Business

Kenya joins league of crude oil exporters, Uhuru flags off first shipment

PM NEWS Editor

7 years ago

Kenya has joined the league of crude oil exporters in Africa. President Uhuru Kenyatta flagged off the maiden oil shipment…

Oil thieves escalate attacks on NNPC pipelines, 106 breaches in June

PM NEWS Editor

7 years ago

The Nigerian National Petroleum Corporation (NNPC) recorded in June 77 per cent rise in oil pipeline breaches on its network…

South Africa seizes Air Tanzania’s Airbus

PM NEWS Editor

7 years ago

South African authorities have impounded an Airbus 220-300 aircraft leased by Air Tanzania, the national flag carrier.

Trump jacks up tariffs on China goods to 30%

PM NEWS Editor

7 years ago

US President Donald Trump has announced additional tariffs on $250 billion in Chinese goods, jacking up existing 25 percent duties…

Nigerian oil field sale triggers police raid on Brazil’s largest bank

PM NEWS Editor

7 years ago

Brazil's federal police on Friday raided the headquarters of Latin America's largest independent investment bank, Banco BTG Pactual SA ,…

US crude producers shut down 128 oil rigs

PM NEWS Editor

7 years ago

producers shut down 128 rigs [/caption] The US oil and gas rig count fell sharply on Friday, decreasing by 19…

US Stocks tumble after Trump’s tweetstorm

PM NEWS Editor

7 years ago

US Stocks tumbled on Friday after President Trump unleashed a flurry of tweets threatening to amplify the trade war in…

Accusing staff of extortion, US firm shuts down in Nigeria

PM NEWS Editor

7 years ago

Dynamics Intelligence, a company operating from Redmond, United States has shut its operations in Nigeria over what its chairman alleged…

Reckless: Trump accuses China of stealing trillions of dollars from US

PM NEWS Editor

7 years ago

In a tweetstorm, President Donald Trump escalated his war against China on Friday, accusing it of not just being an…

US Fed chair gives few clues in much awaited statement

PM NEWS Editor

7 years ago

The U.S. economy is in a “favourable place” and the Federal Reserve will “act as appropriate” to keep the current…

Brent crude price crosses $60 mark

PM NEWS Editor

7 years ago

Oil prices on Friday clawed back the previous day’s losses, with Brent nudging above $60 a barrel, as tighter supplies…

African LNG to attract $103 billion in 2019

Kazeem Ugbodaga

7 years ago

Africa is an exciting frontier in the global natural gas sector. The continent holds 7.1 percent of proven global gas…

Quantas tests 19-hour non-stop flights, first in aviation history

PM NEWS Editor

7 years ago

Australia's national carrier Qantas will begin to test flights for three ultra-long haul services that are set to become the…

Oil prices rise, still below Nigeria’s budget benchmark

PM NEWS Editor

7 years ago

Crude oil prices edged up on Tuesday on optimism U.S.-China trade tensions will ease and on hopes major economies will…

10 Dangers you must avoid when starting poultry business

Isa Isawade

7 years ago

Poultry business could be very lucrative and profitable if it is embarked upon with full information about the dos and…

NNPC announces new DSDP bid winners

Kazeem Ugbodaga

7 years ago

In line with its avowed commitment to transparency and accountability in all its activities as committed by the new Group…

NIMASA opens command centre for Deep Blue Project

PM NEWS Editor

7 years ago

The Command, Control, Computer Communication and information otherwise known as the C4i Centre of the Deep Blue Project has commenced…

Read Nigeria’s full statement on $9b UK judgment

PM NEWS Editor

7 years ago

Here is the full text of the statement issued Friday night by Mr. Dayo Apata, Nigeria's Solicitor-General , following a…

NSE: Market indicators dip further by 0.47%

Michael Adesina

7 years ago

Transactions on the floor of Nigerian Stock Exchange (NSE) declined profile on Friday with crucial market indicators dropping by 0.47…

Nigeria will appeal $9b judgment: Solicitor-general

PM NEWS Editor

7 years ago

Mr. Dayo Apata, the solicitor-general of the Federation has said that the Nigerian government will appeal against Friday’s judgment by…

UNCTAD Sec-general Kituyi writes on stagnating investment flows

PM NEWS Editor

7 years ago

International investment flows have been weak for a decade. Last year, global foreign direct investment fell again, by 13%, the…

China pumps $16b in Nigeria’s oil industry

PM NEWS Editor

7 years ago

The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested…

26 US shale oil firms file for bankruptcy

PM NEWS Editor

7 years ago

Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of…

Asian stocks fall as global recession fears deepen

PM NEWS Editor

7 years ago

Asian stocks stumbled and oil prices extended a punishing sell-off on Thursday as investors feared an historic drop in long-term…

NETNG Executive Editor/COO Jide Taiwo Resigns

Kazeem Ugbodaga

7 years ago

After nearly three years at NET, journalist and media executive, Jide Taiwo has left his role as Chief Operating Officer…

Ecobank engages new set of graduates in training

Kazeem Ugbodaga

7 years ago

In keeping with its talent development strategy, a new set of Graduate Trainees have commenced their entry level development programme…

Reports: US heads towards recession

PM NEWS Editor

7 years ago

The US could be headed for a recession soon as the market’s most closely watched part of the yield curve…

Kobo360 Nigerian e-freight startup raises $20m from Goldman Sachs

PM NEWS Editor

7 years ago

Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million…

Verve Global Card launches 1st International Transaction in New York

Kazeem Ugbodaga

7 years ago

Verve, a leading payments technology and card business in Africa, and Discover Global Network, the payments brand of Discover, has…

Edo’s 6,000 bp/d modular refinery set to begin operation

Kazeem Ugbodaga

7 years ago

The Edo Refinery and Petrochemicals Limited, says it will soon commence operation at its 6,000 barrels per day (bpd) modular…

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