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Business

Elon Musk

Elon Musk gives condition for Twitter deal to go ahead

PM NEWS Editor

4 years ago

The billionaire and Tesla CEO has been trying to back out of his April agreement to buy the social media…
Pfizer

Pfizer in advanced talks to buy firm making sickle cell drugs

PM NEWS Editor

4 years ago

New York-based Pfizer, flush with cash from its COVID-19 vaccine, is on the lookout for acquisitions that could bring in…
Warren Buffett's company, Berkshire Hathaway, posts massive $43.8 billion loss

Warren Buffett’s company posts massive $43.8 billion loss

PM NEWS Editor

4 years ago

Despite the huge net loss, "the results show Berkshire's resilience," said James Shanahan, an Edward Jones & Co analyst who…
Ajaokuta steel plant

Reps seek to make Ajaokuta Steel Mill operational

Nimot Sulaimon

4 years ago

According to the committee, the steel mill would create job opportunities and help address the insecurity arising from the unemployment…
Polaris bank

Polaris Bank not sold, management debunks fake news

PM NEWS Editor

4 years ago

In a statement on Friday, the bank described the report as speculative and deliberately intended to create panic.
UK houses

House prices in UK fall first time since 2021

PM NEWS Editor

4 years ago

The weakening of the house market comes after a boom triggered by the COVID-19 pandemic and the switch to working…
Sam Egube and other key stakeholders

Ehingbeti 2022 and unveiling of 30 years Development Plan for Lagos

Kazeem Ugbodaga

4 years ago

One of the highlights of this year's summit, with the theme: "Charting the Paths to Sustainable Socio-Economic Growth," is going…
Adidas

Adidas records decline in second quarter profits

Nimot Sulaimon

4 years ago

The company said in July that it cut its outlook for the 2022 financial year, reflecting slower recovery in Greater…
Photo caption: L-R, President deLa Repulique of Niger, S.E.M.Mohamed Bazoum, President/Chief Executive, Dangote Industries Ltd, Aliko Dangote, With the Award of Order Du Merite Du Niger, Operateur Economique et Philanthropy Dr Commandeur ,, In Niger Republic On Wednesday 3rd August 2022

Niger Republic gives Dangote national honour for his health intervention

Ademola Adegbamigbe

4 years ago

President/Chief Executive of Dangote Industries Limited, Aliko Dangote was, on 3 August, conferred with the Commander of the Order of…
Shell agrees to pay 15 million Euros to farmers in Ogoni community of Nigeria's oil rich Niger Delta as compensation for pipe leakages

Shell shuts floating storage facility

Nimot Sulaimon

4 years ago

The offshore crew on board the vessel, christened Sea Eagle, reported the water inflow into the hull of the facility…
OPEC

OPEC+ snubs Biden, increases output by only 0.1 percent

PM NEWS Editor

4 years ago

The increase, equivalent to 0.1% of global demand, follows weeks of speculation that Biden's trip to the Middle East and…
Ademola Adebise, MD, Wema Bank Plc

Allegation of dud cheque, forgery against our bank, MD baseless – Wema Bank

Kazeem Ugbodaga

4 years ago

The bank also said that the warrant for the arrest of Adebise was in violation of his fundamental rights to…
Petrobas

Petrobas beats oil majors in dividends payout, second to Aramco

PM NEWS Editor

4 years ago

Petrobras' dividends were less than Saudi Arabia's state-controlled Saudi Aramco, the world's largest oil company, which produces 13 million barrels…
Olaniyan Abdulganiyy

aptLearn trains over 40,000 students in several IT courses

Michael Adesina

4 years ago

People can learn and gain the skills they need to compete and thrive in the rapidly changing tech ecosystem online…
Shell Petroleum Development Company (SPDC) General Manager, External Relations, Mr Igo Weli

Oil theft: SPDC to deploy drones to monitor pipelines, wellheads

Ayorinde Oluokun

4 years ago

Oil thieves punctured SPDC pipelines and wellheads, and thereafter, redirected crude oil to their illegal refining sites, thus denying the…
Twitter

