Business Archives - P.M. News

Business

FCMB Group posts ₦202.1bn profit before tax for 2025, ₦87bn in Q1 2026

Kazeem Ugbodaga

4 hours ago

For the 2025 financial year, the Group's profit before tax rose 81% year-on-year to ₦202.1 billion from ₦111.9 billion in…

NGX chairman seeks stronger Nigeria-UAE capital market partnership

Paul Dada

4 hours ago

“Nigeria is preparing for the Dangote Refinery IPO, which is seen as a continental project,” he said.

Why many Nigerian SMEs appear busy but fail to scale – Damilola Adeniji

Michael Adesina

6 hours ago

He urged SMEs to adopt structured digital systems and move away from fragmented business operations that limit scalability.

Levene Energies unveils new identity, adds new board members to drive next phase of growth

Michael Adesina

18 hours ago

Levene Energy Holdings Limited has officially rebranded as Levene Energies Limited and appointed four new members to its Board as…

Nigeria exceeds OPEC quota as oil production hits 11-month high

Ayorinde Oluokun

1 day ago

The average crude oil production recorded during the month of May represents 102 per cent of Nigeria’s 1.5mbpd of production…

Cardoso receives Central Bank of the Year award

Ayorinde Oluokun

1 day ago

Cardoso also highlighted efforts to implement major reforms in the foreign exchange market, and to invest in critical digital and…

Production gains lift Nigeria above OPEC quota again

Femi Fabunmi

1 day ago

Nigeria's crude oil production increased to 1.53 million barrels per day (bpd) in May 2026, according to the latest report…

FCMB Appoints Bismarck Rewane as Board Chairman, Non-Executive Director

Kazeem Ugbodaga

1 day ago

First City Monument Bank (FCMB) Limited has appointed Mr. Bismarck Rewane as a Non-Executive Director and Chairman of its Board…

NNPC replies Oshiomhole, says no money Is missing

Femi Fabunmi

2 days ago

The former CFO added that the company's efforts to make its financial records public were part of broader reforms to…

Forex Update: Naira weakens to N1,362/$ as reserves hit $50.35bn

Femi Fabunmi

2 days ago

The Nigerian naira recorded its first depreciation against the United States dollar this week at the official foreign exchange market,…

Revealed: Who really borrowed the most since 1999

Femi Fabunmi

2 days ago

Business Africa has challenged widespread claims that President Bola Tinubu’s administration is responsible for Nigeria’s highest level of borrowing since…

Assembly passes motion to regulate dispatch services

Isa Isawade

3 days ago

According to him, there are issues of insecurity, revenue leakages, and unfair competition, arising from the activities of unregistered operators.

IMF commends Nigeria’s reforms, urges sustained efforts on poverty, Inflation

Ayorinde Oluokun

3 days ago

According to the IMF, Nigeria’s economic reforms have delivered stronger macroeconomic outcomes in spite of persistent social challenges

FCCPC shuts electronics company over consumer complaints in Lagos

Ayorinde Oluokun

3 days ago

FCCPC said during the enforcement that the action followed a complaint lodged with the commission on Jan. 16, 2025, concerning…

FCMB unveils digital tool to end payment delays for businesses

Kazeem Ugbodaga

4 days ago

To help Nigerian businesses combat payment delays and optimize cash flow, FCMB Collect continues to serve as a vital digital payment and…

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