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Business

Some of Nigeria's domestic airlines

Nigerian airlines set to ground flights from Monday

PM NEWS Editor

4 years ago

The airlines said no airline in the world can absorb the astronomical hike in the fuel cost, which has increased…
Governor Sanwo-Olu at the market conference of NDIGBOAMAKA PROGRESSIVE (MARKETS) ASSOCIATION

Lagos to begin Badagry seaport: Sanwo-Olu

PM NEWS Editor

4 years ago

He made the disclosure in Lagos at the All Markets Conference 2022 (AMC’22), organised by the Ndigboamaka Progressive (Markets) Association,…
Naira strengthens further at official FX market

Naira loses ground to US dollar

PM NEWS Editor

4 years ago

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled…
Naira

Naira crashes to dollar again

Kazeem Ugbodaga

4 years ago

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled…
Lai Mohammed, second right during his visit to the Lekki Deep Sea port

Lekki Deep Sea port will spin $201B revenue, 170K jobs

PM NEWS Editor

4 years ago

The Lekki Deep Sea Port, which is being constructed by China Harbour Engineering Company Ltd. (CHEC), is being built at…
OPEC

OPEC raises Nigeria’s oil production quota for June

Ayorinde Oluokun

4 years ago

OPEC took the decision at its 28th OPEC and non-OPEC Ministerial Meeting despite Nigeria missing its approved target for April…

Binance gets regulatory nod in France

PM NEWS Live

4 years ago

Originally founded in China, Binance has largely pulled out of the country following Beijing’s sweeping crypto ban.
Gucci

Gucci now accepts crypto payments

PM NEWS Live

4 years ago

Gucci generated more than half of Kering’s revenue in the first quarter of this year. The fashion house has recently…
Binance

Binance commits $500m to finance Musk’s Twitter takeover

PM NEWS Live

4 years ago

Binance is one of 18 co-investors in the acquisition alongside major crypto industry players like Sequoia Capital Fund and Fidelity…

E-commerce adoption in Northern Nigeria

Kazeem Ugbodaga

4 years ago

Individuals, households, small enterprises, and huge corporations are increasingly turning to the internet for a variety of transactions.
Executive Secretary Nigerian Shippers Council, Mr. Emma Jime; Chief Operating Officer of the Lekki Deep Seaport, Mr. Lawrence Smith; Minister of Information and Culture, Alhaji Lai Mohammed and the Managing Director, Lekki Deep Seaport, Mr. Du Ruogang, when the minister visited the seaport in Lekki, Lagos, on Wednesday.

Lekki deep seaport to create 170,000 jobs – Minister

Ayorinde Oluokun

4 years ago

By Uchenna Eletuo The Minister of Information and Culture, Alhaji Lai Mohammed, on Wednesday said that, the Lekki deep seaport…
Wigwe

Access Bank lifts many staff as it changes to Access Holdings Plc, Corporation

PM NEWS Editor

4 years ago

On 16 April, in a notice to shareholders, managing director of Access Bank Plc said the bank would become a…
ASPEN Covid-19 vaccine plant

South Africa’s COVID-19 vaccine plant may shut down

PM NEWS Editor

4 years ago

Aspen Pharmacare negotiated a licensing deal in November to package and sell Johnson & Johnson's COVID-19 vaccine and distribute it…
Ecobank

Workers’ Day: Ecobank Nigeria to host Webinar on investment opportunities

Kazeem Ugbodaga

4 years ago

Speaking ahead of the event, Korede Demola-Adeniyi, Head, Consumer Banking, Ecobank Nigeria, said the webinar will focus essentially on the…
Honeywell Flour Mills Plc (HFMP) and Flour Mills of Nigeria Plc (FMN)

Flour Mills acquires 76% stake in Honeywell

PM NEWS Live

4 years ago

The acquisition has been approved by all relevant regulators, including the Federal Competition and Consumer Protection Commission (FCCPC), Nigerian Exchange…
ExxonMobil

ExxonMobil triples share buybacks to US$30B

PM NEWS Live

4 years ago

The company's adjusted earnings per share came to $2.07, short of the Refinitiv consensus for $2.12 a share, while revenue…
Twitter

