Thursday, August 11, 2022
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Corporate News

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

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...
It appears that Seplat co-founder, Bryant (ABC) Orjiakor, has been caught up in debt controversy and the shutdown of Seplat headquarters by Access Bank. Recall that few days ago, Unmask NG reported that the financial institution secured the order to shut down the headquarters over  the debt owed by Cardinal Drilling, which is...
Nigeria’s leading integrated food business and Agro-allied group, Flour mills Nigeria (FMN) Plc has appointment Omoboyede Olusanya as its new Managing Director and Chief Executive Officer. With this disclosure, Olusanya succeeds Mr. Paul Gbededo , who retires after 38 years of meritorious service to the company. Olusanya’s appointment which will take...
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...
The Chief Executive Officer (CEO) of Aero Contractors, Captain Ado Sanusi, has reacted to merging its company with Arik air. Recall that the Asset Management Corporation of Nigeria (AMCON) had plans to merge both companies due to the alleged debt burden of the airlines caused by the Coronavirus pandemic. With...
Information reaching Unmask NG has it that there’s an ongoing dispute between Access Bank and Seplat Petroleum Development Company. According to our sources, they are at loggerheads over debt. The financial institution, in a statement seen by Unmask NG, stated that the ongoing dispute was as a result of the debt owed by...
Some staff members of Access Bank Plc, have taken to the streets to protest the non-payment of their salaries and other entitlements the financial institution is owing to them. Lamenting the ill-treatment the bank melted on him alongside others, a social media user identified on Twitter as @Tobi_gogori, shared series...
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...
Adam kaka Adam, the former Branch Service Manager in charge of Vault Room and Automated Teller Machine (ATM) in Unity Bank Plc, has been sentenced to one-year imprisonment after being convicted for committing fraud. After being found guilty of one count of theft to the tune of N11,657,500.00, Justice Ibrahim Jauro...
Wema Bank Plc’s resilience was on display as the digitally driven financial institution announced its financial results for the year ended December 31, 2021. The performance which capped a remarkable year showed strong growth in key financial indices especially as the bank crossed the ₦1trillion mark in total assets. In...