BREAKING: Tinubu begins historic State visit to United Kingdom Tuesday

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Business

Amrote Abdella regional Manager of Sub -Saharan Africa at AWS

AWS report: Cloud adoption in Nigeria set to yield NGN30.2 trillion economic uplift by 2033

Michael Adesina

2 years ago

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), commissioned a new report quantifying the relationship between public…
National Liquified Petroleum Gas (LPG)

Nigeria’s annual upstream CAPEX drops to $6bn- NUPRC

Nimot Sulaimon

2 years ago

Gbenga Komolafe attributed the decline in CAPEX to several factors, while emphasising that regulatory uncertainty significantly impacted investment in Nigeria’s…
Michael Ukiye Diongoli

Court papers list MTN, Prof. Nwankwo, FSL Securites victims of Diongoli’s N3.7B scam

PM NEWS Editor

2 years ago

The biggest losers were Dr.Charles Ejekute-Obi who was swindled of N345 Million, Tedaki Events, which lost N232 Million and one…
Nigeria moves to address unemployment, launches NATEP

UNGA 78: Nigeria moves to address unemployment, launches NATEP

Kazeem Ugbodaga

2 years ago

The Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, announced this on the sidelines of the 78th United Nations…
Wigwe

Access Holdings declares interim dividend

PM NEWS Editor

2 years ago

Profit before tax also increased from N97.7 billion to N167.6 billion. Profit after tax similarly increased to N135.4 billion, from…
Naira

FG still owing NNPCL over $9.74bn fuel subsidy debt despite NEITI’s under-remittance claims

Kazeem Ugbodaga

2 years ago

This is despite the claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the defunct Nigeria National Petroleum Corporation…
UN appeals to Lagos to allocate certain percentage of contracts to women-owned business 

UN appeals to Lagos to allocate certain percentage of contracts to women-owned businesses

Kazeem Ugbodaga

2 years ago

The UN Women delegation appealed to the Lagos State Government to allocate a certain percentage of contract awards of the…
CBN

Emefiele resigns, Cardoso, new deputy governors take over at CBN

Ayorinde Oluokun

2 years ago

In a statement by its Director of Corporate Communications, Isa AbdulMumin, on Friday, the CBN confirmed that Cardoso and the…
President Tinubu

This is what Tinubu did at NASDAQ in US to set African record

Kazeem Ugbodaga

2 years ago

The President, surrounded by Nigerian business leaders and officials of the Nigerian Stock Exchange, in trademark fashion, did not fail…
Acting CG Customs, Bashir Adewale Adeniyi, in Kano,says President Bola Tinubu's investment policy will bring an end to smuggling

Tinubu’s policies will end smuggling, says Customs boss Adeniyi

Ayorinde Oluokun

2 years ago

Mr Adeniyi further stated that fighting smugglers and smuggling activities deserves concerted efforts from all well-meaning Nigerians.
Rupert Murdoch

Murdoch steps down from atop media empire

PM NEWS Editor

2 years ago

The son of a famous war correspondent in Australia, Rupert Murdoch took over his father's newspaper business in the early…
Toshiba

Toshiba’s almost 150-year public presence ends

Nimot Sulaimon

2 years ago

With roots dating back to 1875, Toshiba evolved into a vast conglomerate in the 20th century, becoming synonymous with Japan's…
NACOPPMAN President Nma Okechukwu-Okoroji says Coconut Sub-sector can contribute over 400 billion dollars to the Nigerian economy annually.

Nigeria can earn over $400bn from coconut sub-sector annually – Okechukwu-Okoroji

Ayorinde Oluokun

2 years ago

Okechukwu-Okoroji said an estimated 36,000 hectares is presently under cultivation mostly in Lagos, Akwa Ibom and Rivers state, adding that…
Lagos begins consultation for 2024 budget

2024 budget: Lagos begins consultations, rakes in N400bn IGR in six months

Kazeem Ugbodaga

2 years ago

Speaking at the Badagry division, Commissioner for Economic Planning and Budget, Mosopefoluwa George, said the consultations and discussions would enable…
NAFDAC

NAFDAC introduces online products registration to manufacturers

Isa Isawade

2 years ago

Fagboroye explained that the online registration, which had been on for a while, was for limited and certain products, “and…
Chinese Yuan and US Dollars