Twitter CEO Agrawal quells employees’ anger over Elon Musk

PM NEWS Live

4 years ago

Agrawal is estimated to receive $42 million if he were terminated within 12 months of a change in control at…
Apple loses $200 billion in valuation

Russian users sue Apple after payment service was withdrawn

PM NEWS Live

4 years ago

The law firm said Apple's decision to halt Apple Pay services in Russia had reduced the functionality of its devices…

20 Pension Fund Administrators meet N5B minimum capital base

PM NEWS Editor

4 years ago

PenCom explained that 10 PFAs met the new regulatory capital requirement of N5 billion as at Dec. 31, 2021, while…

Ramadan: Gasvine Offers 30 Per Cent Slash on Properties

Ademola Adegbamigbe

4 years ago

Gasvine Properties, a real estate company in Nigeria, has a special offer for the Ramadan period. This is, a 30…
U.S. SEC says it was suing Elon Musk over his ownership of more than 5 per cent of Twitter stakes ahead of taking over the company in 2022.

$44 billion Twitter deal: Sources reveal what Elon Musk told banks

Michael Adesina

4 years ago

Reuters/NAN Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he…
Nigerian Exchange Group

Seplat, Cadbury, 28 other stocks boost NGX by N143B

PM NEWS Editor

4 years ago

Cadbury and Multiverse led the gainers’ chart in percentage terms by 10 per cent to close at N9.35 and 22k…
Seplat management executives at an AGM

Seplat announces near 200% growth in PBT in Q1, declares dividends

PM NEWS Editor

4 years ago

Mr. Roger Brown, Chief Executive Officer, Seplat Energy Plc, said: “Seplat Energy delivered a good quarter that benefited from higher…
L-R: Junior Kwebiiha, Head of Strategic Marketing, ENGIE Energy Access; ‘Muyiwa Kolawole, Head of Customer Experience, ENGIE Energy Access Nigeria; Gillian-Alexandre Huart, Chief Executive Officer of ENGIE Energy Access and Ayisola Iroche, Head of Branding and Communications, ENGIE Energy Access, at the launch of ENGIE Energy Access new experience centre in Gwagwalada area of Abuja.

MySol Nigeria celebrates impacting 300,000 lives

PM NEWS Live

4 years ago

With 36 MySol experience centres and point of sales outlets spread across Nigeria, MySol has the coverage to be close…
Not fewer than 31,000 companies in Europe have Russian owners, according to a recent report by the European Commission.

EU to suspend all duties on imports from Ukraine

Nimot Sulaimon

4 years ago

The proposal envisages the suspension for one year of all EU anti-dumping and safeguard measures in place on Ukrainian steel…
U.S. tech billionaire, Elon Musk, says one of the mistakes by DOGE in recent weeks is cutting funding for Ebola virus prevention efforts.

Elon Musk floors Tesla shareholders in court

Michael Adesina

4 years ago

Tesla boss Elon Musk has prevailed in a legal dispute with shareholders over the controversial takeover of the loss-making green…
File: ICRC's Michael Ohiani with Minister of Transport Rotimi Amaechi

Badagry deep seaport to generate $2.6 billion

PM NEWS Editor

4 years ago

Mr Micheal Ohiani, the Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), said this when he led a team to visit…
Bitcoin

CAR adopts Bitcoin as official currency, first in Africa

PM NEWS Editor

4 years ago

A bill governing the use of cryptocurrency was adopted unanimously by parliament last week, said a statement signed by Obed…
GTCO to raise N400.5bn capital through public offer

GTCO hits N54.3bn profit before tax in 2022 first quarter 

Kazeem Ugbodaga

4 years ago

The group, in a statement on Wednesday in Lagos, said the figure represents an increase of 1.1 per cent over…
Nigerian Presidency faults claim of AfDB President Akinwumi Adesina on the current Nigeria's GDP per capita versus the level it was in 1960

Why AfDB is mobilising $540m for Nigeria 

Kazeem Ugbodaga

4 years ago

Dr Akinwumi Adesina, President of the Bank and a former Minister of Agriculture, disclosed this while briefing President Muhammadu Buhari…
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