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Business

NEITI

FG recovered N2.6trn revenue from oil coys – NEITI

Ayorinde Oluokun

4 years ago

NEITI said a total of 2.6 billion dollars remained outstanding in the hands of companies as at March 2022.
NEITI

Nigeria recovers N2.6 trillion from oil firms, says NEITI

PM NEWS Editor

4 years ago

NEITI said a total of $2.6 billion remained outstanding in the hands of companies as at March 2022.
Crude oil field

Crude oil production: Angola, Libya overtake Nigeria

Ayorinde Oluokun

4 years ago

Nigeria’s crude oil production for the month of August averaged 1.100 million barrels per day.
Segun Kuteyi: appointed Managing Director China Business Unit of American oil giant, Chevron.

Nigerian Segun Kuteyi appointed CEO of Chevron’s China Business Unit

Ayorinde Oluokun

4 years ago

Kuteyi is going to China from Houston, Texas, where he was part of the Chevron Pipeline and Power team.
Dangote

Dangote sends important message to Nigerians

Ademola Adegbamigbe

4 years ago

In a renewed effort to rid the Dangote Group of unscrupulous drivers who engaged in illegal haulage activities and others…

CFM ‘Seeds for the Future’ programme achieves first-year target, raises optimism

Kazeem Ugbodaga

4 years ago

CFM seeks to address these challenges through the Seeds for the Future initiative, its signature N300 million wheat value chain…
Naira

Naira loses slightly against Dollar

Nimot Sulaimon

4 years ago

An exchange rate of N437 to the dollar was the highest rate recorded within the day’s trading before it settled…
DBN

DBN offers free entrepreneurship training to MSMEs

PM NEWS Live

4 years ago

By the end of the online training session on 23rd September, 200 businesses would be selected for a physical session…
Dr Akinwumi Adesina AfDB President.

AfDB issues €1.25bn benchmark social bond due Sept. 2029

Kazeem Ugbodaga

4 years ago

It said the AfDB’s mandate for a new seven-year EUR-denominated Global SEC-Exempt Benchmark was announced on Sept. 6, at 13:00…
Businesses decline in Calabar over poor power supply

Businesses suffer as Calabar stays 7 days without power supply

Ayorinde Oluokun

4 years ago

The situation was due to a fire that occurred on Sept. 3, at the 132/33 KV Substation in Adiabo, Calabar.
Bitcoin

How Cryptocurrency could change the Gaming Industry

PM NEWS Live

4 years ago

However, one area where the gaming industry has been slow to change: is how gamers pay for their games. For…
Interswitch

ProvidusBank, Interswitch, others launch contactless Tap-to-Pay transactions in Nigeria

PM NEWS Live

4 years ago

The service allows cardholders to make fast, secure, and convenient in-store payments by tapping their NFC-enabled smart device at any…
GTCO

GTCO hits N103.2bn profit before tax in first half of 2022

Kazeem Ugbodaga

4 years ago

The Group reported profit before tax of ₦103.2billion, representing an increase of 11.0% over ₦93.1billion recorded in the corresponding period…
Bitcoin

Why Bitcoin Could Be the Future of Energy Grid

PM NEWS Live

4 years ago

Bitcoin's energy consumption is a rounding error compared to global energy consumption. Scientists who generate global energy usage estimates can…
Best place to sell Bitcoin in Nigeria

Why Bitcoin Price Will Eventually Surge

PM NEWS Live

4 years ago

Bitcoin has had a tragic six months, but experts believe it will reach $100,000 sooner or later. Since its inception,…
Shell agrees to pay 15 million Euros to farmers in Ogoni community of Nigeria's oil rich Niger Delta as compensation for pipe leakages

Shell investigating Bayelsa oil spill – Official

Nimot Sulaimon

4 years ago

The people of the Peremabiri community lamented the adverse impact of the spill and the alleged insensitivity and neglect by…
How to spot Ponzi scheme trap