Chinese Yuan strengthens against U.S Dollar

Nimot Sulaimon

2 years ago

The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by…
NPCF reveals those behind power grid collapse

Updated: TCN says working hard to restore national grid

PM NEWS Editor

2 years ago

Mrs Ndidi Mbah, TCN General Manager on Public Affairs said that power supply has been restored to the West, North…
Tinubu with Liam Mallon ExxonMobil President of Global Upstream Operations

Tinubu: Nigeria not waiting for crumbs as ExxonMobil produces new 40K barrels

PM NEWS Editor

2 years ago

Tinubu said he is best prepared to solve problems and crush all bottlenecks standing in the way of new and…
Tinubu with AU leader in New York

Tinubu to AU: Stability, prosperity of the black race is a must

Kazeem Ugbodaga

2 years ago

Tinubu said there is nothing that could bring development and prosperity, outside of embracing freedom and constitutional order, saying they…
NNPCL turning a new leaf

Shake-up in NNPC as top management staff quit today

PM NEWS Editor

2 years ago

According to the NNPC Ltd., the move is in a bid to pursue effective organisational renewal to support the delivery…
A typical Chinese wedding

China’s $500B wedding industry in trouble as marriages plunge

PM NEWS Editor

2 years ago

The trend, which has become more obvious as the economy weakens and consumer confidence wanes, is also worrying officials.

PrimeLink: Building the infrastructure behind Nigeria’s next generation of business growth

Michael Adesina

2 years ago

Nimot Adetola In Nigeria’s increasingly digital economy, business success often hinges on what happens behind the scenes, how products move,…
Oil and Gas sector rakes in $23bn revenue in 2021 

Oil and Gas sector rakes in $23bn revenue in 2021 

Kazeem Ugbodaga

2 years ago

According to the NEITI boss, a total of $13.2 billion dollars was remitted from the sum to the federation account.
Nigeria’s gas export dips following sabotage attacks on a major pipeline in Bayelsa feeding NLNG export terminal being operated by Oando PLC

Oando posts N32.9B profit but debt balloons to N485B

PM NEWS Editor

2 years ago

According to the report, the leading indigenous oil company recorded a 68 percent growth in turnover from N477.1 billion in…
Experts laud CBN over planned recapitalisation of banks

Beneficiaries fume over recovery of COVID-19 intervention loans

Ayorinde Oluokun

2 years ago

The COVID-19 loans were disbursed to beneficiaries by NIRSAL, an entity owned by CBN, at an interest rate of five…
NDDC to collaborate with the Oil and Gas Free Trade Zone Authority, OGFTZA, in development of Industrial Parks in the Niger Delta region.

NDDC, OGFTZA mull establishment of industrial parks in Niger Delta

Ayorinde Oluokun

3 years ago

Ogbuku noted that Industrial Parks occupy a strategic position in the sustainable development value chain because of their multiplier effects.
Nigeria's Securities and Exchange Commission (SEC) has granted two digital assets Exchanges identified as Busha Digital Ltd., and Quidax Technologies Ltd. “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program (ARIP).

The Impact of Cryptocurrencies on the American Economy: A Look at Bitcoin

Ademola Adegbamigbe

3 years ago

In the last decade, the advent of cryptocurrencies has imbued a substantial transformation in the global financial landscape, and its…
Cardoso

Tinubu sacks Emefiele, deputies, nominates Cardoso as new CBN governor

PM NEWS Editor

3 years ago

Cardoso, a banker who had served Citibank in the past was Tinubu’s commissioner for budget in his first term as…
Nigeria's inflation jumps to 25.80%

Nigeria’s inflation jumps to 25.80% in July

Kazeem Ugbodaga

3 years ago

According to the report, in August 2023, the headline inflation rate increased to 25.80% relative to the July 2023 headline…
Air Peace says it will resume flight operations on Friday following suspension of strike by Nigerian Meteorological Agency (NiMET) workers.

Air Peace orders 5 new Embraer E175 planes

Nimot Sulaimon

3 years ago

The acquisition will enable the airline to continue delivering on its ‘no-city-left-behind’ initiative, which is the connectivity that passengers and…
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