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Business

Naira

More woes as Naira plummets to Dollar again

Kazeem Ugbodaga

4 years ago

The figure represented a decrease of 0.42 per cent compared with the N428.88 it exchanged for the dollar on Monday.
Dangote Cement Factory

Dangote Cement deploys more facilities in Ghana, Cote d’Ivoire

Ademola Adegbamigbe

4 years ago

Dangote Cement is Africa's leading cement producer with nearly 51.6Mta capacity across Africa.
OPEC's new Secretary-General, Haitham Al-Ghais

Al-Ghais assumes office as OPEC Secretary General

Ayorinde Oluokun

4 years ago

Al-Ghais succeeded the late OPEC Chief, Nigeria’s Mohammad Barkindo, who died on July 5.
Keystone Bank

Keystone Bank launches Apprentice Settlement Savings account for business owners

Kazeem Ugbodaga

4 years ago

According to the bank, the new account also known as ‘Oga Account’ which was formally launched on Wednesday, in Lagos,…
"Minimum wage above N62,000 will lead to job losses" - NECA

Oyerinde appointed new NECA DG

Ayorinde Oluokun

4 years ago

Oyerinde holds a Bachelor’s and Master’s degree in Industrial Relations and Personnel Management from the University of Lagos.
Emefiele: Ex-CBN director confirms receiving $2.5m as gift from $6.2m election money

Poor economy: Emefiele has failed, sack him now – Youth Council tells Buhari

Kazeem Ugbodaga

4 years ago

The Naira within the week depreciated to an all-time low of N730 to a U.S dollar at the parallel market.
Twitter imposes restriction on number of tweets to read per day

Elon Musk countersues Twitter

Nimot Sulaimon

4 years ago

Earlier in July, the Tesla CEO had announced that he was giving up on the acquisition. He accused Twitter of…
The mega transformers ordered by the Nigeria under the first phase of the Presidential Power Initiative during the test at Siemens Energy in Italy

Siemens Energy set to begin delivery of Nigeria’s mega transformers

Ayorinde Oluokun

4 years ago

In 2018, President Muhammadu Buhari initiated the Presidential Power Initiative (PPI) that will enable Siemens Energy to upgrade Nigeria’s electricity…
Alerzo

Alerzo CEO, others chart way forward for retail business in Nigeria

Kazeem Ugbodaga

4 years ago

The six-day event which was held from July 25 to 30 in Victoria-Island, is the sixth edition and witnessed over…
Emirates announces it will resume flight services to Nigeria from 1 October 2024 with a daily service between Lagos and Dubai.

Emirates Airline cuts flights to Nigeria over blocked funds

PM NEWS Editor

4 years ago

The Emirates letter dated 22 July, said the reduced frequency will begin 15 August. The letter was signed by Sheikh…
FCMB Group records 73.2% profit

FCMB Group Plc records 73.2% profit

Ademola Adegbamigbe

4 years ago

For the six months ended June 30, 2022, FCMB Group Plc has reported better-than-impressive Earnings, Revenue, Deposits, Loans and Asset…
Wema Bank

Wema Bank hits ₦5.3bn profit after tax in first half of 2022

Kazeem Ugbodaga

4 years ago

The N5.3 billion PAT represents an improvement from the from ₦3.72 billion posted in the first half of last year.…
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 crashes again at Investors, Exporters window

Nimot Sulaimon

4 years ago

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled…
Lekki Deep Seaport

Lekki Seaport to begin commercial operations

Ayorinde Oluokun

4 years ago

With the approval and level of preparedness, Lekki Deep Seaport is set for berthing commercial vessels before year-end
Precious Future Jonah

How I built my chain of businesses from university – Precious Future

Kazeem Ugbodaga

4 years ago

Jonah's exploits in the fields of Space Science, Robotics, Smart Technology, Cryptocurrency & Fintech, Virtual Reality Gaming, eSports, eCommerce, Electrical…
NAICOM constitutes 2025 Recapitalisation Committee, following President Bola Tinubu’s assent to the NIIRA 2025.

