Business Archives - Page 213 of 482

Business

Read Nigeria’s full statement on $9b UK judgment

PM NEWS Editor

7 years ago

Here is the full text of the statement issued Friday night by Mr. Dayo Apata, Nigeria's Solicitor-General , following a…

NSE: Market indicators dip further by 0.47%

Michael Adesina

7 years ago

Transactions on the floor of Nigerian Stock Exchange (NSE) declined profile on Friday with crucial market indicators dropping by 0.47…

Nigeria will appeal $9b judgment: Solicitor-general

PM NEWS Editor

7 years ago

Mr. Dayo Apata, the solicitor-general of the Federation has said that the Nigerian government will appeal against Friday’s judgment by…

UNCTAD Sec-general Kituyi writes on stagnating investment flows

PM NEWS Editor

7 years ago

International investment flows have been weak for a decade. Last year, global foreign direct investment fell again, by 13%, the…

China pumps $16b in Nigeria’s oil industry

PM NEWS Editor

7 years ago

The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested…

26 US shale oil firms file for bankruptcy

PM NEWS Editor

7 years ago

Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of…

Asian stocks fall as global recession fears deepen

PM NEWS Editor

7 years ago

Asian stocks stumbled and oil prices extended a punishing sell-off on Thursday as investors feared an historic drop in long-term…

NETNG Executive Editor/COO Jide Taiwo Resigns

Kazeem Ugbodaga

7 years ago

After nearly three years at NET, journalist and media executive, Jide Taiwo has left his role as Chief Operating Officer…

Ecobank engages new set of graduates in training

Kazeem Ugbodaga

7 years ago

In keeping with its talent development strategy, a new set of Graduate Trainees have commenced their entry level development programme…

Reports: US heads towards recession

PM NEWS Editor

7 years ago

The US could be headed for a recession soon as the market’s most closely watched part of the yield curve…

Kobo360 Nigerian e-freight startup raises $20m from Goldman Sachs

PM NEWS Editor

7 years ago

Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million…

Verve Global Card launches 1st International Transaction in New York

Kazeem Ugbodaga

7 years ago

Verve, a leading payments technology and card business in Africa, and Discover Global Network, the payments brand of Discover, has…

Edo’s 6,000 bp/d modular refinery set to begin operation

Kazeem Ugbodaga

7 years ago

The Edo Refinery and Petrochemicals Limited, says it will soon commence operation at its 6,000 barrels per day (bpd) modular…

Egg glut is killing poultry business in Nigeria – Taiwo Adeoye

Isa Isawade

7 years ago

Mr. Taiwo Adeoye, a renowned animal scientist and President of the Animal Science Association of Nigeria (ASAN) is the Managing…

Trump exempts Chinese cell phones, laptops, toys, footwear from 1 Sept tariffs

PM NEWS Editor

7 years ago

Amidst recession fears, the Trump White House trade office announced Tuesday that it would exempt Chinese cellphones, laptops, toys, footwear…

US, China tariff war could trigger global recession in months:Morgan Stanley

PM NEWS Editor

7 years ago

Researchers at Morgan Stanley, a leading investment bank, have alerted that if US and China continue to heap increasing tariff…

Hong Kong airport reopens for flights

PM NEWS Editor

7 years ago

Flights resumed Tuesday at Hong Kong airport a day after a massive pro-democracy rally there forced the shutdown of the…

Congo will soon be Africa’s 3rd largest oil producer

PM NEWS Editor

7 years ago

An oil discovery in Republic of Congo could produce nearly 1 million barrels of oil per day, which will bring…

American shale oil business slips into calamity zone

PM NEWS Editor

7 years ago

The industry at one time likened shale oil production to a manufacturing operation, claiming that one could drill practically anywhere…

Outrage over Airtel’s network failure

Kazeem Ugbodaga

7 years ago

For users of Airtel in Nigeria, Saturday and Sunday were terrible days. The network suddenly went blank without explanation. Those…

InterswitchSPAK 2.0 Masterclass holds August 19

Kazeem Ugbodaga

7 years ago

Interswitch Group, a leading Pan-African integrated digital payment and commerce company, is set to host the second edition of the…

Zenith Bank boss Jim Ovia loses $64m

PM NEWS Editor

7 years ago

Jim Ovia, founder and chairman of Zenith Bank has lost close to $64 million in paper net worth over the…

Trump distrupts the market with comment on China

PM NEWS Editor

7 years ago

U.S. President Donald Trump on Friday said he was not ready to make a deal with China and even called…

Bad news: US shale oil runs Nigeria’s crude out of market

PM NEWS Editor

7 years ago

Nigerian crude has suffered its slowest sales of the year in August, traders said, as U.S. exports of competing light,…

Uber shares tumble after heavy loss

PM NEWS Editor

7 years ago

Uber shares tumbled Thursday after the leading ride-share company reported its loss eclipsed Wall Street expectations in the recently ended…

Trump opposes strong dollar

PM NEWS Editor

7 years ago

The U.S. dollar is too strong and is hurting exports, President Donald Trump said on Thursday, attacking the Federal Reserve…

China hits American farmers in the jugular, many lament

PM NEWS Editor

7 years ago

China's announcement this week that it will cease importing agricultural products from the United States has sent shock waves through…

Addis Ababa, Accra, Lagos top cities with most expensive hotel accommodation

Kazeem Ugbodaga

7 years ago

Addis Ababa, Ethiopia, posted Africa’s highest Average Daily Rate (ADR), according to the most recent 12-month data from STR. The…

EFCC jails ex-bank CEO over loan fraud

PM NEWS Editor

7 years ago

Adetunji Abudu, a former Managing Director, New Prudential Mortgage Bank Limited was today sentence to two years imprisonment for N195m…

Rising demand in Nigeria boosts Coca Cola sales

PM NEWS Editor

7 years ago

Swiss-based soft drink bottler Coca Cola HBC AG reported a rise in first-half net sales on Thursday, driven by greater…

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