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Business

Jay Y. Lee

South Korean president pardons Samsung chief Jay Y. Lee

PM NEWS Editor

4 years ago

The pardon is largely symbolic, with Lee already out on parole after serving 18 months in jail for bribery relating…
The DASH 8 Q-400 aircraft received by Aero Contractors

Aero Contractors resumes operations soon, receives two aircraft

PM NEWS Editor

4 years ago

The Managing Director of the Aero Contractors, Capt. Abdullahi Mahmood, said the second aircraft will arrive on Monday from Canada.
U.S. gasoline prices

U.S. gasoline prices fall below $4 per gallon, first time in 5 months

PM NEWS Editor

4 years ago

Prices at the pump have been tumbling for about two months after hitting an all-time high -- $5.02 per gallon…
Seplat management executives at an AGM

Buhari makes U-Turn on Seplat buying ExxonMobil assets [Updated]

PM NEWS Editor

4 years ago

Buhari on Monday consented to the $1.28 billion transaction, only for the Nigerian Upstream Petroleum Regulatory Commission to say it…
Cowry Treasurers Directors at the funds launch on Tuesday 9 August 2022 in Lagos.

Cowry Treasurers launches mutual funds in Lagos

PM NEWS Live

4 years ago

The high point of the event was the conversation segment where a four-expert discussion panel took the audience through the…
Labour Party, LP presidential candidate, Peter Obi

Nigeria must stop borrowing for consumption – Peter Obi

Kazeem Ugbodaga

4 years ago

According to Obi, it is ironical that States that received fiscal bailouts did not invest them properly and did not…
U.S. tech billionaire, Elon Musk, says one of the mistakes by DOGE in recent weeks is cutting funding for Ebola virus prevention efforts.

Elon Musk sells $6.9b Tesla shares to avoid Twitter fire sale

PM NEWS Live

4 years ago

Tesla Inc Chief Executive Officer, Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the…
President Muhammadu Buhari urges members of APC to unite and cooperate with one another to avoid defeat in the 2023 general election.

Agency cancels Buhari’s approval of ExxonMobil oil assets sale to Seplat

PM NEWS Editor

4 years ago

As it were, the issue at stake is purely a regulatory matter and the Commission had earlier communicated the decline…
Ethereum

A Beginner’s Guide to Ethereum

PM NEWS Live

4 years ago

Ethereum was not always the world's second-largest blockchain project. Vitalik Buterin co-founded the project to address Bitcoin's shortcomings.
32-year-old Ekiti man Adeosun Adeola claims that N1.6 million kept in his custody got missing in his bank account by spiritual means.

Naira loses against dollar at investors, exporters window

Nimot Sulaimon

4 years ago

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled…
Seplat and ExxonMobil

Buhari gives nod to Seplat’s acquisition of Mobil Producing Nigeria Unlimited

Ayorinde Oluokun

4 years ago

ExxonMobil, the parent company had earlier entered into a landmark Sale and Purchase Agreement with Seplat Energy to acquire the…
Ecobank Nigeria Unveils “Enduring Legacies”: A Grand Tribute to the Masters of Nigerian Art

Ecobank to host photography, art, design exhibition

Nimot Sulaimon

4 years ago

Jide Sipe, the Head, of Marketing and Corporate Communications, Ecobank Nigeria, said the exhibition was conceived by the bank to…
Baidu Inc

Baidu bags China’s first fully driverless robotaxi licenses

PM NEWS Live

4 years ago

Baidu is also in talks with local governments in Beijing, Shanghai and Shenzhen, to secure licenses within a year to…
JAIZ bank Plc alongside five of its officers drag Lagos businessman, Paul Samuel to court for allegedly using Police as a debt recovery agent

Jaiz Bank profit increases by 27.6% in six months

Ayorinde Oluokun

4 years ago

Jaiz bank’s total income also increased by 17.8 per cent during the review period, from N8.86 billion to N10.44 billion.
Elon Musk

Elon Musk gives condition for Twitter deal to go ahead

PM NEWS Editor

4 years ago

The billionaire and Tesla CEO has been trying to back out of his April agreement to buy the social media…
Pfizer

