Business

Malabu: Nigeria in Milan court demands $1.1 billion from Shell, ENI

PM NEWS Editor

6 years ago

Nigeria has demanded an upfront payment of $1.092 billion from Royal Dutch Shell and Italian oil giant ENI in damages…

Lloyds Bank sacks 865 workers

PM NEWS Editor

6 years ago

Lloyds Bank in UK is shedding 865 jobs, as it resumes cost-cutting measures as COVID-19 pandemic hits bottom line.

Bad news for Nigeria as crude oil prices crash

PM NEWS Editor

6 years ago

More crushing news for Nigeria comes from the oil market as Brent crude price drops below $40 a barrel for…

Samitheo MD, Samuel Folusho speaks on pros and cons of real estate

Kazeem Ugbodaga

6 years ago

The Managing Director and Chief Executive Officer of Samitheo Network Company, Samuel Folusho in a recent interview speaks on some…

Court Papers: Etete’s Malabu Oil cornered $401.5m property of Nigeria

PM NEWS Editor

6 years ago

By Taiye Agbaje The Economic and Financial Crimes Commission (EFCC), on Tuesday, re-arraigned Malabu Oil and Gas Limited on a…

It’s regrettable, no going back on fuel, electricity tariff hike – Buhari

Kazeem Ugbodaga

6 years ago

Nigeria's President, Muhammadu Buhari on Monday said there is no going back on fuel and electricity tariff hike in the…

Union Bank reacts to closure of its Lokoja branch by Kogi Internal Revenue Service

Ademola Adegbamigbe

6 years ago

Union Bank Nigeria Limited has said it would respond to the closure of its Lokoja Branch by the Kogi State…

Naira loses ground against Dollar

PM NEWS Editor

6 years ago

The Nigerian Naira depreciated against the US dollar in the parallel market on Monday in contrast to the massive gains…

Ecobank announces new date for ‘Africa Trade Conference 2020’

Kazeem Ugbodaga

6 years ago

Ecobank Nigeria, a member of the pan African banking Group has concluded plans to host its first Regional Trade Conference.

LASACO to hold AGM on September 15

Taiwo Okanlawon

6 years ago

LASACO Assurance PLC, one of the leading insurance underwriters in the country, will, on Tuesday, 15th September 2020, hold its…

P&ID fraud: How $301m exchanged hands among govt officials – Malami

Kazeem Ugbodaga

6 years ago

Attorney General and Minister of Justice, Abubakar Malami has revealed how $301 million were used in bribing Nigerian government officials…

CBN reiterates commitment to MSMEs, as AUDA-NEPAD partners Ecobank

Kazeem Ugbodaga

6 years ago

The Director, Development Finance, Central Bank of Nigeria (CBN), Yusuf Philip Yila, has said the apex bank had put in…

APICORP posts USD54.8 million net profit in first half of 2020

Kazeem Ugbodaga

6 years ago

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced its half-year results for the six months ended…

CBN seizes accounts of Baba Ijebu’s Premier Lotto, 37 others

PM NEWS Editor

6 years ago

The Central Bank of Nigeria has ordered banks to freeze the accounts of 38 Nigerian companies, including Premier Lotto, owned…

Photos: Lagos Airport comes alive as international flight operations resume

Kazeem Ugbodaga

6 years ago

The Murtala Muhammed International Airport, Lagos, Southwest Nigeria has come alive as international flight operations resume today.

Ogun lawmakers okay Abiodun’s request to access N2.5bn CBN Fund

Kazeem Ugbodaga

6 years ago

Lawmakers in Ogun State House of Assembly have approved the request of the State Governor, Prince Dapo Abiodun seeking the…

Emirates set to resume flight to Lagos, Abuja

Muhamin Olowoporoku

6 years ago

Emirates has announced that passengers’ service to Lagos and Abuja would resume September 7 and 9 respectively

China mulls dumping US treasury bonds

PM NEWS Editor

6 years ago

China may gradually cut its $1.074 trillion holdings of U.S. Treasury bonds and notes, Chinese newspaper Global Times reported, quoting…

NNPC obtains US$1B to fund Upstream Operations of NPDC

Ademola Adegbamigbe

6 years ago

The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of approximately US$1b to support the upstream operations of…

RwandAir, Air France, KLM, Etihad, Lufthansa barred from Nigeria(Full Lists)

PM NEWS Editor

6 years ago

International flights will start arriving in Nigeria from 5 September, the Minister of Aviation, Sen. Hadi Sirika, said on Thursday.…

Relaxation of curfew: Night clubs, cinemas, bars remain closed – LASG

Kazeem Ugbodaga

6 years ago

The Lagos State Government on Thursday said it has not lifted the restrictions on opening of bars, restaurants, night clubs,…

Boscoinex launches super simple trading platform

PM NEWS Live

6 years ago

Boscoinexbtc, an Ogun State based digital currency trading company and one of the fast-rising BTC exchange platform with high credibility,…

Atiku to Buhari: Hike in electricity tariffs ill-timed, I reject it

Kazeem Ugbodaga

6 years ago

Former Vice President, Atiku Abubakar has rejected the hike in electricity tariffs by the government of President Muhammadu Buhari.

UBA Plc loses executive director Emeke Iweriebor, Elumelu mourns

PM NEWS Editor

6 years ago

Emeke Iweriebor, a group executive director in pan-African UBA Plc, has died. He died on Sunday at 51 after an…

Lagos to establish Coconut Processing Factory in Badagry

Kazeem Ugbodaga

6 years ago

The Lagos State Government has said it will establish a coconut processing factory in Badagry to further optimize the use…

NIDCOM felicitates Ukwani, Nigerian appointed in Bank of Kigali

Muhamin Olowoporoku

6 years ago

Obinna Ukwuani, a Nigerian recently appointed as the Chief Digital Officer at the Bank of Kigali has earned the praises…

UBA releases half year audited account, paying 17K interim dividend

PM NEWS Editor

6 years ago

Gross earnings for United Bank for Africa grew to N300.6 billion in the first half of this year despite the…

Petrol price shoots up to N162 per litre, PPPRA mum

PM NEWS Editor

6 years ago

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has set a pump price of N162 for petrol in the south…

Petrol depot price now N151.56/litre – NNPC

Taiwo Okanlawon

6 years ago

The ex-depot price of Premium Motor Spirit, also known as petrol, has been increased from N138.62 per litre to N151.56…

Nigeria approves $3b automation of Nigeria Customs Service, to be handled by private firm

PM NEWS Editor

6 years ago

Nigeria's Federal Executive Council (FEC) has approved $3.1 billion for the automation of the Nigeria Customs Service (NCS).

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