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Corporate News

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

Shell Nigeria has explained that its Bonga Oil Field project suffered a setback due to operational glitches. Sources in the oil and gas firm, who made this disclosure, said the oil field has suffered setbacks, such that the completion of its expansion has been postponed by two years. What you should...
Management of the pan-African cement manufacturer, Dangote Cement Plc has revealed that once the shareholders at the AGM slated for April 13, 2023, approve the proposal, the shareholders whose names are registered in the Company's Register of Members at the close of business on 30 March 2023 will be...
Chams Plc is struggling to survive under Managing Director, Gavin Young, as revenue fell by 63.8% in the third quarter of 2020. The information available to Unmask NG has it that Chams Plc's revenue failed to surpass the NGN847.4 million of last year Q3, after generating NGN306.7 million in 2020...
There seems to be Panic in the air as Access bank investors begin to lose confidence due to customers closing their accounts. Recall that Access Bank, after receiving a directive from the Central Bank of Nigeria (CBN) blocked accounts of eight protesters who took part in the #EndSARS protest. Surprisingly, Access...
Bank customers and Point of Sale (PoS) operators in Zamfara, Katsina, Sokoto, and Kaduna states, have expressed their sadness over the untold hardship imposed on them by the ongoing halt of services by MTN, and other telcos. Sources in the affected states confirmed to Unmask NG that the ban of...
Popular digital marketplace, Jiji, is one of the leading platforms that is making eCommerce possible and a lot easier for tech-savvy Nigerians. Launched in 2014, the online shopping classified has arguably grown to become Nigeria’s largest marketplace where vendors can buy and sell anything online -new and used. I have heard...
GTBank, the subsidiary of Guaranty Trust Holding Company (GTCO), may soon be sanctioned by the Central Bank of Nigeria (CBN). This is as the former’s customers continue to experience unauthorised deductions from their accounts. One of the affected customers, Oyeyemi Oluwatobi, a paint manufacturer and housing exterior decorator, whose account with...
Aggrieved workers of Intels Nigeria Limited has vowed to shut down the company's operations should the management refuse to meet their demands. The Management of INTELS, after experiencing a tip of the iceberg from its workers where gates were being blocked to show a sign of displeasure, called upon the...
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...
Africa’s largest cement producer, Dangote Cement Plc has announced improvements in performance measurement indices for the nine months ended Thursday, September 30, 2021. This is as even the Group sales hit 22.2 million tonnes. Sales volume in Nigeria remained strong and accounted for 14.1 million tonnes despite heavy rains in...