More insurance companies may be liquidated – NAICOM

Ayorinde Oluokun

4 years ago

Recently two insurance companies’ licences have been withdrawn and these are: Niger Insurance and Standard Alliance Insurance.
Minister of Finance, Zainab Ahmed

Nigerians to begin payment of 5% excise duty on telecom services

Ayorinde Oluokun

4 years ago

The five per cent will be added to the already existing 7.5 per cent Value Added Tax (VAT) on telecommunications…
Nigerian bourse records further downturn, capitalisation loses N281bn

Nigerian bourse records further downturn, capitalisation loses N281bn

Michael Adesina

4 years ago

The Nigerian bourse on Thursday closed further with a loss, as market capitalization shed N281.2 billion to close at N26.78…
IMF Managing Director, Kristalina Georgieva, expresses concerns over new U.S. tariffs, calling them a major risk to the global economy

IMF dubs world economy gloomy, uncertain

Nimot Sulaimon

4 years ago

The IMF said the new assessments are due to “higher-than-expected inflation worldwide, especially in the United States and major European…
Emefiele: Ex-CBN director confirms receiving $2.5m as gift from $6.2m election money

JUST IN: Senate to summon CBN Governor Emefiele over free fall of Naira

Kazeem Ugbodaga

4 years ago

The upper chamber also called on the CBN to urgently intervene to stop the rapid decline in the value of…
Lufthansa

Strike: Lufthansa cancels more than 1,000 flights

Nimot Sulaimon

4 years ago

Approximately 20,000 ground staff employed by Lufthansa will stage a one-day strike on Wednesday in order to build pressure on…

Redefining supply chain in Nigeria’s retail market space

Kazeem Ugbodaga

4 years ago

The retail business is growing with the redefinition of how supply meets demand. Most recently, retailers need not worry on…
Lufthansa

Lufthansa ground staff to strike Wednesday

PM NEWS Live

4 years ago

Verdi was negotiating on behalf of about 20,000 ground staff crew members, including technicians and logistics workers, without whose services…
President Buhari (middle) at the unveiling of NNPC Limited

Understanding the new NNPC Ltd.

Ayorinde Oluokun

4 years ago

With the new commercial focus and corporate identity, NNPC would now be regulated in line with the provisions of the…
Betting

What does the average Nigerian bettor want from a Betting Site?

PM NEWS Live

4 years ago

The betting scene in Nigeria is still developing. However, bettors in Nigeria are always very clear about their wants.
Minister of Industry, Trade and Investments Adeniyi Adebayo (CON)

How to revive Nigeria’s industries

Ademola Adegbamigbe

4 years ago

Professor Oyelaran-Oyeyinka, senior special adviser to the African Development Bank president on industrialization uses the case studies of China and…
NLNG in Bonny Island

EU to replace Russian gas with Nigeria’s

Nimot Sulaimon

4 years ago

Since the invasion of Ukraine, the EU has been scrambling to wean itself off Russian gas but is alarmed about…
BUA Group Chairman, Abdul Samad Rabiu explains how policies by President Bola Tinubu resulted in crash of prices of food items

BUA Cement declares N88.1bn dividend payout for stakeholders

Kazeem Ugbodaga

4 years ago

This approval was given during the company’s 6th Annual General Meeting held in Abuja, and comes on the back of…
Sanwo-Olu condoles with Soludo over father’s death

Anambra Assembly gives Soludo nod to borrow N100bn

Kazeem Ugbodaga

4 years ago

Soludo had, on July 5, written to the Assembly, seeking approval to secure a N100 billion Global Limit Multiple Term…

Amazon Web Services Outposts Rack launches in Nigeria

Michael Adesina

4 years ago

AWS Outposts are fully-managed and configurable compute and storage racks built with AWS-designed hardware that allows customers to run AWS…
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