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Corporate News

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

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...
Following Transcorp Hilton’s decision to cut down its workforce by 40%, staff members of the hospitality company have begun an indefinite strike action. Recall that Dupe Olusola, the Managing Director, Transcorp Hotels Plc, had lamented how the firm was affected by the raging COVID-19 pandemic. Hence, according to her, in...
Coca-Cola, a beverage brand, has been caught in the heat of market dynamics caused by a simple gesture from Cristiano Ronaldo, a Portuguese professional footballer who plays for Juventus. Ronaldo, on Monday, June 14, 2021, in a clip that has since gone viral on social media, swapped a bottle...
The chairman of Innoson Group, an automobile company, Innocent Chukwuma has expressed confidence that sooner than expected, GTBank (now known as GTCO) would belong to him. Speaking with journalists, Chukwuma said GTBank is owing to him N32 billion, adding that the money would soon surpass the financial institution's capacity to...
As the world celebrates the United Nations International Mother Earth Day, leading Cement manufacturer in Africa, Dangote Cement Plc has reiterated its commitment to protecting the earth through efforts aimed at mitigating environmental degradation. Speaking on the planned activities to observe the Earth Day in Lagos, the global headquarters of...
Dangote Industries Limited (DIL) has formally listed its N300 billion Series 1 and 2 bonds issued under the Dangote Industries Funding Plc during a grand listing ceremony at both the FMDQ and the Nigeria Exchange Limited (NGX) in Lagos.  Olakunle Alake, Group Managing Director of Dangote Industries Limited told investors...
Nnamdi Okonkwo, the Chief Executive Officer (CEO) of Fidelity bank, has been arrested alongside other top officials of the bank over a N58.2 billion money-laundering scandal. Following their arrest by the Economic And Financial Crimes Commission (EFCC), Okonkwo and the other arrested officials have regained their freedoms, but the...
Mojisola Ogundiran, the founder of the United Network of Youth for Peace and Diplomacy (UNYPD), has revealed how her late father, who borrowed a sum of N40 million from Wema Bank as a customer of the financial institution, lost his property valued at N600 million. Ogundiran said out of the...
A piece of emerging information has it that billionaire Femi Otedola might soon be announced as the chairman of First Bank, as he’s on a shopping spree of the financial institutions’ shares. According to a source who disclosed this development on a condition of anonymity, the energy tycoon is acquiring a lot of shares...
The Dangote Industries Limited weekend buoyed its catalogue of approval rating with the commendations from Emir of Kano, Aminu Ado Bayero, and the Kano state governor, Abdulahi Umar Ganduje, both of whom lauded the contributions of the pan-African conglomerate to the economic well-being of Nigeria. Emir Bayero, who visited the...