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The Cinema Exhibitors Association of Nigeria (CEAN) says it generated N482m revenue across all cinemas in July, lower than N567m in June.

CEAN: Why Nigeria’s box office revenue fell by 44% in June

Ayorinde Oluokun

4 years ago

“20 Nollywood films shown in June accounted for 28 per cent of total ticket sales, while 14 films, Hollywood films…
Mele Kyari

Exxon Mobil, Shell pursue $2.67 billion claim against NNPC in U.S.

PM NEWS Editor

4 years ago

The dispute arose from a 1993 contract for Esso Exploration and Production Nigeria Ltd and Shell Nigeria Exploration and Production…
B2B e-Commerce

Nigeria’s digital economy to make significant contribution to GDP

Kazeem Ugbodaga

4 years ago

By connecting manufacturers and distributors to micro businesses through digital technology, B2B e-commerce companies are making the FMCG supply chain…
Rogers Communications suffers outage in Canada

Rogers down and out in Canada

PM NEWS Editor

4 years ago

The outage, which appears bigger than the one last year that largely affected consumers, comes as Rogers is attempting to…

African Insurance Finance Leaders Transforming the Sector

Michael Adesina

4 years ago

Across Africa, a new wave of finance professionals is reshaping the insurance landscape. From Nigeria to Kenya and Ghana, five…
Sterling Bank

Sterling Bank’s Impact Summit to attract 2,000 participants across Africa

Ademola Adegbamigbe

4 years ago

Sterling One Foundation has announced that over 2000 people have registered to participate in the premier edition of the Africa…
16 firms pre-qualify for 5 NIPPs privatisation

16 firms pre-qualify for 5 NIPPs privatisation

Ademola Adegbamigbe

4 years ago

Sixteen firms have been pre-qualified for the privatisation of five National Integrated Power Projects (NIPPs) in the country, Director General…
MD TotalEnergies, Mike Sangster

Nigeria loses $10m daily to crude oil theft – TotalEnergies MD

Ayorinde Oluokun

4 years ago

Sangster said TotalEnergies had declared a force majeure on its OML 58 and had stopped production since Feb. 24 due…
KEDCO says it lost about 6,000 transformers to vandals in Jigawa, Kano, and Katsina states during the recent four-day nationwide blackout

FG, Fidelity Bank, AMCON take over 5 DISCOs over debts

PM NEWS Editor

4 years ago

The NREC and BPE chiefs said the new boards for the affected discos have been approved and the bureau was…
NLNG in Bonny Island

NLNG hit by crude oil theft, pipeline sabotage, output shrinks

PM NEWS Editor

4 years ago

Mshelbila said his company had stopped exports of liquefied petroleum gas for domestic use to meet demand from the local…
Residents of North London constituency say they have lost faith in Rishi Sunak

British Pound Sterling hits new low as finance minister quits

PM NEWS Editor

4 years ago

The resignation, along with that of the health minister, Sajid Javid threw Prime Minister Boris Johnson's government into a crisis.

Zenith Bank named Nigeria’s best commercial bank

Kazeem Ugbodaga

4 years ago

The bank was also named as the Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022.
Patience Oniha of DMO

DMO lists N250bn Sovereign Sukuk on NSE, FMDQ

Nimot Sulaimon

4 years ago

The listing is done to maximise market liquidity for investors in the Sovereign Sukuk, according to the Debt Management Office…
EU highlights economic consequences of the conflict in Middle East for Europeans due to the EU’s high dependencies on fossil fuel imports.

