Business

CACOVID relief fund gets bigger: CBN

Nimot Sulaimon

6 years ago

The Central Bank of Nigeria (CBN) on Friday revealed that its Private Sector Coalition Against COVID-19, CACOVID relief fund has…

Netflix overtakes ExxonMobil in stock value

PM NEWS Editor

6 years ago

Netflix, the online movie streaming giant is now more valuable than ExxonMobil, the American oil giant.

Chevron debunks reports workforce stricken by coronavirus

PM NEWS Editor

6 years ago

Chevron Nigeria Limited said on Thursday that its workforce, both expatriate and indigenous is free of the coronavirus.

Moody’s maintains negative outlook for Nigeria

PM NEWS Editor

6 years ago

America's credit rating agency Moody's in a statement on Wednesday affirmed Nigeria's B2 ratings.

Amazon to hire 75,000 employees amid coronavirus

Taiwo Okanlawon

6 years ago

E-commerce company, Amazon is set to hire 75,000 employees to cope with the increase in demand of household goods due…

Caverton helicopters pilots granted bail

PM NEWS Editor

6 years ago

A Chief Magistrate Court in Port Harcourt, Rivers State on Tuesday granted bail to two pilots of Caverton Helicopters, Samuel…

IMF: Nigeria’s economy to shrink 3.4%, South Africa 5.8%

PM NEWS Editor

6 years ago

The IMF has projected significant economic contraction this year for Sub-Saharan Africa's two leading economies, Nigeria and South Africa.

IMF approves debt relief for 19 African countries(The List)

PM NEWS Editor

6 years ago

The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries, to help them free up funds…

Trump says OPEC+ planned output cut 20 mbpd

PM NEWS Editor

6 years ago

Top global oil producers are considering output cut of 20 million barrels a day under the terms of a deal…

No fee charged on COVID-19 loan application — CBN

PM NEWS Live

6 years ago

The Central Bank of Nigeria (CBN) says the bank does not charge any fee on COVID-19 loan application as claimed…

Nigeria pegs oil output at 1.412m barrels a day: Sylva

PM NEWS Editor

6 years ago

Nigeria is set to peg its daily oil output at 1.412 Million barrels per day from the average 1.87mbd, petroleum…

Nigeria reduces oil production after OPEC+ deal: Sylva

PM NEWS Editor

6 years ago

The Minister of State for Petroleum Resources, Timipre Sylva, has indicated Nigeria would be reducing oil production by more than…

Kia Motors set to shut Korean plants over virus

PM NEWS Editor

6 years ago

Kia Motors told its labour union in South Korea that it wants to suspend operations at three of its factories…

Oil producers agree record 9.7m barrels output cut

PM NEWS Editor

6 years ago

Top oil-producers agreed Sunday on "historic" output cuts in a bid to boost plummeting oil prices due to the new…

IMF appoints Okonjo-Iweala into advisory group

PM NEWS Editor

6 years ago

Nigeria's former finance minister, Dr Ngozi Okonjo-Iweala was named by the IMF on Friday as a member of its External…

Buhari, others hail Aliko Dangote as he marks another year

PM NEWS Editor

6 years ago

Nigerians and Africans in the social media have celebrated Aliko Dangote, Africa’s richest businessman and philanthropist. The cement mogul, who…

Two Easy Ways To Get A Loan For An Investment Property

Kazeem Ugbodaga

6 years ago

Securing capital for a real estate business is usually a tough task. There are quite a few platforms you can…

EEDC promises steady power supply for Easter

Nimot Sulaimon

6 years ago

The Enugu Electricity Distribution Company (EEDC) has assured people in the southeast zone of improved, steady power supply during Easter.

IMF chief: World faces worst economic crisis since Great Depression

PM NEWS Editor

6 years ago

The coronavirus pandemic has inflicted an economic crisis unlike any other in the past century and will require a massive…

Nigeria, Angola, South Africa going into recession: World Bank

PM NEWS Editor

6 years ago

The World Bank Group said on Thursday that Coronavirus will drive many African countries, such as Nigeria, South Africa and…

Wike’s order: Caverton Helicopters’ office shut in Rivers

Kazeem Ugbodaga

6 years ago

In a swift compliance to the directive of Governor Nyesom Wike that Caverton Helicopters' offices be closed, one of the…

NDIC donates N1bn to COVID-19 relief fund

Nimot Sulaimon

6 years ago

The Board of the Nigeria Deposit Insurance Corporation (NDIC) has approved the immediate release of N1 billion Naira to the…

Stanbic IBTC Retains AAA, F1+ Fitch National Ratings

PM NEWS Live

6 years ago

According to ac recent report by Fitch Ratings, a globally-renowned credit rating agency, Stanbic IBTC Holdings PLC and its banking…

Lagos gives 11,000 MSMEs moratorium on loans

PM NEWS Editor

6 years ago

Lagos State has given 11,000 Micro, Small and Medium Enterprises (MSMEs) and technology start-ups, a two-month moratorium on their loans.

Nigeria plans to handover refineries to private firms

PM NEWS Editor

6 years ago

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, said the corporation will no longer be…

Mele Kyari: Ending fuel subsidy in the interest of ordinary Nigerians

PM NEWS Editor

6 years ago

Mele Kyari, the Group managing director of the Nigerian National Petroleum Corporation said the decision to end the fuel subsidy…

Oil firms donate N21b to Nigeria’s COVID-19 fund

PM NEWS Editor

6 years ago

The total donations by players in the Oil and Gas Industry to Nigeria’s COVID-19 fund is N21billion. NNPC GMD, Mele…

AfDB unveils $10 billion Response Facility to curb COVID-19

Kazeem Ugbodaga

6 years ago

The African Development Bank, AfDB, Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member…

Wike dares FG, orders closure of all Caverton Helicopters offices

Kazeem Ugbodaga

6 years ago

The Rivers State Government has declared Caverton Helicopters, Persona Non Grata in the state and ordered the closure of all…

FG bashes Wike for arresting Caverton Helicopters’ pilots

Kazeem Ugbodaga

6 years ago

The Federal Government has bashed Rivers State Governor, Nyesom Wike for arresting two Caverton Helicopters' pilots and the passengers for…

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