Pfizer in advanced talks to buy firm making sickle cell drugs

PM NEWS Editor

4 years ago

New York-based Pfizer, flush with cash from its COVID-19 vaccine, is on the lookout for acquisitions that could bring in…
Warren Buffett's company, Berkshire Hathaway, posts massive $43.8 billion loss

Warren Buffett’s company posts massive $43.8 billion loss

PM NEWS Editor

4 years ago

Despite the huge net loss, "the results show Berkshire's resilience," said James Shanahan, an Edward Jones & Co analyst who…
Ajaokuta steel plant

Reps seek to make Ajaokuta Steel Mill operational

Nimot Sulaimon

4 years ago

According to the committee, the steel mill would create job opportunities and help address the insecurity arising from the unemployment…
Polaris bank

Polaris Bank not sold, management debunks fake news

PM NEWS Editor

4 years ago

In a statement on Friday, the bank described the report as speculative and deliberately intended to create panic.
UK houses

House prices in UK fall first time since 2021

PM NEWS Editor

4 years ago

The weakening of the house market comes after a boom triggered by the COVID-19 pandemic and the switch to working…
Sam Egube and other key stakeholders

Ehingbeti 2022 and unveiling of 30 years Development Plan for Lagos

Kazeem Ugbodaga

4 years ago

One of the highlights of this year's summit, with the theme: "Charting the Paths to Sustainable Socio-Economic Growth," is going…
Adidas

Adidas records decline in second quarter profits

Nimot Sulaimon

4 years ago

The company said in July that it cut its outlook for the 2022 financial year, reflecting slower recovery in Greater…
Photo caption: L-R, President deLa Repulique of Niger, S.E.M.Mohamed Bazoum, President/Chief Executive, Dangote Industries Ltd, Aliko Dangote, With the Award of Order Du Merite Du Niger, Operateur Economique et Philanthropy Dr Commandeur ,, In Niger Republic On Wednesday 3rd August 2022

Niger Republic gives Dangote national honour for his health intervention

Ademola Adegbamigbe

4 years ago

President/Chief Executive of Dangote Industries Limited, Aliko Dangote was, on 3 August, conferred with the Commander of the Order of…
Shell agrees to pay 15 million Euros to farmers in Ogoni community of Nigeria's oil rich Niger Delta as compensation for pipe leakages

Shell shuts floating storage facility

Nimot Sulaimon

4 years ago

The offshore crew on board the vessel, christened Sea Eagle, reported the water inflow into the hull of the facility…
OPEC

OPEC+ snubs Biden, increases output by only 0.1 percent

PM NEWS Editor

4 years ago

The increase, equivalent to 0.1% of global demand, follows weeks of speculation that Biden's trip to the Middle East and…
Ademola Adebise, MD, Wema Bank Plc

Allegation of dud cheque, forgery against our bank, MD baseless – Wema Bank

Kazeem Ugbodaga

4 years ago

The bank also said that the warrant for the arrest of Adebise was in violation of his fundamental rights to…
Petrobas

Petrobas beats oil majors in dividends payout, second to Aramco

PM NEWS Editor

4 years ago

Petrobras' dividends were less than Saudi Arabia's state-controlled Saudi Aramco, the world's largest oil company, which produces 13 million barrels…
Olaniyan Abdulganiyy

aptLearn trains over 40,000 students in several IT courses

Michael Adesina

4 years ago

People can learn and gain the skills they need to compete and thrive in the rapidly changing tech ecosystem online…
Shell Petroleum Development Company (SPDC) General Manager, External Relations, Mr Igo Weli

Oil theft: SPDC to deploy drones to monitor pipelines, wellheads

Ayorinde Oluokun

4 years ago

Oil thieves punctured SPDC pipelines and wellheads, and thereafter, redirected crude oil to their illegal refining sites, thus denying the…
Twitter

Twitter queries banks on Musk’s attempts to undermine $44bn deal

PM NEWS Live

4 years ago

Musk has sent his own subpoenas over the past two days to Concentrix Solutions Corp, a data analytics firm, and…
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