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N30 trillion missing under Okonjo’s watch, says Soludo

By Professor Chukwuma Soludo Former CBN governor, Soludo responds to his virulent attack by finance minister, Ngozi Okonjo-Iweala, after his…

Another oil pipeline explosion outskirt of Lagos

Another pipeline explosion occurred early Sunday along Pipelines and Products Marketing Company (PPMC) network at Arepo, Ogun State, on the…

Jonathan pledges to revive textile industries, generate employment

President Goodluck Jonathan on Saturday pledged to revive the textile industry sector in Nigeria to generate employment and boost the…

Insight: The Diezani disaster in Nigeria’s oil ministry

Toyin Akinoso It would be inappropriate for President Goodluck Jonathan- if re-elected- to reappoint the current Nigerian minister of petroleum.…

Glo To Give Free 26,000 SIMs To Katsina Workers

Over 26,000 civil servants in Katsina State will enjoy the telephone Free Access Programme launched in the state on Thursday…

Nigeria’s foreign reserves down by 20 per cent

Nigeria’s foreign exchange reserves fell to $34.38 billion by January 28, down 20.3 per cent from $43.16 billion a year…

Samsung posts first annual profit decline in three years

Samsung Electronics, the world’s largest smartphone maker, posted its first drop in annual net profit in three years Thursday, days…

Nigeria can transmit power from 10 new sub-stations, says Sambo

Vice President Namadi Sambo on Wednesday insisted that Nigeria had the capacity to transmit additional power being generated by the…

I’ll create more jobs through agriculture, says Jonathan

President Goodluck Jonathan on Monday in Ilorin promised more investment in the agriculture sector in order to boost employment opportunities…

Banks shut again in Ijebu-Ode

Abiodun Onafuye/Ijebu-ode Commercial banks in Ijebu Ode, Ogun state in western Nigeria remained shut for the second day today, over…

Glo Listed Among Africa’s 6 Best Brands

Giant telecommunications outfit, Globacom, has been named as one of the six most admired brands on the continent of Africa.…

FG approves N250bn for SMEs, says Sambo

The Federal Government has approved N250 billion for the establishment of Small and Medium Scale Enterprises (SMEs), Vice President Namadi…

Microsoft profit dips as revenue rises

Microsoft on Monday reported that its quarterly profit dipped but revenue increased in a sign that it is adapting to…

Facebook unveils ‘lite’ app in Nigeria, other emerging markets

Facebook said Monday it is testing a lightweight version of its mobile app for mobile phones with poor-quality Internet connections…

Nigeria’s gas supply market hits 2bn cfbd – NNPC

The Nigerian National Petroleum Corporation (NNPC) says Nigeria has grown its gas supply market from 300 million to two billion…

FG injects 220mw of power to national grid

The Minister of power, Prof. Chinedu Nebo, said on Saturday that the 220 megawatts of electricity added to the Egbin…

Federal Govt cancels outdoor sites approval in Lagos

Nigeria’s Federal Government has terminated existing approvals for outdoor sites previously given to outdoor practitioners in Lagos State. The termination…

At N87 per litre, FG still subsidises petrol – PPPRA

The Petroleum Products Pricing Regulatory Agency (PPPRA) on Friday said that Federal Government was still subsidising the current pump price…

Naira in big fall at forex market

The Naira on Friday depreciated against the dollar as it traded at N208 from the N191.50 it sold for on…

Abuja business groups protest high electricity cost

Business groups in Abuja on Friday protested the hike in electricity tariff by the Abuja Electricity Distribution Company. The groups,…

FG committed to improved service delivery – Sambo

Vice-President Namadi Sambo on Thursday in Abuja reiterated the Federal Government’s commitment to public service reforms and improved service delivery…

FG okays payment of entitlements to 1,669 PHCN workers

The Minister of Power, Prof. Chinedu Nebo, on Wednesday said Government had raised a validation list to pay for Pension…

Bird Flu Kills 420 Poultry Birds In Benin

Jethro Ibileke/Benin An outbreak of Avian Influenza Virus which causes Avian Influenza disease in birds, popularly known as Bird Flu,…

You deserve compensation, Amosun tells hosts of LNG project

*Reveals that Project is back on course Abiodun Onafuye/Ode Omi Governor Ibikunke Amosun of Ogun State, southwest Nigeria has said…

Underwhelming Box Office Ratings for The Gambler

For many film hacks, the year 2014 was set to end perfectly with The Gambler; a remake of the original…

CBN keeps lid on interest, naira rates

Nigeria’s central bank kept its policy rate at 13 percent on Tuesday, offering no new measures to deal with a…

Naira plunges further

Nigerian naira ended Tuesday at a record closing low of 189.20 against the dollar ahead of the first central bank…

Libya’s OPEC representative abducted in Tripoli

A Libyan senior oil official who represents his company in the OPEC cartel is believed to have been abducted in…

FG under pressure to cut petrol prices further

The federal government is under pressure Tuesday to cut petrol prices further, with unions saying people were being “short-changed” over…

Why marketers are not selling petrol at N87

P.M.NEWS has learnt that the decision by the Jonathan administration to slash the pump price of petrol from N97 to…
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