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Business

IMF Managing Director, Kristalina Georgieva, expresses concerns over new U.S. tariffs, calling them a major risk to the global economy

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 says the second dividend payable at 5.2 kobo per N1 will bring the cumulative liquidation dividend paid so far to 14.4 kobo per N1

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…
World Food Prize Foundation appoints outgoing President of African Development Bank (AfDB), Dr Akinwumi Adesina to its Council of Advisors.

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…
The Federal Government says the African Aviation and Aerospace University (AAAU), Abuja, will open for registration from Sept. 26 to Nov. 18.

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…

Coronavirus: FG slashes 2020 budget

Kazeem Ugbodaga

6 years ago

Nigeria’s Federal Government has sent new reduced budget proposal to the National Assembly for approval as a result of the…

COVID-19 War: Viju Milk Supports Lagos, Ogun

Ademola Adegbamigbe

6 years ago

Viju Industries (Nigeria) Limited, a player in the milk drink industry in Nigeria and West Africa, has joined the war…

COVID-19: Rosabon Announces N3M Collateral-Free Loan for Civil Servants

Ademola Adegbamigbe

6 years ago

  Rosabon Financial Services, one of Nigeria’s leading Non-Bank Financial Services provider, has announced collateral-free and guarantor-free loans as low as…
Jack Dorsey, Twitter CEO stepping down

Twitter chief Jack Dorsey tweets $1billion for coronavirus relief

PM NEWS Editor

6 years ago

Twitter co-founder and CEO Jack Dorsey said Tuesday he was committing $1 billion to coronavirus relief through his philanthropic fund.
CBN orders banks to publish names and BVN of defaulters

CBN to Nigerians: Beware of COVID-19 Cyber-attacks, Fraud

pmnews

6 years ago

The Central Bank of Nigeria (CBN) has alerted the general public to new tactics cyber-criminals are taking advantage of to…
Petrol

IPMAN, others back removal of fuel subsidy

Nimot Sulaimon

6 years ago

The Independent Petroleum Marketers Association of Nigeria (IPMAN) and some other stakeholders have supported the removal of fuel subsidy.
Kogi farmers

5  Lucrative farming businesses in Nigeria

Isa Isawade

6 years ago

It is already an over flogged point that the number one panacea for the country’s underdevelopment is real diversification from…

Finance Minister Ahmed: Nigeria seeks $3.5b loan from IMF, AfDB

PM NEWS Editor

6 years ago

Nigeria’s finance minister Zainab Ahmed said the country has applied to the International Monetary Fund (IMF) and African Development Bank…
NCC

NCC verdict on Coronavirus and 5G

Nimot Sulaimon

6 years ago

The Nigerian Communications Commission (NCC) said 5G Network has no link whatsoever with either Coronavirus or Security.

Heineken, Carlsberg to close breweries in Malaysia

Nimot Sulaimon

6 years ago

Malaysia has announced that two beer-producing companies; Heineken and Carlsberg will close their breweries to comply with the country's ongoing…
Aliko Dangote, promises automatic employment to first class graduates of Kano University of Science and Technology

Dangote Cement woos investors with N100bn bond issue

Kazeem Ugbodaga

6 years ago

Dangote Cement Plc, says it plans to raise up to N100 billion in fresh funds from the bond market, under…

‘Friends of Prof’: 100 businesses to get N1m each to boost their enterprises

Kazeem Ugbodaga

6 years ago

Twenty businesses have won N1 million each in the March 8th Initiative for Small Businesses organized by the 'Friends of…
CBN orders banks to publish names and BVN of defaulters

FG, CBN get ultimatum to provide spending details on COVID-19 relief funds

Kazeem Ugbodaga

6 years ago

The Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal Government and Central Bank of Nigeria (CBN) to provide…
Bank of Industry, BOI. says it has disbursed N1.48 billion in loans to 29,000 small business owners in Imo under FG's loan scheme for MSMEs

BOI records ₦39.33bn profit

Kazeem Ugbodaga

6 years ago

After completing 2019 financial accounts, the Bank of Industry (BOI) has disclosed that N39.33 billion was realised as profit before…
surgeon

Trump orders 3M stop selling respirators to Canada, Latin America

PM NEWS Editor

6 years ago

3M the maker of N95 respirators has been ordered to stop selling the product to Canada and Latin America.

Calabar Mall didn’t collapse – Management

Kazeem Ugbodaga

6 years ago

The management of the Calabar Mall and SPAR has debunked claimed that the mall collapsed.

Corona beer maker suspends production

PM NEWS Editor

6 years ago

The Mexican brewer of Corona beer said it was suspending production because of the health emergency in the country over…

COVID-19: IATA projects US$23bn revenue loss by airlines

Kazeem Ugbodaga

6 years ago

The International Air Transport Association (IATA), on Thursday, projected a potential revenue loss by airlines in Africa and the Middle…
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