Wednesday, December 1, 2021
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Corporate News

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

As coronavirus continues to ravage the Nigerian economy, beverage companies appear to be in a storm. This, according to industry observers, is because thousands of jobs are at risk. Unmask NG understands that beverage companies in Nigeria are recording losses, an unexpected development that has crippled their operations. Speaking on the...
Farmcrowdy Limited, over the weekend, celebrated its four years anniversary with new products launch. In commemoration of its anniversary, the leading agrictech company launched two new products -Farmcrowdy Foods, and the Farmcrowdy Trader. While introducing the new products, Founder and CEO, Farmcrowdy, Onyeka Akumah said the company will focus on the...
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...
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...
For Tony Elumelu, the Chairman of UBA Group and Heirs Holdings, there is no better time to invest in Africa than now. As global economy is devastatingly hit by the lingering infectious disease, Elumelu advised investors to take advantage of the situation to invest in Nigeria, and other countries in...
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...
Financial experts and analysts have predicted what the future holds for First Bank and how its shares would fair in the coming days and weeks, and billionaire Femi Otedola emerges as the financial institution's largest shareholder. Unmask NG had reported how Otedola acquired a large percentage of shares that surpassed...
Shoprite, one of Africa's foremost retailers, has called it a quit in Nigeria after 15 years of operations in the country. Disclosing its decision to abandon Nigeria's consumer market, Shoprite stated that it's considering a potential divestment from its Nigerian operation – Retail Supermarkets Nigeria Limited. “Following approaches from various potential...
Chinese manufacturing and servicing company, Inner Galaxy Group has been called out for enslaving its Nigerian workers. The dehumanisation was captured by a Twitter handle, @Truthfully83. In what appeared to be an investigative exposure, Inner Galaxy Group's enslavement of its Nigerian workers was exposed in a series of post on Twitter. Below...
Guarantee Trust Company (GTCO) is currently enmeshed in a N1 billion defamation suit over an alleged libellous publication against Corporate Forwarders Limited. Solicitors to Corporate Forwarders, in a letter addressed to GTCO, demanded a retraction, an apology and a compensation for the injurious libellious falsehood' against its client. According to the...