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Business

Stock Market

Stock market posts losses, capitalisation down by N20bn

Kazeem Ugbodaga

4 years ago

Specifically, the market capitalisation lost N20.6 billion or 0.07 per cent to close at N27.921 trillion from N27. 941 trillion…
President Faustin-Archange Touadera renews faith in cryptocurrency

Central African Republic renews faith in cryptocurrency

PM NEWS Editor

4 years ago

The Central African Republic's enthusiasm for cryptocurrencies does not seem to have been dented by recent losses in their values,…
Cherry Eromosele

Eromosele becomes Executive Vice President, Marketing, Comm., Interswitch

Kazeem Ugbodaga

4 years ago

She will also be accountable for developing and institutionalizing sound and sustainable processes that help realize Interswitch’s brand, marketing and…
illegal crude oil refiners

Nigeria loses $1billion to crude oil thieves in 3 months

PM NEWS Editor

4 years ago

Gbenga Komolafe, the head of the Nigerian Upstream Petroleum Regulatory Commission, said of the 141 million barrels of oil produced…
Top real estate firm Pertinence launches signature project, IRE

Top real estate firm Pertinence launches signature project, IRE

Michael Adesina

4 years ago

Pertinence prides itself to have sold around 2.1million square metres of land within 80 estate locations across seven Nigerian states,…
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 gains marginally against dollar at investors window

Nimot Sulaimon

4 years ago

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled…
The Hong Kong vessesl at Lekki Deep Sea Port

First vessel from Hong Kong berths at Lekki deep seaport

PM NEWS Editor

4 years ago

The arrival of the vessel from Hong Kong, according to Mr Mohammed Bello-Koko, Managing Director of the Nigerian Ports Authority(NPA),…
Patience Oniha DG DMO

DMO releases Sukuk rental payment calender

Nimot Sulaimon

4 years ago

According to the calendar, there is the 16.47 per cent FGN Sukuk 2024, issued on Sept. 26, 2017, which has…
Cornelius Johannes Steynberg bitcoin fraud

Interpol arrests South African Steynberg for biggest bitcoin fraud

PM NEWS Editor

4 years ago

The regulator said on Thursday that the fraud scheme, which saw the firm solicit bitcoin online from thousands of people…
Site of Duport Midstream Company Ltd. Energy Park, a 10,000 barrels per day modular refinery: ready for take off in Edo State

Duport’s 10,000bpd refinery ready for production in Edo

Ayorinde Oluokun

4 years ago

Dr Akintoye Akindele, Managing Director/Chief Executive Officer (MD/CEO) of the company said that Duport was conceptualised to be a modern…
Mele Kyari

NNPC remits zero to treasury as subsidies gobble $3billion

PM NEWS Editor

4 years ago

The NNPC document, according to a Reuters report showed that the corporation has not remitted any revenue from its oil…

War-torn Ukraine exports electricity to Europe

PM NEWS Editor

4 years ago

According to Shmyhal, Ukraine has the potential to earn more than 70 billion hryvnyas (about 2.4 billion U.S. dollars) per…

Onitsha port will generate over N23bn in 30 years – Saraki

Ayorinde Oluokun

4 years ago

The redevelopment of Onitsha River Port is seen as a boost to commercial activities in the South East.
Debt Management Office (DMO) , on behalf of the Federal Government, offers two FGN Savings Bonds for subscription at N1,000 per unit

Nigeria redeems $300m diaspora bond – DMO

Nimot Sulaimon

4 years ago

According to the statement, the diaspora bond was issued on June 27, 2017, for a tenor of five years in…
This follows the expiration of the 50 per cent rebate earlier granted by Sanwo-Olu when the fuel subsidy was removed by President Bola Tinubu.

