Business

NSIA makes N68b profit, gets $250m more cash

PM NEWS Editor

6 years ago

The Nigeria Sovereign Investment Authority (NSIA) realized N68.3 billion as profit between Jan. 2018 and June 30, 2019.

We will fast-track industrialisation, development – Sanwo-Olu

Kazeem Ugbodaga

6 years ago

Lagos State Governor, Babajide Sanwo-Olu on Wednesday said his administration remained committed to the holistic implementation of policies that would…

Apple begins building $1billion campus in Texas

PM NEWS Editor

6 years ago

Apple Inc said on Wednesday it had started building a new campus in Austin, Texas, beside its existing facility where…

Lagos Revenue Service in trouble over unpaid N1bn Industrial Fund

Kazeem Ugbodaga

6 years ago

The Industrial Training Fund, ITF, and its governing council have dragged the Lagos Internal Revenue Service, LIRS, and its board…

GAC Motors to visit Lagos for feasibility study

Kazeem Ugbodaga

6 years ago

Guangzhou Automobile Group (GAC Motors) will be visiting Lagos State to study the viability of establishing a Vehicle Assembly Plant.

What you need to know about Blue Economy

Isa Isawade

6 years ago

According to Said Adejumobi, Director for Southern Africa (SRO SA), Economic Commission for Africa (ECA), the blue economy can be…

‘Consult Embassy before business venture in Dubai’ – Ambassador says

Nimot Sulaimon

6 years ago

The Nigerian Ambassador to the United Arab Emirates (UAE), Mohammed Rimi, advised Nigerians coming to Dubai for genuine businesses to…

Jumia suspends business in Cameroon

PM NEWS Editor

6 years ago

Online retailer Jumia Technologies, often called “the Amazon of Africa”, said it suspended its e-commerce platform activities in Cameroon on…

Buhari govt subsidises petrol at N18.68K per litre

PM NEWS Editor

6 years ago

The Buhari administration, through the NNPC is subsidising petrol consumption at N18.68K per litre as the Petroleum Products Pricing Regulatory…

Nissan recalls nearly 400,000 vehicles in the United States

Nimot Sulaimon

6 years ago

Japan’s Nissan Motor Co. Ltd (7201.T) announced that it will recall 394,025 cars in the United States of America over…

Vandals hit Nigeria’s oil export Nembe trunk line , Aiteo says losses huge

PM NEWS Editor

6 years ago

Sustained economic sabotage by vandals on Nigeria's oil-exporting Nembe Creek Trunk Line (NCTL) has led to significant losses in production,…

Jaiz Bank declares N1.25bn profit after tax

Kazeem Ugbodaga

6 years ago

Jaiz Bank Plc, Nigeria’s premier non-interest (Islamic) bank has once again shown its capability of rounding up the year positively…

Samsung Galaxy Fold sells out in Nigeria

Nimot Sulaimon

6 years ago

Samsung Nigeria said the highly anticipated foldable device is a hit with Nigerians as the first batch released has already…

Apple Inc. now bigger than Chevron, ExxonMobil, ConocoPhillips combined

PM NEWS Editor

6 years ago

Apple is now valued more than the entire US energy sector, according to analysts at Bank of America Merrill Lynch.

Unusual Entrepreneur partners Ecobank; announces second cohort

Kazeem Ugbodaga

6 years ago

The Unusual Entrepreneurship Programme has entered into a strategic partnership with Ecobank Nigeria to provide all banking support and funding…

China’s Alibaba group to back 4 Nigerian tech entrepreneurs

PM NEWS Editor

6 years ago

China's second richest man, Mr Jack Ma said his Alibaba Group will support four technology entrepreneurs in Nigeria, among the…

Photos: Jack Ma, China’s second richest man in Nigeria

PM NEWS Editor

6 years ago

Jack Ma, China's second richest man and founder of online e-commerce juggernaut, Alibaba has arrived in Nigeria to attend the…

$600m loan for Ghana to boost cocoa products

PM NEWS Editor

6 years ago

African Development Bank, Credit Suisse, Industrial and Commercial Bank of China and Ghana Cocoa Board have signed a $600 million…

AIICO issues red alert about scammers

PM NEWS Editor

6 years ago

Nigeria's leading insurance company, AIICO has issued a red alert about scammers using its name and brand to solicit for…

Zedcap Partners Bags Best Brokerage Service Award

PM NEWS Live

6 years ago

Zedcap Partners Limited (ZPL), the Securities Brokerage arm of Zedcrest Capital Limited was adjudged the Best Brokerage Service firm in…

Nigeria’s Interswitch hits $1billion valuation with Visa investment

PM NEWS Editor

6 years ago

Nigeria's digital payments firm Interswitch said Visa has acquired a minority equity stake in the firm, TechCrunch has reported.

Oil prices gain as market awaits signals on U.S.-China trade talks

Isa Isawade

6 years ago

Oil prices rose on Tuesday, reversing early losses on hopes that U.S. President Donald Trump may signal progress on trade…

Ecobank adopts Growth Strategy, targets strong ending for 2019

Kazeem Ugbodaga

6 years ago

Apparently to grow its deposits portfolio, Ecobank has made some moves in recent times. The Pan- African Bank with a…

AfDB eyes $67b at Johannesburg’s Africa Investment Forum

PM NEWS Editor

6 years ago

The Africa Investment Forum is making phenomenal progress in attracting interest from all over the world since launching at the…

Tizetti launches 4G LTE network, extends service to Rivers, Edo, Ogun states

PM NEWS Editor

6 years ago

Tizeti, Nigeria's pioneer solar-based internet service provider, has launched its 4G LTE network in Nigeria, with the plans to extend…

Africa Investment Forum opens in Johannesburg today

PM NEWS Editor

6 years ago

The second edition of the Africa Investment Forum, organised by the African Development Bank, began today in Johannesburg, South Africa.…

Video: Dangote rice mill springs up in Saminaka, Gov. Bagudu excited

PM NEWS Editor

6 years ago

Gov. Atiku Bagudu of Kebbi on Sunday commended Dangote Group for setting up a rice mill in the state, saying…

Alibaba hits record $13b sale in one hour

PM NEWS Editor

6 years ago

Chinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for its annual Singles’ Day shopping blitz hit…

NDIC pays N100bn liquidation dividends

Isa Isawade

6 years ago

The Nigeria Deposit Insurance Corporation (NDIC) said it had paid over N100 billion as liquidation dividends to depositors of closed…

Dangote set to pump $2b in phosphate mining in Togo

PM NEWS Editor

6 years ago

Dangote Industries will invest in a $2 billion phosphate project in Togo, positioning itself to become a main supplier of…

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