Business

Billionaires’ wealth falls for the first time in decade

Isa Isawade

6 years ago

The world’s richest people became a little less wealthy last year, according to a report by UBS and PwC, as…

Cooking gas marketers report 75% price hike

Nimot Sulaimon

6 years ago

Marketers of Liquefied Petroleum Gas (LPG), under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), raised…

Jaiz Bank Transcends Religious Affiliation- MD

Kazeem Ugbodaga

6 years ago

The Managing Director, Jaiz Bank Plc, Mallam Hassan Usman has explained that the workings and offerings of the bank are…

Volkswagen to market self-driving cars by 2025

Nimot Sulaimon

6 years ago

Volkswagen hopes to build self-driving cars, a commercial reality by the middle of the next decade, the German carmaker said…

Total set to sell $750m stake in Nigeria’s OML 118

PM NEWS Editor

6 years ago

French oil giant Total is seeking to sell its 12.5% stake, worth $750m in a major deepwater oilfield off the…

“Yiwu China Commodity City” brand unveiled in Times Square

PM NEWS Live

6 years ago

On the opening day of the 2nd China International Import Expo on November 5th, China time, the “Yiwu China Commodity…

Nigeria targets 80 percent revenue from non-oil sector

PM NEWS Editor

6 years ago

Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler said non-oil sector will contribute 80 per cent of Nigeria's…

Trade war leaves China, USA badly bruised: UNCTAD

PM NEWS Editor

6 years ago

Tariffs imposed by the United States on China are economically hurting both countries, UNCTAD warned in a new report released…

McDonald’s loses $4billion after CEO sacked

PM NEWS Editor

6 years ago

It was a market wipe out for giant food chain McDonald's, a day after its board sacked its CEO Steve…

What Sanwo-Olu said at Trade Fair will gladden SMEs

Kazeem Ugbodaga

6 years ago

Lagos State Government will be pursing a private sector finance to incentivise local manufacturers and Small and Medium Enterprises (SMEs)…

Obasanjo’s mango plantation set to employ 1000 workers in Benue

PM NEWS Editor

6 years ago

Former Nigerian President Olusegun Obasanjo, is set to become a big employer of labour in Benue state, with his mango…

McDonald’s sacks CEO Easterbrook over relationship with staff

PM NEWS Editor

6 years ago

Steve Easterbrook, credited with turning around the fortunes of McDonald's since 2015, was sacked today by the food giant's board…

Saudi Aramco’s IPO opens

PM NEWS Editor

6 years ago

Saudi Arabia's state oil giant, Aramco kickstarted its initial public offering (IPO) on Sunday as the company's application to list…

7 Ways you can make money in rabbit farming

Isa Isawade

6 years ago

Rabbits can be reared for any of the following reasons- to be domesticated as pets; to be reared for consumption…

Interswitch acquires eClat

Isa Isawade

6 years ago

Interswitch Limited, a leading technology-driven company focused on the digitization of payments in Nigeria and other African countries, has announced…

South Africa’s credit rating close to junk status

PM NEWS Editor

6 years ago

Ratings agency Moody’s followed S&P Global and Fitch in spelling bad news for Africa's second biggest economy, South Africa, now…

Vitol pulls out of deal to buy Petrobras’ Nigerian oil fields

PM NEWS Editor

6 years ago

Oil trader Vitol and Delonex Energy have quit a consortium that was set to buy a stake in two Nigerian…

14 companies bid for OML 119

PM NEWS Editor

6 years ago

Fourteen companies are bidding for the financing and redevelopment of Oil Mining Lease (OML) 119.

South African firm dumps Starbucks, Domino’s Pizza outlets

PM NEWS Editor

6 years ago

South Africa's Taste Holdings, owner of Starbucks and Domino’s Pizza franchises in South Africa, said on Friday it was abandoning…

Dangote Refinery starts production early 2021

PM NEWS Editor

6 years ago

Nigeria’s giant Dangote refinery will be ready for commissioning at the beginning of 2021, with production reaching full capacity by…

AfDB increases capital to record $208billion

PM NEWS Editor

6 years ago

The African Development Bank’s board approved a 125% capital increase to $208 billion from $93 billion on Thursday, the largest…

South Africa revenue agency probes mega VAT, Customs fraud

PM NEWS Editor

6 years ago

South Africa is investigating criminal syndicates operating in the scrap metal, fuel and gold industries and responsible for value-added tax…

U.S. oil imports increase, exports down last week

Isa Isawade

6 years ago

The United States' crude oil imports increased while exports decreased during the week ending Oct. 25, the U.S. Energy Information…

Samsung profits in Q3 slump over 50%

PM NEWS Editor

6 years ago

Samsung Electronics, the world's largest smartphone and memory chip maker, saw net profits slump by more than half in the…

Brazil mulls joining OPEC

PM NEWS Editor

6 years ago

Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add…

US Fed cuts interest rate for the 3rd time this year

PM NEWS Editor

6 years ago

The US Federal Reserve has slashed interest rates for the third consecutive time, with the Federal Open Market Committee voting…

Dangote Flour workers protest over unpaid gratuities

Nimot Sulaimon

6 years ago

Trade unions in Dangote Flour Mill (DPM) on Wednesday staged a protest over non-payment of workers’ gratuities since 2012.

Dangote Flour Mill workers protest over non-payment of gratuities

PM NEWS Editor

6 years ago

Trade unions in Dangote Flour Mill (DPM) on Wednesday staged a protest over non-payment of workers’ their gratuities since 2012.

Americans pile up $50b debt on online instalment loans

PM NEWS Editor

6 years ago

Americans have piled up a massive $50 billion debt on online instalment loan, a form of debt with longer maturities…

Sterling Bank interest income jumps in Q3

PM NEWS Editor

6 years ago

Sterling Bank Plc posted net interest income growth of N47.53 billion for the third quarter ended Sept. 30, 2019.

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