Warning! How to spot Ponzi scheme trap

Ademola Adegbamigbe

4 years ago

Mr Lamido Yuguda, the Director General, Securities and Exchange Commission (SEC) recently spoke at the Second quarter (Q2) virtual post…
Contrary to recent reports, the Nigerian government on Friday insists it has not suspended plans to remove petroleum subsidy by June, 2023

FG hits N600bn VAT in second quarter of 2022 – NBS

Kazeem Ugbodaga

4 years ago

According to the report, this shows a growth rate of 1.96 per cent on a quarter-on-quarter basis from N588.59 billion…
Nordstream gas pipeline

Russia delays gas supply to Europe

PM NEWS Editor

4 years ago

Nord Stream 1, which runs under the Baltic Sea, had been due to resume operating at 0100 GMT on Saturday…
Investors lose N1.14trn as NGX reacts to MPC decision

NGX extends bullish run, gains N85bn

Nimot Sulaimon

4 years ago

The upturn was due to gains recorded in large and medium-capitalised stocks, amongst which are Zenith Bank, Stanbic Bank, Nigerian…
Busha workers

Nigerian startup, Busha empowering women in tech to curtail gender disparity

Michael Adesina

4 years ago

The tech industry in Nigeria has seen a boom of women going into tech and Busha, one of Nigeria’s leading…
Emirates announces it will resume flight services to Nigeria from 1 October 2024 with a daily service between Lagos and Dubai.

Emirates restores Lagos-Dubai flight operations

Nimot Sulaimon

4 years ago

This comes after the Federal Government of Nigeria said it had released over $265 million to the airlines to enable…
Niger Delta group hails military onslaught against oil thieves

Churches, mosques involved in Nigeria’s oil theft

PM NEWS Editor

4 years ago

He said so far, the NNPC, in conjunction with security agencies, had destroyed 959 metal tanks for storage purposes, 737…
Titan Trust - Union Bank

Fidelity acquisition: Union Bank UK not part of Titan Trust’s deal with Union Bank Nigeria

Kazeem Ugbodaga

4 years ago

Fidelity Bank had on Tuesday, announced its proposed acquisition of Union Bank UK, a former subsidiary of Union Bank of…
Government Ekpemupolo, aka Tompolo, Chairman, Tantita Security Services Nig. Ltd (TSSNL), alleges sabotage in fight against crude oil theft

NNPCL defends award of pipeline surveillance contract to Tompolo

Ayorinde Oluokun

4 years ago

NNPCL said end-to-end pipeline surveillance would require the involvement of private entities and community stakeholders in addition to the use…

Australia threatens to fine Apple, Meta, Microsoft

Nimot Sulaimon

4 years ago

Internet firms have been under pressure around the world to find a way to monitor encrypted messaging and streaming services…
Dangote Sugar Refinery

Dangote Sugar to employ 30,000 youths in Nasarawa

Ademola Adegbamigbe

4 years ago

President of Dangote Group, Aliko Dangote explained recently in a chat with newsmen that he was embarking on Phase II…
Fayemi reacts to claims of closed-door meeting with Kwankwaso

Fayemi approves livestock farm for Ekiti Diaspora Forum

Nimot Sulaimon

4 years ago

The governor also approved the setting up of a Special Purpose Vehicle (SPV), known as EkitiKete Livestock Development Company Limited,…
Demilade Oresanya

ENGIE Energy Access elevates Oresanya to Global Marketing Manager

Kazeem Ugbodaga

4 years ago

Prior to this role, Oresanya was Head of Marketing and Communications at ENGIE Energy Access Nigeria where he led the…
Contrary to recent reports, the Nigerian government on Friday insists it has not suspended plans to remove petroleum subsidy by June, 2023

FG to borrow N11.3trn to fund 2023 budget

Kazeem Ugbodaga

4 years ago

Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, made the declaration in Abuja on Monday when she said…
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