BREAKING: Tinubu begins historic State visit to United Kingdom Tuesday

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Business

Inflation goes up in Nigeria

Nigeria’s public debt stock increases to N87.38trn

Nimot Sulaimon

3 years ago

It said that External debt stood at N33.25 trillion (43.16 billion dollars) in Q2 2023, while domestic debt was N54.13…
Tinubu, left,Ganduje , 2nd right and others with the report on the conference of Livestock Reforms

FG will buy land for herdsmen, Tinubu approves committee for livestock industry reforms

PM NEWS Editor

3 years ago

"The Federal Government is fully prepared to cover the cost of acquiring the land. These opportunities will provide gainful employment…
IMF Managing Director, Kristalina Georgieva, expresses concerns over new U.S. tariffs, calling them a major risk to the global economy

US, China owe half of world debt of $235T

PM NEWS Editor

3 years ago

Both economic power houses owe $117.5 trillion. While China owes $47.5 trillion, the US is world's biggest debtor, owing $70…

France flags Apple iPhone 12 for excessive radiation

PM NEWS Editor

3 years ago

The French government agency that manages wireless communications frequencies issued the order after the iPhone 12 recently failed one of…
Nneka Onyeali-Ikpe, MD, Fidelity Bank

Fidelity Bank now owns Union Bank UK plc 100 percent

PM NEWS Editor

3 years ago

In a statement, Unuigboje said the acquisition of Union Bank UK plc is 100 percent adding that the bank has…

Kukubima’s Ener-G drink makes wave in Nigerian market

Michael Adesina

3 years ago

KukuBima powdered Ener-G drink, a leading Indonesian energy drink that has been in operation for over 40 years, has been…
Market

What 5G partnership will bring to Nigeria – MTN

Isa Isawade

3 years ago

She said: "The partnership with Baze University, Huawei and MTN symbolises our shared commitment to harnessing the power of 5G…
Chinese Yuan and US Dollars

Chinese Yuan strengthens against dollar

Nimot Sulaimon

3 years ago

The Chinese spot foreign exchange market maintains a system in which the yuan is permitted to fluctuate within a two…
Air Peace

Air Peace to begin Lagos, Kano-Jeddah operations

Nimot Sulaimon

3 years ago

The Lagos-Jeddah and Kano-Jeddah routes would operate three days a week, with a possible connection from Abuja.
Shoppers in UK- Shop owners facing epidemic of shop lifting

UK, US face epidemic of shop lifting

PM NEWS Editor

3 years ago

In the U.S., Target, Foot Locker and Dick's Sporting Goods have all warned that profits have been under pressure from…
These awards underscore FCMB's commitment to impactful lending, actively driving economic growth and job creation across Nigeria

Export: SheVentures Offers Interest-Free Loans to Women Entrepreneurs

Ademola Adegbamigbe

3 years ago

First City Monument Bank (FCMB) has launched the SheVentures Export Readiness Programme, a new initiative to support women-owned businesses in…
CBN to adopt proactive measures to halt Naira's free fall within days

CBN bars banks from paying dividends from FOREX gains

PM NEWS Editor

3 years ago

Many Nigerian banks, notably UBA, First Bank, FCMB, Fidelity Bank, GT Bank and Zenith Bank, have posted one-off revaluation gains.
UBA Plc

UBA Group records biggest leap in profits, declares interim dividend

PM NEWS Editor

3 years ago

Profit before tax rose from N85.7 billion to N403 billion, while profit after tax also quintupled from N70.3 billion in…
Apapa customs posts N676bn revenue in seven months

Apapa customs posts N676bn revenue in seven months

Kazeem Ugbodaga

3 years ago

“A total of N136 billion was collected as monthly revenue in August while N10 billion was collected on Aug. 3,…
Court orders fines Zenith Bank Plc N85m for freezing an account of its customer identified as Abhulimen & Co based on an invalid court order.

