Business Archives - P.M. News

Business

Nigeria’s Inflation climbs to 15.93% in May, food prices still bite

Kazeem Ugbodaga

13 hours ago

The May 2026 headline inflation rate of 15.93 per cent was substantially lower than the 26.06 per cent recorded in…

Global Rankings: Two Nigerian Ports ranked among top 20 in the world

Femi Fabunmi

15 hours ago

Nigeria’s ports have been ranked among the 20 most improved ports in the world, according to the World Bank’s 2025…

LSETF disburses ₦15bn loans to businesses, creates 320,000 jobs in 10 years

Kazeem Ugbodaga

15 hours ago

According to her, the agency has also helped preserve more than 173,000 jobs that could have been lost, while over…

Cost of living set to rise as IMF calls for new taxes in Nigeria

Femi Fabunmi

16 hours ago

It warned that rising global prices of fuel, food, and fertiliser could increase inflation and worsen living conditions for low-income…

Femi Otedola returns to school

Femi Fabunmi

2 days ago

According to Forbes, Otedola's net worth is estimated at more than $1.5 billion, making him one of Nigeria's wealthiest businessmen.

Nigeria’s richest men: The industries fueling their fortunes

Femi Fabunmi

2 days ago

Ultimately, the stories of Nigeria's wealthiest businessmen reveal a consistent pattern: identify opportunities in critical sectors, invest for the long…

Investors gain N1.38tn as NGX extends bullish run

Paul Dada

2 days ago

This is in contrast with a total of 3.966 billion shares valued at N175.659 billion that exchanged hands last week…

VAT collections jump 17% as Nigeria records ₦2.42 trillion in three months

Femi Fabunmi

2 days ago

Nigeria recorded a strong increase in Value Added Tax (VAT) collections in the first quarter of 2026, reflecting improved economic…

FCMB Group posts ₦202.1bn profit before tax for 2025, ₦87bn in Q1 2026

Kazeem Ugbodaga

3 days ago

For the 2025 financial year, the Group's profit before tax rose 81% year-on-year to ₦202.1 billion from ₦111.9 billion in…

NGX chairman seeks stronger Nigeria-UAE capital market partnership

Paul Dada

3 days ago

“Nigeria is preparing for the Dangote Refinery IPO, which is seen as a continental project,” he said.

Why many Nigerian SMEs appear busy but fail to scale – Damilola Adeniji

Michael Adesina

3 days ago

He urged SMEs to adopt structured digital systems and move away from fragmented business operations that limit scalability.

Levene Energies unveils new identity, adds new board members to drive next phase of growth

Michael Adesina

4 days ago

Levene Energy Holdings Limited has officially rebranded as Levene Energies Limited and appointed four new members to its Board as…

Nigeria exceeds OPEC quota as oil production hits 11-month high

Ayorinde Oluokun

4 days ago

The average crude oil production recorded during the month of May represents 102 per cent of Nigeria’s 1.5mbpd of production…

Cardoso receives Central Bank of the Year award

Ayorinde Oluokun

4 days ago

Cardoso also highlighted efforts to implement major reforms in the foreign exchange market, and to invest in critical digital and…

Production gains lift Nigeria above OPEC quota again

Femi Fabunmi

4 days ago

Nigeria's crude oil production increased to 1.53 million barrels per day (bpd) in May 2026, according to the latest report…

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