Business

Oil prices soar to $139, with plans to boycott Russian oil

PM NEWS Editor

4 years ago

Bank of America analysts noted that if Russia's oil is cut off, the market could face a 5 million barrel…

TCN upgrades Egbin Transmission substation

PM NEWS Editor

4 years ago

“With the new 60MVA power transformer, the substation capacity to supply bulk electricity to Ikeja Electricity Distribution Company (IKEDC) has…

GTCO declares N221.5bn profit in 2021

Kazeem Ugbodaga

4 years ago

GTCO said the company’s balance sheet remained well structured and resilient with total assets and shareholders’ funds closing 2021 at…

Buhari handed 7-day ultimatum to probe trillions wasted on dead refineries

PM NEWS Editor

4 years ago

Successive governments have reportedly spent trillions of Naira to rehabilitate, operate and maintain the refineries that have produced little or…

UAE, Senegal, Morocco on grey list for money laundering

PM NEWS Editor

4 years ago

The other countries on the list are Albania, Barbados, Burkina Faso, Cambodia,Cayman Islands, Haiti, Jamaica, Jordan, Mali,Malta.

Beyond the Shores: Nigerians Making a Mark Worldwide

Taiwo Okanlawon

4 years ago

Kehinde Thomas grew up facing several challenges from losing his father at a young age of seven. This taught him…

JUST IN: Russian banks switch to China’s UnionPay after Visa, Mastercard snub

PM NEWS Editor

4 years ago

Announcements regarding the switch to UnionPay came on Sunday from Sberbank, Russia's biggest lender, as well as Alfa Bank and…

Visa, Mastercard suspend operations in Russia

PM NEWS Editor

4 years ago

Mastercard in a statement on Saturday cited the “unprecedented nature of the current conflict and the uncertain economic environment.”

Shell donates profit from Russian oil deal to Ukrainian refugees

PM NEWS Editor

4 years ago

Shell Oil purchased the oil at a significant discount, saying it had to in order to meet and satisfy purchase…

Paypal shuts down services in Russia

PM NEWS Live

4 years ago

Ukrainian government officials had been calling on PayPal to quit Russia and help them with fundraising.

Israel to resume flights to Dubai

PM NEWS Live

4 years ago

Israel's flag carrier El Al welcomed the resolution and said it would immediately return to operating up to three or…

NNPC announces N37.5bn trading surplus

Kazeem Ugbodaga

4 years ago

Details of the figures contained in the September 2021 NNPC Monthly Financial and Operations Report (MFOR) indicate that the rise…

Funmi Ademosun sent to Ikoyi prison for N26.6B fraud

PM NEWS Editor

4 years ago

The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, had, on Friday, January 21, 2022, arraigned Ademosun…

GOtv Nigeria excites new customers with Max discount offer

Kazeem Ugbodaga

4 years ago

Pay television service provider, GOtv Nigeria, has announced a new discount offer, MAX Enjoyment for Less, for new customers starting…

AMCON chases Ifeanyi Ubah to National Assembly over N135B debt

PM NEWS Editor

4 years ago

AMCON has dragged the senator and his company, Capital Oil and Gas Industries to court over a debt of N135…

We are supplying fuel, unscrupulous elements hoarding it: Oil minister Sylva

PM NEWS Editor

4 years ago

“From all the figures shown to me the supply is there. So why are they hoarding it? "In the next…

Japan to freeze assets of 4 more Russian banks

Nimot Sulaimon

4 years ago

Seven Russian banks are to be excluded from the SWIFT messaging system, the main system underpinning global financial transactions.

Volkswagen stops business with Russia

PM NEWS Live

4 years ago

Toyota on Thursday said it would suspend production at its St Petersburg plant from Friday due to supply chain disruptions,…

FCMB Trustees Introduces E-will

Ademola Adegbamigbe

4 years ago

As a major player in the Trustees business, FCMB Trustees Limited has launched e-Wills, an automated system that makes the…

World Banks halts all programmes in Russia, Belarus

PM NEWS Editor

4 years ago

Its reasons were the Russian invasion of Ukraine and "hostilities against the people of Ukraine."

Petrol scarcity: NNPC begins 24-hour loading of trucks at depots

PM NEWS Editor

4 years ago

The NNPC, Group Managing Director, Malam Mele Kyari, made this known to journalists in Abuja on Wednesday shortly after a…

Omokore denies buying cars, houses for Diezani, NNPC chiefs

PM NEWS Editor

4 years ago

Omokore, the first defendant spoke while giving evidence at the resumed hearing of the $1.6 billion fraudulent oil deal.

IMF, World Bank to support Ukraine

PM NEWS Live

4 years ago

The IMF is responding to Ukraine’s request for emergency financing through the Rapid Financing Instrument, which the IMF Board could…

Apple, Google, Boeing, ExxonMobil hit Russia

PM NEWS Editor

4 years ago

Tech firms including Alphabet Inc's Google dropped Russian state publishers from their news, and Ford Motor - with three joint…

Sanwo-Olu announces date for activation of Badagry Deep Seaport

Kazeem Ugbodaga

4 years ago

Sanwo-Olu gave the assurance during a stakeholders meeting and community engagement on Badagry Deep Seaport Project held at the Administrative…

Financing commercial vehicles purchase will boost employment: LSM

PM NEWS Live

4 years ago

Shittu, an experienced auto salesman, told journalists in Lagos recently that “If we believe in Nigeria, we must do away…

Google, Meta face penalties in Russia over reopening of local offices

PM NEWS Live

4 years ago

Russian legislation signed by President Vladimir Putin has obliged foreign social media companies with more than 500,000 daily users to…

Visa, Mastercard block Russian financial institutions

PM NEWS Live

4 years ago

On Saturday, the U.S., Britain, Europe and Canada announced new sanctions on Russia - including blocking certain lenders' access to…

Government’s support key to boosting e-commerce industry – Jumia Boss

Kazeem Ugbodaga

4 years ago

Anammah, while speaking on the growth of e-commerce in Africa, said government's support is essential to taking e-commerce to the…

Shell, HSBC join exit train out of Russia, rouble collapses

PM NEWS Editor

4 years ago

Russia's economy was already reeling on Monday. The rouble plunged to a record low, while the central bank doubled its…

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