Business

McDonald’s sacks CEO Easterbrook over relationship with staff

PM NEWS Editor

6 years ago

Steve Easterbrook, credited with turning around the fortunes of McDonald's since 2015, was sacked today by the food giant's board…

Saudi Aramco’s IPO opens

PM NEWS Editor

6 years ago

Saudi Arabia's state oil giant, Aramco kickstarted its initial public offering (IPO) on Sunday as the company's application to list…

7 Ways you can make money in rabbit farming

Isa Isawade

6 years ago

Rabbits can be reared for any of the following reasons- to be domesticated as pets; to be reared for consumption…

Interswitch acquires eClat

Isa Isawade

6 years ago

Interswitch Limited, a leading technology-driven company focused on the digitization of payments in Nigeria and other African countries, has announced…

South Africa’s credit rating close to junk status

PM NEWS Editor

6 years ago

Ratings agency Moody’s followed S&P Global and Fitch in spelling bad news for Africa's second biggest economy, South Africa, now…

Vitol pulls out of deal to buy Petrobras’ Nigerian oil fields

PM NEWS Editor

6 years ago

Oil trader Vitol and Delonex Energy have quit a consortium that was set to buy a stake in two Nigerian…

14 companies bid for OML 119

PM NEWS Editor

6 years ago

Fourteen companies are bidding for the financing and redevelopment of Oil Mining Lease (OML) 119.

South African firm dumps Starbucks, Domino’s Pizza outlets

PM NEWS Editor

6 years ago

South Africa's Taste Holdings, owner of Starbucks and Domino’s Pizza franchises in South Africa, said on Friday it was abandoning…

Dangote Refinery starts production early 2021

PM NEWS Editor

6 years ago

Nigeria’s giant Dangote refinery will be ready for commissioning at the beginning of 2021, with production reaching full capacity by…

AfDB increases capital to record $208billion

PM NEWS Editor

6 years ago

The African Development Bank’s board approved a 125% capital increase to $208 billion from $93 billion on Thursday, the largest…

South Africa revenue agency probes mega VAT, Customs fraud

PM NEWS Editor

6 years ago

South Africa is investigating criminal syndicates operating in the scrap metal, fuel and gold industries and responsible for value-added tax…

U.S. oil imports increase, exports down last week

Isa Isawade

6 years ago

The United States' crude oil imports increased while exports decreased during the week ending Oct. 25, the U.S. Energy Information…

Samsung profits in Q3 slump over 50%

PM NEWS Editor

6 years ago

Samsung Electronics, the world's largest smartphone and memory chip maker, saw net profits slump by more than half in the…

Brazil mulls joining OPEC

PM NEWS Editor

6 years ago

Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add…

US Fed cuts interest rate for the 3rd time this year

PM NEWS Editor

6 years ago

The US Federal Reserve has slashed interest rates for the third consecutive time, with the Federal Open Market Committee voting…

Dangote Flour workers protest over unpaid gratuities

Nimot Sulaimon

6 years ago

Trade unions in Dangote Flour Mill (DPM) on Wednesday staged a protest over non-payment of workers’ gratuities since 2012.

Dangote Flour Mill workers protest over non-payment of gratuities

PM NEWS Editor

6 years ago

Trade unions in Dangote Flour Mill (DPM) on Wednesday staged a protest over non-payment of workers’ their gratuities since 2012.

Americans pile up $50b debt on online instalment loans

PM NEWS Editor

6 years ago

Americans have piled up a massive $50 billion debt on online instalment loan, a form of debt with longer maturities…

Sterling Bank interest income jumps in Q3

PM NEWS Editor

6 years ago

Sterling Bank Plc posted net interest income growth of N47.53 billion for the third quarter ended Sept. 30, 2019.

Lagos Assembly okays Sanwo-Olu’s re-ordering of N93.7bn from 2019 budget

Kazeem Ugbodaga

6 years ago

Lagos State House of Assembly has approved the re-ordering of N93,742,530,000 from the 2019 budget size by the state government.

Buhari orders CBN make funds available to textile firms

PM NEWS Editor

6 years ago

President Muhammadu Buhari on Tuesday mandated the Central Bank of Nigeria (CBN) to make special funds available for the local…

Chevron selling off Nigerian oil fields

PM NEWS Editor

6 years ago

Chevron is seeking to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it…

Ihedioha attracts $50m Afreximbank investment to Imo

PM NEWS Editor

6 years ago

Governor Emeka Ihedioha of Imo state has attracted a $50m investment into the state as the Africa Export Import Bank…

Verve Card formally announces its acceptance in Ghana

Kazeem Ugbodaga

6 years ago

Verve, a leading payments technology and card business in Africa, has partnered with the Ghana Interbank Payment and Settlement Systems…

Saudi Aramco rolls out IPO next week

PM NEWS Editor

6 years ago

Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct…

Why bankers must collaborate with govt – Ayeyemi

Isa Isawade

6 years ago

The Chief Executive Officer of Ecobank Transnational Incorporated (ETI), Ade Ayeyemi, says it is important for Nigerian bankers to work…

GTBank removes charges for undergraduates

Kazeem Ugbodaga

6 years ago

If you are an undergraduate, between the ages of 16-25, then you can now bank for free with Guaranty Trust…

Buhari commended over Nigeria’s new rating by World Bank

Isa Isawade

6 years ago

A Public Affairs Analyst, Mr Carl Umegboro has commended President Muhammadu Buhari on the recent 15 places rise rating of…

Amazon baffled Microsoft got Pentagon’s $10b cloud computing contract

PM NEWS Editor

6 years ago

Amazon said Friday it was surprised the US Department of Defense, the Pentagon awarded a $10 billion cloud computing contract…

Microsoft edges Amazon to land Pentagon’s $10b cloud computing contract

PM NEWS Editor

6 years ago

Microsoft has won the $10 billion JEDI cloud computing contract, edging out rival Amazon, Pentagon announced on Friday.

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