Business

Bad news: US shale oil runs Nigeria’s crude out of market

PM NEWS Editor

7 years ago

Nigerian crude has suffered its slowest sales of the year in August, traders said, as U.S. exports of competing light,…

Uber shares tumble after heavy loss

PM NEWS Editor

7 years ago

Uber shares tumbled Thursday after the leading ride-share company reported its loss eclipsed Wall Street expectations in the recently ended…

Trump opposes strong dollar

PM NEWS Editor

7 years ago

The U.S. dollar is too strong and is hurting exports, President Donald Trump said on Thursday, attacking the Federal Reserve…

China hits American farmers in the jugular, many lament

PM NEWS Editor

7 years ago

China's announcement this week that it will cease importing agricultural products from the United States has sent shock waves through…

Addis Ababa, Accra, Lagos top cities with most expensive hotel accommodation

Kazeem Ugbodaga

7 years ago

Addis Ababa, Ethiopia, posted Africa’s highest Average Daily Rate (ADR), according to the most recent 12-month data from STR. The…

EFCC jails ex-bank CEO over loan fraud

PM NEWS Editor

7 years ago

Adetunji Abudu, a former Managing Director, New Prudential Mortgage Bank Limited was today sentence to two years imprisonment for N195m…

Rising demand in Nigeria boosts Coca Cola sales

PM NEWS Editor

7 years ago

Swiss-based soft drink bottler Coca Cola HBC AG reported a rise in first-half net sales on Thursday, driven by greater…

Nigeria’s economy not in trouble: Buhari’s aide educates PDP

PM NEWS Editor

7 years ago

A presidential spokesman, Malam Garba Shehu, has described as untrue the Peoples Democratic Party’s claim that the Nigerian economy is…

TCN slams KEDCO with suspension No.2

PM NEWS Editor

7 years ago

The Transmission Company of Nigeria (TCN) says it has issued a second suspension order to Kano Distribution Company (KEDCO) .

Magu vows to help AMCON recover N5trillion loans

PM NEWS Editor

7 years ago

The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has vowed to assist the Asset Management…

Tu Face now NSE ‘Good cause ambassador’

PM NEWS Editor

7 years ago

The Nigerian Stock Exchange (NSE) on Tuesday appointed International Award-Winning artist, Innocent Idibia’ popularly known as `Tuface or 2Baba` as…

China rejects currency manipulator label

PM NEWS Editor

7 years ago

China has outrightly rejected a U.S. decision to label it a currency manipulator, its central bank said on Tuesday.

Keystone Bank appoints new Executive Directors

Kazeem Ugbodaga

7 years ago

The Board of Directors of Keystone Bank Limited has announced the appointment of three new Executive Directors.

US stocks lose $766billion in hours, worst this year

PM NEWS Editor

7 years ago

About $766 billion dollars was wiped out from the market value of US stocks on Monday as the fall in…

Just IN: US labels China currency manipulator as trade war deepens

PM NEWS Editor

7 years ago

The US Treasury Department on Monday labelled China a currency manipulator, escalating the U.S.-China trade war with a significant rebuke…

US stocks tumble, worst in 2019

PM NEWS Editor

7 years ago

US Wall Street’s major indexes tumbled on Monday, with the benchmark S&P 500 dropping about 3%, as a fall in…

FG sells 2-3 year saving bonds at irresistible interest rates

PM NEWS Editor

7 years ago

The Federal Government on Monday offered for subscription two-year savings bond at 10.301 per cent and three-year savings bond at…

Flint CEO of HSBC departs

PM NEWS Editor

7 years ago

HSBC on Monday said its Group Chief Executive John Flint had stepped down as the bank braces for geopolitical uncertainties.

NGC stays in Niger Delta, says NNPC spokesman

PM NEWS Editor

7 years ago

The Nigerian National Petroleum Corporation (NNPC) has for the umpteenth time assured stakeholders in Delta State and the Niger Delta…

Etihad Airways deploys Boeing Dreamliner on Lagos route

PM NEWS Editor

7 years ago

Etihad Airways, United Arab Emirates national carrier has launched one of its Boeing 787-9 Dreamliners on the Nigerian route from…

EU backs Georgieva as IMF’s new MD

PM NEWS Editor

7 years ago

EU ministers on Friday chose the Bulgarian number two of the World Bank Kristalina Georgieva as the bloc's candidate to…

China vows tit-for-tat tariffs against US products

PM NEWS Editor

7 years ago

The Chinese authorities have announced that they will take countermeasures if the United States goes ahead with the introduction of…

7 oil thieves jailed, vessel seized

PM NEWS Editor

7 years ago

Justice A. T Mohammed of the Federal High Court sitting in Port Harcourt, Rivers State has sentenced seven oil thieves…

Trump crashes oil prices, Brent down to $61

PM NEWS Editor

7 years ago

Oil prices were the immediate casualties of the escalated tariff war declared on Thursday against China by US President Donald…

Trump escalates tariff war with China, targets $550b goods

PM NEWS Editor

7 years ago

President Donald Trump said the US would hit China with tariffs on roughly $300 billion worth of its products while…

EcobankPay Hits N1 billion in Transactions Value

Kazeem Ugbodaga

7 years ago

EcobankPay, the lifestyle digital payments and collections service of Ecobank Nigeria has recorded a cumulative transaction value of over N1…

Huawei’s profit soars despite Trump ban

PM NEWS Editor

7 years ago

Huawei has announced a 23.2 percent growth in revenue in the first half year, despite the hostile moves by President…

Samsung profit slumps

PM NEWS Editor

7 years ago

Samsung Electronics, the world's biggest smartphone and memory chip maker on Wednesday reported second-quarter net profits slumping by more than…

Nigeria equities return to negative territory, lose N63bn

Michael Adesina

7 years ago

Trading on the nation’s bourse returned to negative territory on Tuesday with crucial market indices dropping by 0.46 percent following…

Photos: China’s Sinopec ships world’s largest atmospheric tower to Dangote Refinery

PM NEWS Editor

7 years ago

China Petrochemical Corporation (Sinopec Group) has disclosed that it is shipping to Dangote Refinery in Lekki Lagos, the world's largest…

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