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Business

Court orders fines Zenith Bank Plc N85m for freezing an account of its customer identified as Abhulimen & Co based on an invalid court order.

Zenith Bank posts N284.7bn profit before tax in 2022

Kazeem Ugbodaga

3 years ago

According to the audited financial results for the 2022 financial year presented to the Nigerian Exchange (NGX) on Wednesday, profit…

Paystack co-founder Akinlade buys major stakes in Danish football club

Kazeem Ugbodaga

3 years ago

The partnership was announced by the Danish club through social media leading to an agreement that will cause the club…
China fines Alibaba group

Alibaba Group to split into 6 business units

Nimot Sulaimon

3 years ago

It said it had become necessary after the government intervention put a brake on Alibaba’s growth and caused a sharp…
Chinese Yuan and US Dollars

Again, Chinese Yuan weakens against Dollar

Nimot Sulaimon

3 years ago

In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the…
EFCC

Emefiele to lead monitoring of CBN’s efforts to ease naira scarcity

Ayorinde Oluokun

3 years ago

CBN said it has also directed all commercial banks to open for operation on Saturdays and Sundays to meet their…
Emirates announces it will resume flight services to Nigeria from 1 October 2024 with a daily service between Lagos and Dubai.

Emirates Airline decries trapped funds in Nigeria

Nimot Sulaimon

3 years ago

Although Emirates declined to say how much was trapped in Nigeria, a spokesperson said roughly half of the amount in…
Naira

Naira collapses against dollar again at exporters’ window

Kazeem Ugbodaga

3 years ago

An exchange rate of N462.50 to the dollar was the highest rate recorded within the day’s trading before it settled…
or the Nigerian market.

Nigeria Air will fly before May 29 – Sirika

Ayorinde Oluokun

3 years ago

By Gabriel Agbeja The Nigerian Government has assured that its the National Carrier, Air Nigeria, will take to the sky…
Aggrieved parties file 25 petitions, tackle Gbajabiamila, Faleke, others

Naira crunch: Reps want online banking system overhauled

Isa Isawade

3 years ago

“Worried that if nothing is done by the CBN to address these difficulties or ineffectiveness, Nigerians will continue to suffer…
Chinese Yuan and US Dollars

Chinese Yuan strengths against Dollar

Nimot Sulaimon

3 years ago

In China’s spot foreign exchange market, the yuan was allowed to rise or fall by two percent from the central…
Made-in-Aba products

Cash crunch won’t affect Enugu trade fair – Chamber

Isa Isawade

3 years ago

He urged Nigerians to actively participate in the fair, as it would offer them the opportunity to interface with manufacturers…
Experts laud CBN over planned recapitalisation of banks

Nigeria’s economy maintains nine-quarter consecutive growth – CBN

Ayorinde Oluokun

3 years ago

According to Emefiele, the improved performance of the economy has been driven largely by sustained growth in the services and…
President Buhari exempts Nigerian digital economy sector from five per cent excise duty imposed on some other goods,

‘Why Buhari exempted digital economy sector from 5% excise duty’

Ayorinde Oluokun

3 years ago

Buhari had on March 6 approved the exemption of the digital economy sector on the 5 per cent excise duty…
Online Casino

Three Most Popular Payment Methods For Online Casinos

PM NEWS Live

3 years ago

Cryptocurrencies were one of the emerging trends that improved online transactions across the globe. They are fast, easy and extremely…
Top 5 Nigerian Companies

Top 5 Nigerian Companies

PM NEWS Live

3 years ago

It pays to be one of the leading companies in a highly populated country like Nigeria. This is even more…
Eggs

Over N30bn worth of eggs lost to CBN’s naira policy – Association

Ayorinde Oluokun

3 years ago

Onallo-Akpa, however, alerted that the poultry industry is on the verge of total collapse and extermination because of the negative…
Bitcoin

How is Nigeria Accepting Crypto?

PM NEWS Live

3 years ago

Cryptocurrency is excellent for payment. Whether it’s giving money to a friend or family member, or just buying clothes online,…
Governor Dapo Abiodun explains the vision behind Gateway Agro-cargo International Airport in Ogun state to excited investors.

Airport: Gov. Abiodun projects Ogun as agro processing hub for West Africa

Ayorinde Oluokun

3 years ago

Governor Abiodun said the airport would host a Special Agro-Processing Zone, where conglomerates in the agricultural sector, would process agricultural…
DSS finally drags Godwin Emefiele to court

Cash crunch: Food, nutrition crises loom in 26 states, FCT – FAQ

Isa Isawade

3 years ago

According to the report, about 17.7 million people, including 14,000 IDPs in 26 states and the FCT, will be in…
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 resumes oil export from Bonny Oil Export Terminal

Nimot Sulaimon

3 years ago

A blast near the Trans Niger Pipeline, which transports crude from oilfields in Rivers and Bayelsa, killed 12 suspected oil…
Naira

Dollar plummets against Naira at exporters’ window

Kazeem Ugbodaga

3 years ago

The rate represented an increase of 0.07 per cent, compared to the N461.42 it exchanged to the dollar on Tuesday.
DSS finally drags Godwin Emefiele to court

Ebonyi residents groan as cash crunch persists despite CBN order

Isa Isawade

3 years ago

“All persons and institutions concerned are therefore mandated to resume acceptance of the above denominations as valid means of payment…
Nigeria's inflation rises

Cash crunch: Nigeria’s inflation rises to 21.91% 

Kazeem Ugbodaga

3 years ago

According to the National Bureau of Statistics (NBS), in February 2023, the headline inflation rate rose to 21.91% compared to…
Ashish Pande

Olam Agri partners Asian Research College to Improve Sustainability in Agric. Sector

Kazeem Ugbodaga

3 years ago

The agribusiness sponsored the recently-concluded Singapore Business Case Competition X African Challenge 2023 organised by the institution to craft innovative,…
Naira

More woes as Naira crumbles to Dollar again

Kazeem Ugbodaga

3 years ago

An exchange rate of N462.50 to the dollar was the highest rate recorded within the day’s trading before it settled…
Pfizer

Pfizer to acquire Seagen for $43bn

Kazeem Ugbodaga

3 years ago

Seagan discovers, develops and commercialises cancer medicines. The companies expect to complete the merger in late 2023 or early 2024.
Ex- President Muhammadu Buhari insists naira redesign policy of former Governor of CBN Godwin Emefiele ensured 2023 elections were "cleaner"

Breaking: CBN has no reason not to comply with Supreme Court’s judgement – Buhari

Kazeem Ugbodaga

3 years ago

Presidential spokesman, Garba Shehu, in a statement on Monday said the CBN has no reason not to comply with the…

HSBC buys out Silicon Valley Bank

Nimot Sulaimon

3 years ago

It comes after the U.S. government moved to stop a potential banking crisis after the historic failure of Silicon Valley…
Sisi Alagbo

How I started selling herbs – Sisi Alagbo

Michael Adesina

3 years ago

Nwanze Opeyemi who hails from Ilesha Osun State is a Nigerian entrepreneur, and CEO of Sisi Alagbo Enterprise, an herbal product…
Bayelsa kicks against BudgiT 2022 report, faults indices

Obey Supreme Court order, Gov. Diri tells CBN

Isa Isawade

3 years ago

He urged the CBN to clarify the validity of the old Naira notes being reissued by banks after the Supreme…
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