Business

Updated: Oil prices fall to $31 in wake of Saudi price war

PM NEWS Editor

6 years ago

Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing…

Oil prices plunge below $35, Saudi Arabia triggers price war

PM NEWS Editor

6 years ago

Saudi Arabia rattled the already depressed oil market to its foundation early Monday after unilaterally slashing prices and promising to…

Rana Kapoor founder of India’s Yes Bank accused of stealing $602m

PM NEWS Editor

6 years ago

Rana Kapoor, the arrested founder and former managing director of India's crisis-hit Yes Bank, faces a double charge of corruption…

Wema Bank stirs controversy over International Women’s Day message

PM NEWS Editor

6 years ago

Wema Bank has ruffled some male chauvinists feathers after it posted a tweet celebrating International Women's Day.

Run on India’s Yes Bank, founder Rana Kapoor arrested

PM NEWS Editor

6 years ago

Rana Kapoor, founder of India's Yes Bank arrested Sunday on allegations of money laundering as anxious depositors stage a run…

South Africa consults Okonjo-Iweala to defeat recession

Kazeem Ugbodaga

6 years ago

Nigeria's former Minister of Finance, Dr. Ngozi Okonjo-Iweala has been consulted by the South Africa's government to help rescue the…

How Jumia is empowering women entrepreneurs

Kazeem Ugbodaga

6 years ago

As the world celebrates the 2020 International Women's Day on March 8, Jumia Nigeria has disclosed that the company prioritised…

What Nigeria recorded as total trade in 2019

Isa Isawade

6 years ago

The National Bureau of Statistics (NBS) said Nigeria recorded N36.152 trillion as value of total trade in 2019, representing a…

Coronavirus hits British Airways

Michael Adesina

6 years ago

Two British Airways staff have tested positive for coronavirus.

Ecobank drives financial inclusion, unveils Xpress Save and Xpress Loan

Kazeem Ugbodaga

6 years ago

Ecobank Nigeria has unveiled a new product offering, Xpress Save and Xpress Loan, enabling customers to conveniently & speedily open…

AMCON seizes 72 luxury flats, shopping complex over N4.8bn debt

Kazeem Ugbodaga

6 years ago

The Asset Management Corporation of Nigeria (AMCON) has confiscated properties belonging to 12 debtors in Lagos over a debt of…

Coronavirus: Lufthansa to cut flights up to 50 per cent

PM NEWS Live

6 years ago

German airline Lufthansa, on Friday, said it will cut flights up to 50 per cent in the coming weeks over…

Nigeria in trouble as oil prices crash after no OPEC deal with Russia

PM NEWS Editor

6 years ago

Nigeria's 2020 budget based on a $57 oil price will be further put under strain after oil prices crashed below…

DPR to begin clampdown on illegal gas plants in Kwara

PM NEWS Live

6 years ago

The Department of Petroleum Resources (DPR) in Kwara, on Friday, says it will soon clamp down on illegal gas outlets…

Prices of smoked fish stable in Jigawa

PM NEWS Live

6 years ago

The prices of smoked fish have maintained stability for over five weeks in a row at Hadejia Fish Market in…

Stanbic IBTC posts N75bn profit in 2019

Kazeem Ugbodaga

6 years ago

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has declared a profit after tax of N75 billion in…

Standard Bank issues $200m inaugural green bond

Kazeem Ugbodaga

6 years ago

Standard Bank of South Africa Limited (“SBSA”) has issued its first ever green bond, via private placement with IFC, a…

Senate approves Buhari’s $22.7b external loan request

PM NEWS Editor

6 years ago

The Senate on Thursday approved $22.7 billion as external borrowing plan for Nigeria out of the $22.8 billion requested by…

Senate approves N346.3bn for NDDC

Kazeem Ugbodaga

6 years ago

The Senate on Thursday approved the sum N346,388,900,000 as budget for the Niger Delta Development Commission (NDDC) for the 2019…

ICPC: Ex-SEC boss Gwarzo pays N798m for radio jingles, N3.4m for 4 fridges

PM NEWS Live

6 years ago

The suspended Director-General, Securities and Exchange Commission (SEC), Dr Mounir Gwarzo paid N798m for radio jingles and N3.4m for four…

China Southern Airlines to resume Shenzhen-Bangkok route

PM NEWS Live

6 years ago

China Southern Airlines says it will reopen Shenzhen-Bangkok airline services from March 13.

HSBC offices in London evacuated over coronavirus

PM NEWS Editor

6 years ago

HSBC has evacuated part of its UK headquarters in the Canary Wharf financial district in London over fears an employee…

Ikpeazu seeks AfDB investment in Abia

PM NEWS Editor

6 years ago

Governor Okezie Ikpeazu has met with African Development Bank President Akinwumi Adesina in Abidjan, Cote d’Ivoire to discuss investment in…

No second term for Peterside at NIMASA, Buhari appoints successor

PM NEWS Editor

6 years ago

Dr Dakuku Peterside will not have a second term as the director-general of the Nigerian Maritime Administration and Safety Agency…

Heritage Bank: 7 years of creating heritage wealth for Nigerians

Kazeem Ugbodaga

6 years ago

Today, one of the fastest growing financial service providers in Nigeria, Heritage Bank Plc, is celebrating 7 years of its…

MTN introduces new electronic recharge service

Nimot Sulaimon

6 years ago

MTN Nigeria Communications Plc has introduced ''MTN Topit'' for virtual top-up services in a bid to get rid of paper…

Eko Disco to cover metering by March 2021

PM NEWS Live

6 years ago

The Eko Electricity Distribution Company (EKEDC) will meter all the customers within its areas of coverage by March 2021. Mr…

Nigeria becomes Africa’s largest economy, overtakes South Africa

Michael Adesina

6 years ago

As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the continent’s second-largest economy.

Coronavirus: IMF, World Bank confirm virtual format for Spring meetings

PM NEWS Editor

6 years ago

The World Bank and the International Monetary Fund (IMF) on Tuesday confirmed that their 2020 Spring Meetings slated for April…

FIRS targets trillions in tax from oil, gas companies

Isa Isawade

6 years ago

The Federal Inland Revenue Service (FIRS) said it would rake in four trillion naira as tax revenue from the extractive…

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