Monday, January 17, 2022
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Corporate News

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

Sijibomi Ogundele, the Managing Director (MD) and Chief Executive Officer (CEO) of Sujimoto, a real estate company, recently granted an interview, where he talked about an investment opportunity in his firm. When asked if there is an investment opportunity in his company in view of the lingering novel coronavirus, Ogundele...
The National Insurance Commission (NAICOM) has said insurance companies would henceforth be sanctioned if it is guilty of huge unsettled claims. This disclosure was made at a meeting organised by the NAICOM and the College of Insurance and Financial Management (CIFM), which held in Lagos. In his presentation, Commissioner for Insurance,...
No less than 120 managing directors, deputy managing directors and executive directors of deposit money banks, including those of Access Bank and United Bank for Africa (UBA), are likely to spend 10 years imprisonment due to their non-compliance to Bank Employees, ETC (Declaration of Assets) Act 1986. In what appeared...
Dangote Group has advised African leaders to unanimously adopt the fixing of their infrastructure deficit, saying with this, intra-trade amongst them would be more efficient. Speaking on the sidelines of the ongoing Intra-African Trade Fair (IATF), Rabiu Umar, the Commercial Operations Officer, Dangote Group, said aside from the fixing of...
In what appeared to be a similar situation with Air Peace, Nigerian private airline, Bristow Helicopters has sacked no less than 100 pilots. This, according to the helicopter operator, was due to the raging COVID-19 pandemic. Sadly, the pilots were not the only ones rendered jobless, the company also sacked...
MTN Nigeria has lost no fewer than 400,000 MTN subscribers in less than a month. This is due to claims that MTN data bundles exhaust faster than other networks. Recall that in September,MTN's grip in the telecommunications market slacked as its market share dropped from 40.90% to 40.30%. While MTN was...
First Bank has reacted to a report published on Unmask NG, alleging that billionaire Femi Otedola may soon be announced as the financial institution's chief, as he's secretly engaging himself in what seemed to be a hostile takeover. The report, which was culled from Newsrand, has it that Otedola was...
The Economic and Financial Crimes Commission (EFCC), has arrested First Bank Chairman Nnamdi Okonkwo, as it uncovered an additional $72.8 million linked to the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke. According to a top official of the anti-graft agency, Okonkwo's arrest became pertinent, as the recently-uncovered $72.8 million...
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...