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...
Dollar to naira, on Wednesday, November 10, 2021, opened at N413.89 at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade. According to the data at the FMDQ Security Exchange where forex is traded officially, dollar to naira exchange rate stood at N413.89/$1 today. This means that the Nigerian currency gained...
Banking Expert Kalu Aja, on Monday, November 8, 2021, counselled couples on how they can manage their investments and other resources they have. In a series of tweets seen by Unmask NG, Aja, who's a highly revered financial and investments expert, cited a scenario where a woman who had just...
Nigeria's telco giants MTN and Airtel have secured the nod from the Central Bank of Nigeria (CBN) to become financial technology (FinTech) firms. Confirming this development in separate statements seen by Unmask NG, MTN and Airtel disclosed that with CBN's Approval in Principle, they can now operate payment services in...
N-power is an empowerment scheme President Muhammadu Buhari floated to cushion the effect of Nigeria's poverty and alarming unemployment rates. Launched in 2016, with the payoff -'Empowering Nigerian Youths for Prosperity', it is a scheme designed specifically for the youths, and it's expected to improve their social development. Unmask NG understands...
Last night (Monday, November 1, 2021), the news of socialite Obi Cubana's arrest quickly spread like wildfire, such that Unmask NG published it among other mainstream news platforms. About 24 hours after Obi Cubana, whose real name is Obinna Iyiegbu, was taken into custody by the Economic and Financial Crimes...
In order to shield bandits from attacking, the federal government has tightened its security across Nigerian airports. According to Captain Rabiu Yadudu, the managing director of the Federal Airports Authority of Nigeria (FAAN), who made this disclosure, there are now more policemen and equipment deployed to Nigerian airports for the...
Dangote Cement has disclosed that it made N405.5 billion profit before tax for the nine months ended September 2021. The N405.5 billion represents an increment to the N271.96 billion Dangote Cement recorded in the corresponding period of 2020. Unmask NG understands that the cement company made this profit accomplishment in spite...
Dollar to naira lingering issue has attracted the attention of the World Bank, such that it counselled the Central Bank of Nigeria (CBN) on how to stabilise the foreign exchange (forex) market. In an interview with Punch, Shubham Chaudhuri, the Country Director for Nigeria, World Bank, said even though the...
A piece of emerging information has it that billionaire Femi Otedola might soon be announced as the chairman of First Bank, as he’s on a shopping spree of the financial institutions’ shares. According to a source who disclosed this development on a condition of anonymity, the energy tycoon is acquiring a lot of shares...