Twitter queries banks on Musk’s attempts to undermine $44bn deal

PM NEWS Live

4 years ago

Musk has sent his own subpoenas over the past two days to Concentrix Solutions Corp, a data analytics firm, and…
Naira

More woes as Naira plummets to Dollar again

Kazeem Ugbodaga

4 years ago

The figure represented a decrease of 0.42 per cent compared with the N428.88 it exchanged for the dollar on Monday.
Dangote Cement Factory

Dangote Cement deploys more facilities in Ghana, Cote d’Ivoire

Ademola Adegbamigbe

4 years ago

Dangote Cement is Africa's leading cement producer with nearly 51.6Mta capacity across Africa.
OPEC's new Secretary-General, Haitham Al-Ghais

Al-Ghais assumes office as OPEC Secretary General

Ayorinde Oluokun

4 years ago

Al-Ghais succeeded the late OPEC Chief, Nigeria’s Mohammad Barkindo, who died on July 5.
Keystone Bank

Keystone Bank launches Apprentice Settlement Savings account for business owners

Kazeem Ugbodaga

4 years ago

According to the bank, the new account also known as ‘Oga Account’ which was formally launched on Wednesday, in Lagos,…
"Minimum wage above N62,000 will lead to job losses" - NECA

Oyerinde appointed new NECA DG

Ayorinde Oluokun

4 years ago

Oyerinde holds a Bachelor’s and Master’s degree in Industrial Relations and Personnel Management from the University of Lagos.
Emefiele: Ex-CBN director confirms receiving $2.5m as gift from $6.2m election money

Poor economy: Emefiele has failed, sack him now – Youth Council tells Buhari

Kazeem Ugbodaga

4 years ago

The Naira within the week depreciated to an all-time low of N730 to a U.S dollar at the parallel market.
Twitter imposes restriction on number of tweets to read per day

Elon Musk countersues Twitter

Nimot Sulaimon

4 years ago

Earlier in July, the Tesla CEO had announced that he was giving up on the acquisition. He accused Twitter of…
The mega transformers ordered by the Nigeria under the first phase of the Presidential Power Initiative during the test at Siemens Energy in Italy

Siemens Energy set to begin delivery of Nigeria’s mega transformers

Ayorinde Oluokun

4 years ago

In 2018, President Muhammadu Buhari initiated the Presidential Power Initiative (PPI) that will enable Siemens Energy to upgrade Nigeria’s electricity…
Alerzo

Alerzo CEO, others chart way forward for retail business in Nigeria

Kazeem Ugbodaga

4 years ago

The six-day event which was held from July 25 to 30 in Victoria-Island, is the sixth edition and witnessed over…
Emirates announces it will resume flight services to Nigeria from 1 October 2024 with a daily service between Lagos and Dubai.

Emirates Airline cuts flights to Nigeria over blocked funds

PM NEWS Editor

4 years ago

The Emirates letter dated 22 July, said the reduced frequency will begin 15 August. The letter was signed by Sheikh…
FCMB Group records 73.2% profit

FCMB Group Plc records 73.2% profit

Ademola Adegbamigbe

4 years ago

For the six months ended June 30, 2022, FCMB Group Plc has reported better-than-impressive Earnings, Revenue, Deposits, Loans and Asset…
Wema Bank

Wema Bank hits ₦5.3bn profit after tax in first half of 2022

Kazeem Ugbodaga

4 years ago

The N5.3 billion PAT represents an improvement from the from ₦3.72 billion posted in the first half of last year.…
32-year-old Ekiti man Adeosun Adeola claims that N1.6 million kept in his custody got missing in his bank account by spiritual means.

Naira crashes again at Investors, Exporters window

Nimot Sulaimon

4 years ago

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled…
Lekki Deep Seaport

Lekki Seaport to begin commercial operations

Ayorinde Oluokun

4 years ago

With the approval and level of preparedness, Lekki Deep Seaport is set for berthing commercial vessels before year-end
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