Business

JUST IN: Nigeria’s GDP shrinks by 6.10 percent in second quarter

Kazeem Ugbodaga

6 years ago

Nigeria's Gross Domestic Product, GDP, has shrunk by 6.10 percent in real terms in the second quarter of 2020.

Polaris Bank CEO, Tokunbo Abiru retires

Taiwo Okanlawon

6 years ago

Tokunbo Abiru has retired as the Group Managing Director and Chief Executive Officer of Polaris Bank Limited, Nigeria.

Economic War: Building New African Nation using private sectors’ power

PM NEWS Live

6 years ago

The governments have tried their best but failed and now, it is time for Africans to ignore the governments and…

NNPC earns $378.42m from crude oil & gas export in June

Michael Adesina

6 years ago

The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export earnings of $378.42 million in…

Adesina sends message to AfDB stakeholders ahead of virtual AGM

PM NEWS Editor

6 years ago

The President African Development Bank (AfDB), Dr Akinwumi Adesina said the 2020 Annual General Meeting (AGM) of the bank will…

Lagos begins construction of drainage at Ikorodu Fish Farm Estate

Kazeem Ugbodaga

6 years ago

Lagos State Government has begun the construction of a one-kilometre drainage system within the premises of the Ikorodu Fish Farm…

TikTok parent ByteDance sues Trump government

PM NEWS Editor

6 years ago

ByteDance, owner of the popular video platform TikTok, announced on Sunday that it will file a lawsuit against the U.S.…

NAMA expands regional flight routes

PM NEWS Editor

6 years ago

As part of plans to resume international flight operations in the country, the Nigerian Airspace Management Agency (NAMA) has created…

Chevron dialogues with NUPENG over sacked 175 workers

PM NEWS Editor

6 years ago

The management of Chevron Nigeria Limited (CNL) said it has engaged the leaders of the Nigerian Union of Petroleum and…

Ecobank launches Virtual Card for online payments

Kazeem Ugbodaga

6 years ago

Ecobank has launched the virtual card, a digital payment solution for safe online payments, integrated into its digital banking channel,…

Air Peace commends reciprocity move in airlines operation

Taiwo Okanlawon

6 years ago

The Chairman of Air Peace, Allen Onyema has lauded the Federal Government’s decision to enforce the principle of reciprocity, stating…

Ecobank launches business banking App, ‘Omni Lite’

Taiwo Okanlawon

6 years ago

Ecobank Nigeria has launched an Application for Businesses known as Omni Lite App, targeted at enhancing the banking experience of…

Young Nigerians must be digitally savvy – Ecobank Nigeria CEO Akinwuntan

Kazeem Ugbodaga

6 years ago

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reiterated the need for young Nigerian graduates to be digitally savvy, imbibe…

Lagos lawmaker urges contractor to hasten completion of Imota Rice Mill

Kazeem Ugbodaga

6 years ago

The Chairman, Lagos State House Committee on Agriculture, Mr. Kehinde Joseph has charged contractors handling the Imota Rice Mill to…

Why Lagos will collaborate with NEPZA – Sanwo-Olu

Kazeem Ugbodaga

6 years ago

Lagos State Governor, Mr. Babajide Sanwo-Olu on Thursday assured the Nigeria Export Processing Zones Authority (NEPZA) of the State's collaboration…

FG approves local production of bitumen to boost job creation, conserve FOREX

Kazeem Ugbodaga

6 years ago

The Federal Government has approved local production of bitumen and other construction materials that are being imported currently for construction…

AFDB debars 4 Nigerian companies over fraud

Muhamin Olowoporoku

6 years ago

African Development Bank (AFDB) group on Thursday announced it has debarred four Nigerian firms over fraudulent and collusive practices.

Lagos assures of sustainable supply of paddy for Imota Rice Mill

Kazeem Ugbodaga

6 years ago

Lagos State Government has assured of a sustainable supply of paddy from local farmers for the 32 Metric Tonne per…

NPDC to stop gas importation with 500,000bpd LPG production – Kyari

Kazeem Ugbodaga

6 years ago

The Group Managing Director of Nigerian National Petroleum Corporation, Mele Kyari, has disclosed that the Nigerian Petroleum Development Company (NPDC),…

Challenges of skincare business in Nigeria – Abiola Ahmed

Kazeem Ugbodaga

6 years ago

Every industry has its attendant problems and challenges and the beauty industry is no exception. This is a fact that…

Daniel Nejo: Digital entrepreneur to watchout for

PM NEWS Live

6 years ago

Daniel Nejo served as the Chairman and Founder of Nejo University and his inspired by his family.

Lagos empowers, trains 800 rice farmers

Kazeem Ugbodaga

6 years ago

Lagos State Government on Tuesday empowered no fewer than 800 rice farmers in the State with preferred high yielding Farrow…

Jumia records 38% profit increase, as active users hit 6.8 million

Kazeem Ugbodaga

6 years ago

Africa’s leading e-commerce platform, Jumia recently announced its financial results for the quarter ended June 30, 2020 with the report…

Lagos establishes farming enterprises to train students

Kazeem Ugbodaga

6 years ago

Lagos State Government has said that it has established different farming enterprises to train and teach students in modern farming…

RHD Virus hits Nigeria, government urged on actions

Isa Isawade

6 years ago

As the world currently battles to save humanity from the cold hand of deadly novel Coronavirus (COVID-19), the farm animals’…

Nigerian Judge to Shoprite: You have $10m to pay before leaving Nigeria

PM NEWS Editor

6 years ago

The Federal High Court in Lagos has made an order stopping Shoprite Checkers (PTY) Limited from disposing of or transferring…

Shoprite served court order not to transfer $10m assets

Taiwo Okanlawon

6 years ago

Shoprite Checkers (PTY) Limited has been given an order of mareva injunction by a Federal High Court in Lagos, barring…

Oil prices rise on back of China’s huge booking for US crude

PM NEWS Editor

6 years ago

Oil prices rose on Monday as China’s plans to ship in large volumes of U.S. crude in August and September…

Daukoru resumes as NLNG chairman

Taiwo Okanlawon

6 years ago

Former Nigerian Minister of State for Energy, Edmund Daukoru has formally assumed duty as chairman of the board of directors…

Video: Nigerian traders complain of ill-treatment in Ghana

PM NEWS Editor

6 years ago

Nigerian traders are back in the public court again, to report the ill-treatment being meted out to them in Ghana.

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