigeria International Partnership Forum, Buhari, in spite of the alarming inflation rate and foreign...