Zenith Bank declares bumper half year profit, to pay interim dividend

PM NEWS Editor

3 years ago

As a result of the sterling performance, the bank has decided to pay an interim dividend of N15.70 billion to…
Ecobank

Ecobank announces back-to-school packages for customers

Kazeem Ugbodaga

3 years ago

This, according to the bank, will equip them adequately for the new session. The bank also said it has optimised…
Customs Comptroller Dera Nnadi displaying the seized items at Seme on Friday

Seme Customs Command set to surpass revenue target for 2023

Ayorinde Oluokun

3 years ago

By Esther Komolafe The Seme Command of Nigeria Customs Service is set to exceed its given revenue target for the…
Apple loses $200 billion in valuation

Just In: Apple loses $200 billion in valuation

Michael Adesina

3 years ago

Shares of the Cupertino, California-based company fell as much as 5.1%, bringing its two-day slump to 6.8%. Apple is the…
Huawei's Mate 60 Pro

China’s Huawei triggers concerns in US after launch of Mate 60 Pro

PM NEWS Editor

3 years ago

Huawei was placed on a trade blacklist in May 2019 over national security concerns, forcing its U.S. suppliers and others…
NCC

NCC seeks elimination of multiple telecoms taxation

Isa Isawade

3 years ago

Adewolu said that multiple taxation in the telecoms industry had continued to be the bane of economic development in the…
President Tinubu speaks with India businessmen

Tinubu gets $14 billion new investment pledges from India

PM NEWS Editor

3 years ago

In pitching for investment, Tinubu said: "We are ready to give you the best returns for investment possible, there's nowhere…
Abuja 2023 trade fair to host over 10 countries, 500 companies

Abuja 2023 trade fair to host over 10 countries, 500 companies

Isa Isawade

3 years ago

Abubakar, represented by ACCI’s Director-General, Ms Victoria Akai, said that the countries that had indicated interest in participating included Switzerland,…
Kamar Bakrin and Fabian Ajogwu new directors of PZ Cussons

PZ Cussons appoints Ajogwu, Bakrin as directors

PM NEWS Editor

3 years ago

The appointments are subject to ratification at the next Annual General Meeting of the shareholders, said acting company secretary Olubukola…
Energy

NERC approves increase in cost of prepaid meter

Isa Isawade

3 years ago

The commission, in the order, said that a single-phase pre-paid meter would now cost N81,975.16k from the N58,661.69 while three-phase…
Nigeria Customs Service (NCS) hands over the Vice-Chairmanship seat of World Customs Organisation, West Africa and Central Region, to Mali

CG Customs Adeniyi redeploys senior officers, Apapa, others get new Comptrollers

Ayorinde Oluokun

3 years ago

Acting CG Customs Adewale Adeniyi approves key appointments and redeployment within the service to ensure operational efficiency.
oil prices

Oil prices hit $90 as Saudi Arabia, Russia cut supplies

PM NEWS Editor

3 years ago

Investors had expected both leading oil producers to extend voluntary cuts into October, but the three-month extension was unexpected.

AIT/Raypower blackmailing Rivers govt: Commissioner

Ayorinde Oluokun

3 years ago

Rivers State Government on Monday demolished the building housing the transmitter of AIT/Raypower outfits.
NSIA outlines aggressive healthcare expansion plan, as Reps visits

NSIA outlines aggressive healthcare expansion plan, as Reps visits

Kazeem Ugbodaga

3 years ago

The Ad-hoc Committee was constituted by the House of Representatives to investigate the activities of the Nigeria Sovereign Investment Authority…
Fidelity Bank MD/CEO, Mrs. Nneka Onyeali-Ikpe

Fidelity Bank announces date for interim dividend payment

PM NEWS Editor

3 years ago

In the last few years, the bank's fortune has been growing and its performance stellar, since Mrs. Nneka Onyeali-Ikpe took…
Sir Nwadiuko and Sonny Iroche

Iroche, Nwadiuko quit United Capital as directors

PM NEWS Editor

3 years ago

Both Iroche and Nwadiuko joined the board of United Capital in 2018.
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