Business

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…

US hacker breaches 100m accounts at Capital One

PM NEWS Editor

7 years ago

United States bank Capital One said a hacker gained access to more than 100 million credit card applications earlier this…

Oil firm demands $9.8m from Emeka Offor’s Kaztec

PM NEWS Editor

7 years ago

Seawolf Oil Services Limited alongside its receiver/manager Mr Michael Igbokwe SAN has dragged Chief Emeka Offor's company Kaztec Engineering, limited…

N2b fraud: Kwara SMED Director, 6 Microfinance chiefs arrested

PM NEWS Editor

7 years ago

The Economic and Financial Crimes Commission, EFCC, Ilorin Zonal Office has arrested Segun Soewu, Director General, Kwara State Bureau of…

Buhari approves action committee for AfCFTA

PM NEWS Editor

7 years ago

President Muhammadu Buhari has approved establishment of a National Action Committee (NAC) for implementation of African Continental Free Trade Area…

CBN injects $284.2m, CNY36m into retail secondary market

Michael Adesina

7 years ago

The Central Bank of Nigeria (CBN) has injected 284.2 million dollars in the retail Secondary Market Intervention Sales (SMIS).

Trump lifts Venezuelan sanctions for Chevron, Halliburton

PM NEWS Editor

7 years ago

The Trump administration on Friday renewed Chevron Corp’s licence for three months to drill for oil in Venezuela despite sanctions.

ECA, NPA host workshop to discuss Uganda’s urban strategy

Kazeem Ugbodaga

7 years ago

The Economic Commission for Africa (ECA) and the National Planning Authority (NPA) of Uganda are next week hosting a two-day…

NAFDAC warns: Beware of the ‘Ponmo’ you buy

Kazeem Ugbodaga

7 years ago

The Management of the National Agency for Food and Drug Administration and Control (NAFDAC) has alerted the public, especially consumers…

MTN Nigeria posts 566.95bn revenue in six months

Kazeem Ugbodaga

7 years ago

MTN Nigeria Communications Plc on Friday released its unaudited result for the six months ended June 30 and announced an…

Google beats profit expectations, share value soars

PM NEWS Editor

7 years ago

Google shares rose about 8 percent in post-market trading after blowing past analyst expectations in Q2 and announcing a $25…

AMCON warns: 350 VIPs owing N5.5trillion pose grave risk to Nigeria

PM NEWS Editor

7 years ago

Nigeria is facing the risk of never recovering about 5.5 trillion naira ($15 billion) of bad loans from 350 Nigerian firms…

Ndukwe replaces Dozie as MTN chairman

PM NEWS Editor

7 years ago

MTN Nigeria has appointed Ernest Ndukwe, the former director-general of the Nigerian Communications Commission as chairman-designate in a board shake-up,…

Q2: U.S. top aircraft Boeing posts loss, may halt 737 Max production

Michael Adesina

7 years ago

U.S. top aircraft manufacturer Boeing Company has posted a loss of about 3 billion U.S. dollars in earnings for the…

NNPC seeks new sales contract with Indonesia’s Pertamina

PM NEWS Editor

7 years ago

The Nigerian National Petroleum Corporation (NNPC) plans to renew its contract for crude sales with Indonesia which expired last year,…

Malabu oil scandal: Witness says ENI CEO bribed him to change graft allegations

PM NEWS Editor

7 years ago

Hearing will continue in a Milan court tomorrow and 25 July in a corruption case involving Italian oil firm Eni…

Buhari engages Siemens to tackle power distribution bottleneck

PM NEWS Editor

7 years ago

Nigeria at the moment has an installed capacity of 13,000 megawatts. On average, it produces over 5,000 megawatts, out of…

Buhari: Siemens AG in Nigeria to modernise power distribution

PM NEWS Editor

7 years ago

Full text of the speech by President Muhammadu Buhari at a meeting in Abuja Monday with Mr Joe Kaeser, CEO/…

Asian markets tank, oil prices rise ahead of US rate cut

PM NEWS Editor

7 years ago

Asian markets were in retreat Monday on dimming hopes for a deep interest rate cut by the US Federal Reserve,…

TCN suspends KEDCO from electricity market

PM NEWS Editor

7 years ago

The management of Transmission Company of Nigeria (TCN), says it has issued suspension and disconnection orders to Kano Electricity Distribution…

NNPC records N6.33bn trade surplus in May

Kazeem Ugbodaga

7 years ago

The Nigerian National Petroleum Corporation (NNPC) said it recorded a trade surplus of N6.33 billion for the month of May,…

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