Lagos announces hike in BRT fare, fixes date for commencement

Kazeem Ugbodaga

4 years ago

With the increase, a bus ride from Ikorodu–TBS will now cost N600 from N500, while Berger to Ajah is now…
Naira

Naira loses big against dollar

Kazeem Ugbodaga

4 years ago

This represents a 0.80 per cent depreciation. The open indicative rate closed at N421.80 to the dollar on Wednesday.
NIWA donates food items, N5 million cash to Kogi govt to help cushion effects of 2022 flood disaster and the one anticipated this year.

NIWA seeks support for local production of vessels

Ayorinde Oluokun

4 years ago

The new board Chairman, Senator Binta Masi Garba in her address commended NIWA for the strides it has recorded since…
SEC says the amount of unclaimed dividends in the Nigeria's capital market currently stands at N190 billion

Unclaimed dividends hit whopping N180 billion

PM NEWS Editor

4 years ago

Although N180 billion unclaimed dividends is a large amount, Yuguda said that the amount constituted only five per cent of…
Akande with Jaji and Ososanya at the event

Why private sector should partner govt to drive MSMEs – Sanwo-Olu

Kazeem Ugbodaga

4 years ago

According to Sanwo-Olu, as a people-oriented government, his administration would take advantage of these emerging opportunities by designing and implementing…
Nigerian naira and dead industries

Reviving the Naira and Dead Industries

Ademola Adegbamigbe

4 years ago

 It is an exercise in self-delusion to think that a stable, highly valued naira can be decreed into existence. Even…
Titan Trust Bank

Union Bank’s Acquisition: Titan Trust Bank aiming for market dominance

Kazeem Ugbodaga

4 years ago

Its expansionary drive could not have come at a better time with Tier-1 banks moving to HoldCo structures, FinTech standing…
NASME partners MTN MoMo for a mobile money platform for start-ups and Small and Medium Enterprises (SMEs) to grow their businesses.

MTN’s MOMO bank transfers N22.3 billion to 8,000 customers in error

PM NEWS Editor

4 years ago

Court filing in suit No. FHC/L/CS/960/2022 instituted by the Mobile Money Bank against 18 Banks revealed that the error occurred…
Russian roubles

Russia set to default on bond payments

PM NEWS Editor

4 years ago

The Kremlin has repeatedly said there are no grounds for Russia to default but it is unable to send money…
Dekunle Okunrinboye

Nigerian entrepreneur improving passion for Business

Michael Adesina

4 years ago

Okunrinboye is also an Executive at JOFEC Group, a multinational business in Oil & Gas, Construction, Commodity Export, and Hospitality.…
Naira

Naira appreciates against Dollar

Nimot Sulaimon

4 years ago

A total of 162.98 million dollars was traded in foreign exchange at the official Investors and Exporters window on Friday.
B2B e-Commerce

B2B e-commerce as an enabler of micro businesses

Kazeem Ugbodaga

4 years ago

Characteristically, the majority of informal retail businesses are largely unstructured despite their huge potential. Nigeria's informal retail business is estimated…
The National Action for Sugar Reduction Coalition (NASR) advocates for more taxes on Sugar Sweetened Beverages (SSB) to reduce consumption.

Nigerian govt begins implementation of sugar tax

Ayorinde Oluokun

4 years ago

Federal Government of Nigeria approved the taxation of N10 per litre tax on SSBs on Dec. 2021.
MTN

MTN, NCC fixes date to rollout 5G

Kazeem Ugbodaga

4 years ago

In May, the NCC handed over the final letters of award of 5G spectrum licences to winners of the December…
MTN, MAFAB win 5G spectrum licences

Nigeria announces date for rollout of 5G spectrum

Ayorinde Oluokun

4 years ago

The EVC reiterated that the International Telecommunications Union (ITU) had revealed that 5G network would ensure Enhanced mobile broadband (eMBB);…
AMCON files debt recovery suit of N140.6m against ex-Bank PHB boss

Atuche loses bid to challenge conviction in Appeal Court

PM NEWS Editor

4 years ago

However, the panel said that Atuche's jail term should be 12 years concurrently, rather than 120 years, handed down by…
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