EU plans $1.3B investment in Nigeria to aid economic diversification

PM NEWS Editor

4 years ago

Nigeria has been trying to broaden its economy and exports outside the oil sector, which accounts for about 7% of…
Stock Market

Stock market posts losses, capitalisation down by N20bn

Kazeem Ugbodaga

4 years ago

Specifically, the market capitalisation lost N20.6 billion or 0.07 per cent to close at N27.921 trillion from N27. 941 trillion…
President Faustin-Archange Touadera renews faith in cryptocurrency

Central African Republic renews faith in cryptocurrency

PM NEWS Editor

4 years ago

The Central African Republic's enthusiasm for cryptocurrencies does not seem to have been dented by recent losses in their values,…
Cherry Eromosele

Eromosele becomes Executive Vice President, Marketing, Comm., Interswitch

Kazeem Ugbodaga

4 years ago

She will also be accountable for developing and institutionalizing sound and sustainable processes that help realize Interswitch’s brand, marketing and…
illegal crude oil refiners

Nigeria loses $1billion to crude oil thieves in 3 months

PM NEWS Editor

4 years ago

Gbenga Komolafe, the head of the Nigerian Upstream Petroleum Regulatory Commission, said of the 141 million barrels of oil produced…
Top real estate firm Pertinence launches signature project, IRE

Top real estate firm Pertinence launches signature project, IRE

Michael Adesina

4 years ago

Pertinence prides itself to have sold around 2.1million square metres of land within 80 estate locations across seven Nigerian states,…
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 gains marginally against dollar at investors 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…
The Hong Kong vessesl at Lekki Deep Sea Port

First vessel from Hong Kong berths at Lekki deep seaport

PM NEWS Editor

4 years ago

The arrival of the vessel from Hong Kong, according to Mr Mohammed Bello-Koko, Managing Director of the Nigerian Ports Authority(NPA),…
Patience Oniha DG DMO

DMO releases Sukuk rental payment calender

Nimot Sulaimon

4 years ago

According to the calendar, there is the 16.47 per cent FGN Sukuk 2024, issued on Sept. 26, 2017, which has…
Cornelius Johannes Steynberg bitcoin fraud

Interpol arrests South African Steynberg for biggest bitcoin fraud

PM NEWS Editor

4 years ago

The regulator said on Thursday that the fraud scheme, which saw the firm solicit bitcoin online from thousands of people…
Site of Duport Midstream Company Ltd. Energy Park, a 10,000 barrels per day modular refinery: ready for take off in Edo State

Duport’s 10,000bpd refinery ready for production in Edo

Ayorinde Oluokun

4 years ago

Dr Akintoye Akindele, Managing Director/Chief Executive Officer (MD/CEO) of the company said that Duport was conceptualised to be a modern…
Mele Kyari

NNPC remits zero to treasury as subsidies gobble $3billion

PM NEWS Editor

4 years ago

The NNPC document, according to a Reuters report showed that the corporation has not remitted any revenue from its oil…

War-torn Ukraine exports electricity to Europe

PM NEWS Editor

4 years ago

According to Shmyhal, Ukraine has the potential to earn more than 70 billion hryvnyas (about 2.4 billion U.S. dollars) per…

Onitsha port will generate over N23bn in 30 years – Saraki

Ayorinde Oluokun

4 years ago

The redevelopment of Onitsha River Port is seen as a boost to commercial activities in the South East.
Debt Management Office (DMO) , on behalf of the Federal Government, offers two FGN Savings Bonds for subscription at N1,000 per unit

Nigeria redeems $300m diaspora bond – DMO

Nimot Sulaimon

4 years ago

According to the statement, the diaspora bond was issued on June 27, 2017, for a tenor of five years in…
This follows the expiration of the 50 per cent rebate earlier granted by Sanwo-Olu when the fuel subsidy was removed by President Bola Tinubu.

Lagos announces hike in BRT fare, fixes date for commencement

Kazeem Ugbodaga

4 years ago

With the increase, a bus ride from Ikorodu–TBS will now cost N600 from N500, while Berger to Ajah is now…
Naira

Naira loses big against dollar

Kazeem Ugbodaga

4 years ago

This represents a 0.80 per cent depreciation. The open indicative rate closed at N421.80 to the dollar on Wednesday.
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