Ecobank Nigeria Limited has warned Flour Mills of Nigeria Plc, against the proposed acquisition of equity stake in Honeywell Flour Mills Plc. According to the financial institution, purchasing an equity stake in Honeywell Flour Mills Plc is too risky considering the fact that Honeywell Group Limited, the parent firm, had...
Flour Mills of Nigeria Plc (FMN) and Honeywell Group Limited (HGL) would soon finalise their plan to merge, as they signed an agreement for the proposed combination of FMN through its affiliates. The merger would see the establishment of Honeywell Flour Mills Plc (HFMP), a portfolio company of HGL, at...
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...
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...
The Central Bank of Nigeria (CBN), has maintained silence as Wema Bank on Wednesday, November 17, 2021, flouted the Twitter ban. It all started when singer Davido appealed to his fans, and friends to donate N1 million each to him in celebration of his fast-approaching birthday. Shortly after making the post...
Agro-tech venture Farmnow, has addressed its investors on why some of them are experiencing delays in their Return On Investment (ROI). In a circular seen by Unmask NG, the startup explained that it is currently going through a tough time, saying no thanks to the raging COVID-19 pandemic that has...
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...
Air Peace CEO Allen Onyema discusses why its customers experience flights cancellation. For Allen Onyema, the Chief Executive Officer (CEO) of Air Peace, cancellation of flights is what its customers face due to unforeseen circumstances. In an interview with This Day, where he explained why that happens sometimes, Onyema said Air...
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...
Payment platform Flutterwave has concluded the acquisition of Disha, a content creator platform. Unmask NG understands that with this development, Flutterwave made its first public acquisition since it commenced operations five years ago. While the acquisition will bolster Disha's payments checkout process, Flutterwave will help the content creator platform to reposition...