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Corporate News

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

In a renewed effort to rid the Dangote Group of unscrupulous drivers who engaged in illegal haulage activities and others who constituted themselves into menace to other road users, the company’s drivers’ Patrol team, has made several arrests of drivers, and handed them over to relevant authorities. Dangote’s management, it...
The Senate has launched the probe of commercial banks across the country over excessive charges on their customers' accounts. In order to effect the ongoing probe, the ninth senate mandated the Senator Uba Sani, All Progressives Congress (APC), Kaduna Central-led Committee on Banking, Insurance, and other Financial Institutions, to carry out a...
Nigerian airline, Arik Air has retrenched over 300 workers. While making the disclosure, the airline’s Public Relations and Communications Manager, Adebanji Ola, in a statement said the company took the decision to downsize its workers due to the COVID-19 pandemic which has caused the airline a major setback financially. The statement...
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...
The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery as one of the key expected drivers of growth that would impact positively on the downstream sector of the Nigerian economy in 2022. Likewise, Financial Derivatives Company Limited, a financial institution, in...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the Dangote Petroleum Refinery, upon which the hope of the nation rests for fuel sufficiency is now 97 per cent completed. The agency has also commended the work done on the project. The refinery, with 650,000 barrels per-day...
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...
Commercial banks and mobile network operators, TELCOS have commenced discussion on how the Unstructured Supplementary Service Data (USSD) accumulated debt will be paid. In response to the development, the Chairman, Association of Licensed Telecommunication Operators of Nigeria, Gbenga Adebayo, said, “Discussions are ongoing and we are hoping that this will...
Management of Dangote Refinery have debunked a report published on the online platforms of some media organisations that the company employed 11,000 skilled workers from India while allegedly neglecting youths from Nigeria and other African countries. In his response, the Group Chief Branding & Communications Officer, Anthony Chiejina said the...
Sunday, November 14, 2021, was a sad day for the African richest man Aliko Dangote, who lost his brother Sani, to a protracted illness in the United States (US). In a statement seen by Unmask NG on Monday, November 15, Dangote Industries, the conglomerate Sani served as a Vice President...