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Business

INEC

Reps to probe NPA, NIMASA, others over auctioning of govt properties

Ayorinde Oluokun

3 years ago

By Femi Ogunshola The House of Representatives has resolved to probe what it regards as illegal auctioning of the Federal…
Verve surpasses 50 million payment cards

Verve surpasses 50 million payment cards

Kazeem Ugbodaga

3 years ago

Verve now has over 50 million issued payment cards to date. This development comes barely a year after the scheme…

CASIO, SKLD host dealership conference to eradicate counterfeit calculators

Kazeem Ugbodaga

3 years ago

Among the notable contributions of CASIO, collaborations with the Lagos State Ministry of Education took center stage. Notably, CASIO donated…
Groups of Northern Students explain why they will not join in the planned nationwide protest against President Tinubu administration

Tinubu suspends 5% Telecoms Tax, defers Finance Act

Isa Isawade

3 years ago

"The Federal government sees business owners, local and foreign investors as critical engines in its focus on achieving higher GDP…
The President of AfDB) Akinwunmi Adesina laments takeover of many parts of Nigeria country by criminal elements amidst rising poverty

AfDB approves $7.88m grant for renewable energy

Nimot Sulaimon

3 years ago

By Lucy Ogalue The African Development Bank(AfDB) has approved a $7.88 million grant from the Sustainable Energy Fund for Africa…
Meta's 'friendly' Threads collides with unfriendly internet

Twitter: Kim Kardashian, Jennifer Lopez, millions join Threads app in 7 hours

Michael Adesina

3 years ago

"Let's do this. Welcome to Threads," Meta CEO Mark Zuckerberg wrote in his first post on the app, along with…
Tinubu meets Shell delegates in Abuja

The assurance President Tinubu gave investors in Abuja

Isa Isawade

3 years ago

Rone said that the president also directed them to prioritise the project expected to generate no fewer than 7,000 direct…
Tinubu meets Shell delegates in Abuja

TEXEM UK unveils transformational programmе for Nigerian leaders

Nimot Sulaimon

3 years ago

By Bashir Rabe Mani TEXEM UK, a renowned worldwide learning and development firm, has set its sights on preparing Nigerian…
Ecobank

Naira devaluation: Fitch places Ecobank rating on negative watch

Kazeem Ugbodaga

3 years ago

According to Fitch, in a statement, the RWN reflects the risk of the entities breaching their respective minimum capital requirements…
From left: Mr. Gboyega Balogun; his wife, Emma; Mr. Jide Balogun; Second Vice President, Chartered Institute of Stockbrokers (CIS), Mrs. Fiona Ahimie; President of CIS, Mr. Oluwole Adeosun; Mr. Bolaji Balogun; First Vice President, CIS, Mr. Oluropo Dada; Mr. Ladi Balogun and Registrar of CIS, Josiah Akerewusi, during a special Farewell Session organised in honour of late Otunba Subomi Balogun, Founder of FCMB Group, by the CIS in Lagos yesterday (July 3, 2023).

Otunba Subomi Balogun honoured by NGX and CIS

Ademola Adegbamigbe

3 years ago

The Nigerian Exchange Limited (NGX), in collaboration with the Chartered Institute of Stockbrokers (CIS) and other esteemed market stakeholders, came…
Naira

Naira posts big gain against Dollar at Exporters’ Window

Kazeem Ugbodaga

3 years ago

The Naira gained by 3.61 per cent when compared with N769.25 for which it exchanged for the dollar at the…
Tinubu meets Shell delegates in Abuja

Tinubu to investors: “We are ready for business, we are serious”

Kazeem Ugbodaga

3 years ago

Tinubu recalled that attracting fresh investment was "a promise I made personally to Nigerians. Whatever it takes, I will fulfil…
Nigeria’s inflation rate jumps to 33.2%

Nigeria’s inflation rate to hit 25%, says World Bank

Nimot Sulaimon

3 years ago

According to the June 2023 issue of the Nigeria Development Update, the bank predicted a considerable increase in 2023 to…
CBN to adopt proactive measures to halt Naira's free fall within days

