Business

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…

Russian users sue Apple after payment service was withdrawn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…

$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…

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 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…

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…

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…

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…

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…

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 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…

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…

GTCO records marginal rise in PBT in Q1

PM NEWS Editor

4 years ago

Mr Segun Agbaje, the Group Chief Executive Officer, GTCO Plc said, the company’s first quarter results showed a decent improvement…

DMO receives 300 bids for FGN bonds

Nimot Sulaimon

4 years ago

The bonds were offered at N1, 000 per unit with a minimum subscription of N50 million, and in multiples of…

First Bank queried by House of Reps

PM NEWS Editor

4 years ago

The House also queried the First Bank management over allegation of breach of agreement on Cash on Transfer (CoT) charges…

Nigeria’s FastCash Celebrates 2m Personal Loans Worth 59bln

Ademola Adegbamigbe

4 years ago

Fast Cash the fastest-growing instant loan solution in Nigeria, is proud to announce its two millionth loan disbursement. All the…

Tesla falls amid Elon Musk-Twitter deal

PM NEWS Live

4 years ago

Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Musk declined to…

Russia cuts off gas supplies to Poland, Bulgaria

PM NEWS Editor

4 years ago

Poland and Bulgaria would be the first countries to have their gas cut off by Europe's main supplier since Moscow…

Shelter Afrique to invest N20bn in Lagos housing sector

Kazeem Ugbodaga

4 years ago

The firm said that it was poised to also help the state in tackling the housing challenge and the deficit…

Twitter employees uneasy about Elon Musk buyout

PM NEWS Editor

4 years ago

An informal poll of roughly 200 employees on Blind found that 27 percent hated Musk, 27 percent loved him, and…

Twitter CEO Agrawal to receive $42m windfall

PM NEWS Editor

4 years ago

Musk in a securities filing on April 14 had said he does not have confidence in Twitter's management.

Elon Musk, Twitter reach buyout deal: WSJ, Bloomberg

PM NEWS Editor

4 years ago

The Tesla CEO had offered more than $46 billion to buy the platform and pledged to be more lenient when…

Polaris Bank begins nationwide sensitization road show for non-oil exporters

Kazeem Ugbodaga

4 years ago

The CBN scheme, which is aimed at raising $200 billion in foreign exchange (FX) earnings from Non-Oil Proceeds over the…

Nigeria approves insolvency rules for companies

PM NEWS Editor

4 years ago

Mr Rasheed Mahe CAC’s Head of Media Unit said the approval was in line with the powers conferred on the…

EU sets new internet rulebook for Google, Meta, others

PM NEWS Live

4 years ago

The new rules ban targeted advertising aimed at children or based on sensitive data such as religion, gender, race and…

Dangote: My Lagos refinery will be ready before Buhari leaves office

PM NEWS Editor

4 years ago

The refinery is being built at a cost of $19 billion in Lagos and has been delayed by several years,…

Green Energy sends GMs, managers for MBA programmes in UK

Kazeem Ugbodaga

4 years ago

It said the company is currently sponsoring four General Managers to world-class MBA programmes at Warwick Business School (WBS), one…

Lafarge Africa grows net income to N90.6bn in Q1

PM NEWS Editor

4 years ago

Mr Khaled El Dokani, the Chief Executive Officer (CEO), Lafarge Africa, said that the company’s first quarter 2022 performance showed…

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