Business

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,…

NNPC sells $6b crude in one year, records N6.33b surplus for May

PM NEWS Editor

7 years ago

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N6.33 billon for the month of May 2019…

Terror scare: British Airways cancels flights to Cairo

PM NEWS Editor

7 years ago

British Airways suddenly cancelled all flights to Cairo today amid security concerns.

Zenith Bank unveils “Style by Zenith 2.0’’

Isa Isawade

7 years ago

Zenith Bank Plc has launched “Style by Zenith 2.0’’, the second edition of its flagship lifestyle fair dedicated to intentionally…

Ex-Nissan chief Carlos Ghosn sues Nissan, Mitsubushi

PM NEWS Editor

7 years ago

Carlos Ghosn, former NISSAN chairman, currently under house arrest in Tokyo, is suing Nissan and Mitsubishi in a Dutch court…

Photos: Ronaldo models his own branded underwear

PM NEWS Editor

7 years ago

Cristiano Ronaldo has launched his new CR7 underwear line -- and shocking he is at the centre of it all,…

Nigeria loses N6 trillion to Apapa gridlock: OPS

PM NEWS Editor

7 years ago

The Organised Private Sector (OPS) said Nigeria had lost about N6 trillion across the different sectors due to the Apapa…

Christine Largarde formally bows out of IMF

PM NEWS Editor

7 years ago

The International Monetary Fund has now formally accepted the resignation of its managing director, Christine Lagarde, who has been appointed…

Flight operations back to normal: Dana Air

PM NEWS Editor

7 years ago

Nigerian carrier Dana Air says it has resumed scheduled flight operations following a minor fault developed by one its aircraft…

MRS, Vitol, Oando, AYM Shafa win NNPC crude-for-fuel contracts

PM NEWS Editor

7 years ago

The NNPC has reportedly issued award letters for highly sought-after contracts to exchange crude oil for imported fuel, with some…

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