BREAKING: Tinubu begins historic State visit to United Kingdom Tuesday

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Harsh economy: The Place rolls out palliatives for staff

Harsh economy: The Place rolls out palliatives for staff

The Chief Operating Officer of the company, Ms. Chinelo Umeugochukwu said on Thursday that it was imperative to provide palliative…
Olusegun Ogunsanya-Airtel Africa

Airtel Africa CEO Ogunsanya offloads shares to buy UK property

The transaction at the London Stock Exchange on 4 August fetched him £757, 440.70, the company disclosed in a notice…
Chinese Yuan and US Dollars

Chinese Yuan weakens against U.S Dollar

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 11 pips to 7.1587 against the dollar…
Oladeinde (red) riding a bicycle with others

Fuel subsidy removal: Bicycle price soars

Because of the increase in demand for bicycles, P.M News checks revealed that a bicycle now goes for between N40,000…

Why corporations should come under scrutiny over PMS Price hike – Dayo Adetoye

“Current exchange rate and current global oil prices are not responsible for the new domestic PMS price hike. It is…
Kandadji hydroelectric dam in Niger

Chinese firm suspends $800m Kandadji dam in Niger over sanctions

The $808 million project, located about 180 kilometres northwest of the capital Niamey, is set to have a capacity of…
Nnamdi Okonkwo CEO of FBN Holdings

FBN Holdings says AGM unstoppable

The AGM will decide among others the payment of dividends to shareholders, the appointment of new directors and the rights…
LandWey Announces Pre-Handover Inspection Amidst Inflation-driven price adjustments on ongoing projects

LandWey announces pre-handover inspection, price adjustments on ongoing projects

The property firm also disclosed that it has adjusted its prices following the high inflation rate, which has impacted strongly…
Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

Naira falls to record low of ₦945 per dollar in black market

Banks are unable to come up with the dollars to meet demand, and buyers are increasingly turning to the black…
President Museveni of Uganda

World Bank stops new loans to Uganda over gay law

"No new public financing to Uganda will be presented to our Board of Executive Directors until the efficacy of the…
The President of AfDB) Akinwunmi Adesina laments takeover of many parts of Nigeria country by criminal elements amidst rising poverty

Outlook of West Africa’s economy in 2023 – AfDB report

It quoted Prof. Kevin Urama, AfDB’s Chief Economist, as saying “Multiple challenges had led to rising interest rates and were…
Nigerian Customs to start charging VAT on diesel imports

China to raise gasoline, diesel retail prices

China says it will raise retail prices of gasoline and diesel on Thursday, following the recent rise in international oil…
Virgin Galactic VSS Unity rready for spaceflight with Richard Branson

Virgin Galactic to launch first space tourism flight

It would depart from New Mexico in the United States at 4 p.m. (1500 GMT) on the motherships VMS Eve…

You Don’t Need a Degree to Be a Programmer — You Need Discipline and Direction, Says Nigerian Tech Innovator

By Emmanuel Daraloye A Lagos-bred software engineer, Blessing Philips, is challenging long-held beliefs about what it takes to succeed in…
The Cinema Exhibitors Association of Nigeria (CEAN) says it generated N482m revenue across all cinemas in July, lower than N567m in June.

Nigeria’s cinemas record lower revenue in July

However, in July, the total viewer admission in cinemas was 218,395, up from 210,299 recorded in June.
Ogun Command of Nigeria Custom Service says it generated 13.3 million as revenue while its impounded goods valued at N106.7m in July 2023.

Ogun: Custom generates N13.3m, seizes goods worth of N106.7m in one month

Speaking at the press conference addressed on his behalf by the Command's spokesperson, SC Hammed Bukoye Oloyede, Bamidele said the…
The Economic and Financial Crimes Commission (EFCC) will, on Thursday, arraign Tigran Gambaryan and Nadeem Anjarwalla, two top officials of Binance Holdings Ltd on five counts of money laundering charge.

Stop Binance operations to strengthen Naira—– ABCON urges FG

The Securities and Exchange Commission (SEC) of Nigeria had in June, issued a statement, emphasising that Binance Nigeria was not…
WhatsApp

WhatsApp introduces screen sharing feature for video calls

This enhancement offers a wider and more immersive viewing and sharing experience during video calls.
Tinubu vows to end Nigeria's over-reliance on borrowing for public expenditure

We’ll end Nigeria’s over-reliance on borrowing for public expenditure – Tinubu vows

Inaugurating the Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Mr. Taiwo Oyedele, the President charged the committee…

Tesla’s CFO Zachary Kirkhorn steps down

Tesla’s Chief Financial Officer, Zachary Kirkhorn, has resigned, shocking analysts who saw the 13-year business veteran as a likely successor…
PayPal launches dollar-backed stablecoin

PayPal launches dollar-backed stablecoin

While stablecoins - crypto tokens whose monetary value is pegged to a stable asset to protect from wild volatility -…
Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

U.S. dollar batters Naira at exporters window

The Naira lost by 4.27 per cent when compared with N743.07 for which it exchanged for the dollar at the…
John Ezeobi, the CEO of Zobis Electrical Wires and Cables

We are set to revolitionise future of electrical industry – Zobis Electrical CEO

Ezeobi said since inception, the company had been inspired by the promise of a better life, which innovative engineering promises.
Heritage Bank

Heritage bank reassures customers as concerns mount

However, some customers of Heritage Bank, who still struggle with poor customer service, delayed transfers, inability to move depositor funds…
Tinubu says forensic audit of CBN is underway

Forensic audit of CBN, serious structural review of Civil Service payroll underway – Tinubu

''A comprehensive forensic audit is on-going at the Central Bank. We are going to do very serious structural review of…
Chowdeck strikes deal with with Chicken Republic on delivery services

Chowdeck strikes deal with Chicken Republic on delivery services

The partnership has successfully delivered hundreds of thousands of orders on a monthly basis, as well as ensuring ease and…
Verve to reward consumers with free fuel, others at its Life Promo

Verve to reward consumers with free fuel, others at its Life Promo

Speaking at the event, Cherry Eromosele, Executive Vice President & Group Chief Marketing and Communications Officer, Interswitch Group, said the…

Saudi extends voluntary cut in oil production

In September, the kingdom will produce nearly 9 million barrels of oil per day.
GlaxoSmithKline office in Ilupeju Lagos

GlaxoSmithkline closes shop in Nigeria after 51 years

GlaxoSmithKline started business as Beecham in Nigeria in 1972 as an affiliate of GlaxoSmithKline Worldwide.
Debt Management Office (DMO) , on behalf of the Federal Government, offers two FGN Savings Bonds for subscription at N1,000 per unit

DMO lists N130bn sukuk on NGX, FMDQ

By Kadiri Abdulrahman The Debt Management Office (DMO) plans to increase its capital market offering by listing its N130 billion…
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