What CBN should do on exploitative bank charges – Expert

Isa Isawade

3 years ago

The CBN warned that any financial institution that breached any of the provisions as contained in the guide will pay…
Naira

Naira crumbles further against Dollar at Exporters Window

Kazeem Ugbodaga

3 years ago

The Naira depreciated by 0.82 per cent when compared with N763 for which it exchanged for the dollar before the…
Mercedes-Benz

Mercedes recalls over 140,000 cars over pump defect

Nimot Sulaimon

3 years ago

Dealers would replace the fuel pump free of charge, the NHTSA said. A malfunction of the pump could increase the…

Eid-el Kabir: Make-up artists, hairdressers make brisk business

Isa Isawade

3 years ago

"Today, I have over 50 clients and the day is still young. I hope to have more before nightfall.”
Akinwale Thompson and his book

Nigerian-Canadian releases book to guide immigrants in Canada

PM NEWS Editor

3 years ago

With a focus on helping youth, new immigrants and practically anyone, Akinwale Thompson equips readers with the knowledge and tools…
Vice President Kashim Shettima sends message to his friends, others on how to celebrate his 57th birthday coming up on Saturday, 2 September

FG planning urgent introduction of single digit loans for MSMEs – Shettima

Kazeem Ugbodaga

3 years ago

Shettima said government remained committed to providing support, fostering an enabling environment, and improving access to finance for MSMEs, especially…
Musty Mustapha

Kuda launches awareness campaign to drive cashless payments in Nigeria

Kazeem Ugbodaga

3 years ago

According to the fintech’s co-founder and CTO, Musty Mustapha, the thematic campaign named 'Cash Is Hard. Kuda Is Easy' was…
betway

How to access your Betway account, and what to be aware of?

Ademola Adegbamigbe

3 years ago

There are different steps that people need to complete before they can start betting, and one of them is related…
crude oil

Nigeria no longer Africa’s highest crude oil producer – EIA

Nimot Sulaimon

3 years ago

According to data from the Organisation of Petroleum Exporting Countries, Angola produced 1.063 million barrels per day in April, while…

Engineers target electric car assembly plants in Nigeria

Isa Isawade

3 years ago

“We have also partnered and collaborated with Innoson Motors in terms of capacity-building training for automobile assembly in Nigeria, our…
EEDC

Our plan for customers in South East – EEDC Managing Director

Isa Isawade

3 years ago

“Customers who are paying their bills as at when due are helping EEDC to serve them better, but those who…
The Nigeria Customs Service (NCS) has dismissed reports that the Federal Government has lifted the ban on vehicle importation through the Seme border.

Ban on vehicle importation through Seme border not yet lifted – Customs

Ayorinde Oluokun

3 years ago

Seme border was among the four land borders reopened by Federal Government on Dec.16, 2020 by the then Minister of…
Dangote

Dangote donates health, educational facilities to communities in Kogi

Michael Adesina

3 years ago

The launched facilities are located in the host communities of Awo Akpali and Awo Ojuwo in Ankpa local government area.
DMO: We’ve raised N3.3trn from domestic markets to fund 2022 budget deficit

DMO: Tinubu’s policies will help Nigeria reduce borrowing, boost revenue

Ayorinde Oluokun

3 years ago

The DMO recently released the Market Access Country-Debt Sustainability Analysis (MAC-DSA) for 2022.
MAN warns that the planned 40 per cent hike in the electricity tariff will have negative consequences on the manufacturing sector,

Manufacturers warn against planned 40% hike in electricity tariff

Ayorinde Oluokun

3 years ago

According to MAN, a 40 per cent tariff increase at this time would engender higher costs of production, lower profit…
Cynthia Ikponmwosa, LAPO MD

LAPO Microfinance Bank increases staff salaries

Nimot Sulaimon

3 years ago

LAPO Microfinance Bank Limited was ranked in 2021 by StatiSense, as the 5th largest employer of labour in Nigeria with…
Khalifa Adebayo Alao Biobaku

UAC Nigeria appoints Adebayo Biobaku board vice chairman

PM NEWS Editor

3 years ago

Biobaku is a director in six other companies, such as Themis Capital Management, Director Am & P Advisory Services Ltd,…
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