Business

Naira crashes to almost N500 to US dollar

PM NEWS Editor

5 years ago

The Nigerian Naira has suffered two consecutive days of melt down in the unofficial market as it tumbles by about…

NNPC records 314% Increase in trading surplus

PM NEWS Editor

5 years ago

Nigerian National Petroleum Corporation (NNPC) has announced a ₦39.85billion trading surplus for February 2021, representing a 314.24% leap from the…

“Women can add $14.58 billion to e-Commerce in Africa”

Kazeem Ugbodaga

5 years ago

A new report published today by the International Finance Corporation (IFC) in partnership with Africa’s leading e-commerce firm Jumia, has said…

Afreximbank records $87.3m profit in Q1

PM NEWS Editor

5 years ago

The African Export-Import Bank (Afreximbank) has reported a net income of $87.3 million in the first quarter of 2021, a…

CWBN Nigeria, official partner of Nigeria International Petroleum Summit

PM NEWS Live

5 years ago

The Commonwealth Businesswomen Network (CBWN) Nigeria is now the official partner of the Nigeria International Petroleum Summit (NIPS) taking place…

Most cryptocurrency transactions are illegitimate – Emefiele

Muhamin Olowoporoku

5 years ago

Godwin Emefiele, governor of the Central bank of Nigeria has said that most transactions conducted in cryptocurrencies are illegitimate. The…

EFCC: Not compulsory all Nigerians should have bank accounts

Muhamin Olowoporoku

5 years ago

Mr. Bawa Usman Kaltungo, Zonal Head of the Economic and Financial Crimes Commission (EFCC), in Sokoto, said that it is…

NNPC, SNEPCo, others sign OML 118 renewal agreements

Taiwo Okanlawon

5 years ago

The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners have signed agreements to renew Oil Mining…

ICYMI: CBN quietly devalues the Naira

PM NEWS Editor

5 years ago

The Naira has now been officially devalued from N379 to N410.25, according to NAFEX rate released by CBN on Monday…

Lagos attracts $8.32 billion foreign investments in two years

Kazeem Ugbodaga

5 years ago

The Lagos State Government on Tuesday said it has attracted investment worth $8.32 billion into the state in the last…

Where is Nigeria on Digital Economic Transformation Journey?

Kazeem Ugbodaga

5 years ago

The power of Information and Communication Technology (ICT) as an enabler of innovation and economic growth has been well documented.

TikTok CEO Zhang Yiming resigns

Nimot Sulaimon

5 years ago

Zhang Yiming, the Chief Executive Officer of TikTok, has resigned with a net worth of $44bn to read books and…

Dangote promises more investment in Tanzania

PM NEWS Editor

5 years ago

Africa's richest man Aliko Dangote, who owns the largest cement factory in Tanzania, on Monday pledged to put up more…

Seplat holds 8th annual meeting with stakeholders

Nimot Sulaimon

5 years ago

Seplat Petroleum Development Company Plc held its hybrid 8th Annual General Meeting (AGM) with shareholders, auditors, regulators, company directors, and…

Wally Adeyemo expects G7 backing for 15% global corporate tax

PM NEWS Editor

5 years ago

U.S. Treasury Deputy Secretary, Wally Adeyemo, said he expects strong backing from G7 peers for Washington’s proposed 15 per cent-plus…

BUA Cement record N115b bond listed on FMDQ Securities Exchange

PM NEWS Editor

5 years ago

FMDQ Securities Exchange Ltd has announced the listing of the BUA Cement Plc N115 billion series 1 fixed rate senior…

Seplat’s capital investment drive shareholders’ fortune

PM NEWS Live

5 years ago

Seplat Petroleum Development Company Plc, recently held its hybrid 8th Annual General Meeting (AGM) with physical and virtual attendance.

Bitcoin free-fall continues, down by 50% since April

PM NEWS Editor

5 years ago

Bitcoin free-fall continued on Sunday, with a further 13% depreciation after it suffered another sell-off that left it down nearly…

It is illegal for Nigerian governors to fix price of petrol – Falana

Kazeem Ugbodaga

5 years ago

Human rights lawyer, Femi Falana at the weekend said it is illegal for Nigerian Governors Forum to fix the price…

We didn’t ask subscribers to submit phone IDs – NCC

Kazeem Ugbodaga

5 years ago

The Nigerian Communications Commission, NCC, has debunked reports that it asked phone users to submit the International Mobile Equipment Identity…

Employment: West African Students Praise Dangote, Task Regional Leaders

Ademola Adegbamigbe

5 years ago

West African Student’s Union commends the aggressive employment generation drive of the Aliko Dangote-led companies, urging other wealthy West African…

JUST IN: No plan to increase fuel price in June – FG

Kazeem Ugbodaga

5 years ago

The Federal Government on Friday said there is no plan to increase the price of Premium Motor Spirit (PMS) in…

Lagos hits N127bn IGR in first quarter of 2021

Kazeem Ugbodaga

5 years ago

The Lagos State Government on Thursday disclosed that it raked in N127 billion as Internally Generated Revenue (IGR) in the…

Senate approves deployment of 5G network in Nigeria

Kazeem Ugbodaga

5 years ago

The Senate has approved the deployment of the 5G network in Nigeria, following the outcome of investigations by a Joint…

Cryptocurrencies crash, Bitcoin falls 28 per cent

PM NEWS Editor

5 years ago

Cryptocurrencies are in a free-fall after China banned financial and payment institutions from providing cryptocurrency services.

Exposed! MDAs refuse to remit N1.2trn to FG’s coffer

Kazeem Ugbodaga

5 years ago

The Fiscal Responsibility Commission (FRC), on Wednesday exposed various Ministries, Departments and Agencies (MDAs) that are yet to remit a…

Lagos Fourth Mainland bridge to gulp $2.5bn

Kazeem Ugbodaga

5 years ago

Lagos State Government on Tuesday said the proposed Fourth Mainland Bridge will gulp $2.5 billion under the Public Private Partnership…

Dangote Cement: Okpella factory will close demand-supply gap

Ademola Adegbamigbe

5 years ago

Following the surge in demand for cement products in the country, Dangote Cement Plc restates commitment in meeting the demand…

Lagos Cooperative societies’ capital base hits N33bn

Kazeem Ugbodaga

5 years ago

The capital base of cooperative societies in Lagos State has hit N33 billion, Commissioner for Commerce, Industry and Cooperatives, Dr…

Elon Musk bumps up Bitcoin again

PM NEWS Editor

5 years ago

Bitcoin rallied from three-month low on Monday in the wake of Tesla boss Elon Musk’s tweets about the carmaker’s bitcoin…

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