Business

IHS Towers wins big in Tech Innovation Awards 2023

Kazeem Ugbodaga

3 years ago

“We are here to celebrate the brilliance, ingenuity and incredible impact of the tech industry in Nigeria. If you look…

FCMB Celebrates Excellent Team Service

Ademola Adegbamigbe

3 years ago

As the world celebrates Customer Service Week 2023, First City Monument Bank (FCMB) is honouring its valued customers and dedicated…

DMO offers N150bn Sukuk bond

Nimot Sulaimon

3 years ago

Sukuk were offered at N1,000 per unit, subject to a minimum subscription of N10,000 and in multiples of N1,000 thereafter.

TAJBank records highest Tier-1 capital, PBT

Nimot Sulaimon

3 years ago

The audited financial statements of the bank also reflected an increase in its Profit Before Tax (PBT) to N6.019 billion,…

BUA slashes cement price to N3,500 per bag

Kazeem Ugbodaga

3 years ago

According to the statement, the gesture is to allow Nigerians to enjoy the benefits of the price reduction before the…

How to tame Nigeria’s rising inflation

Nimot Sulaimon

3 years ago

On a year-on-year basis, the headline inflation rate was 5.27 percent higher compared to the rate recorded in August 2022,…

Nigerian govt mulls N75bn intervention fund for MSMEs

Ayorinde Oluokun

3 years ago

Uzoka-Anite, represented by the Director of Commodity and Export in the ministry, Mr Kaura Irimiya, said the fund, which would…

Google asks Nigerian business owners to apply for N75m Hustle Academy Fund

Ayorinde Oluokun

3 years ago

Google’s Hustle Academy, introduced in 2022, provides SMEs with business and management education, mentoring, and networking, with a particular emphasis…

View from Abroad: Tinubu’s reforms tottering, hopes fading

PM NEWS Editor

3 years ago

"Sentiment towards Nigeria has been souring as the initial reform momentum under President Tinubu's administration has faded," said Tellimer analyst…

Hyundai, Kai recall over 3 million vehicles

Nimot Sulaimon

3 years ago

This recall is associated with a potential brake fluid leak within the Anti-Lock Brake System (ABS) module, leading to an…

5000 BDCs selling FOREX bad for Nigeria: Tinubu’s economic adviser Fasua

PM NEWS Editor

3 years ago

“I believe we should reform the Bureau De Change (BDC) sector and make it stronger. You cannot manage over 5,000…

Microfinance Banks pivotal to fueling economic growth – Interswitch

Kazeem Ugbodaga

3 years ago

Speaking on the importance of microfinance banks, Innocent Itobore, Group Head, Data and Lending Services, Interswitch noted that microfinance institutions,…

Updated: Senate confirms Cardoso as CBN Governor, four others Deputy Governors

Kazeem Ugbodaga

3 years ago

Cardoso is a Nigerian banker, chartered stockbroker and public policy maker. He served as the former chairman of Citibank Nigeria.

AWS report: Cloud adoption in Nigeria set to yield NGN30.2 trillion economic uplift by 2033

Michael Adesina

3 years ago

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), commissioned a new report quantifying the relationship between public…

Nigeria’s annual upstream CAPEX drops to $6bn- NUPRC

Nimot Sulaimon

3 years ago

Gbenga Komolafe attributed the decline in CAPEX to several factors, while emphasising that regulatory uncertainty significantly impacted investment in Nigeria’s…

Court papers list MTN, Prof. Nwankwo, FSL Securites victims of Diongoli’s N3.7B scam

PM NEWS Editor

3 years ago

The biggest losers were Dr.Charles Ejekute-Obi who was swindled of N345 Million, Tedaki Events, which lost N232 Million and one…

UNGA 78: Nigeria moves to address unemployment, launches NATEP

Kazeem Ugbodaga

3 years ago

The Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, announced this on the sidelines of the 78th United Nations…

Access Holdings declares interim dividend

PM NEWS Editor

3 years ago

Profit before tax also increased from N97.7 billion to N167.6 billion. Profit after tax similarly increased to N135.4 billion, from…

FG still owing NNPCL over $9.74bn fuel subsidy debt despite NEITI’s under-remittance claims

Kazeem Ugbodaga

3 years ago

This is despite the claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the defunct Nigeria National Petroleum Corporation…

UN appeals to Lagos to allocate certain percentage of contracts to women-owned businesses

Kazeem Ugbodaga

3 years ago

The UN Women delegation appealed to the Lagos State Government to allocate a certain percentage of contract awards of the…

Emefiele resigns, Cardoso, new deputy governors take over at CBN

Ayorinde Oluokun

3 years ago

In a statement by its Director of Corporate Communications, Isa AbdulMumin, on Friday, the CBN confirmed that Cardoso and the…

This is what Tinubu did at NASDAQ in US to set African record

Kazeem Ugbodaga

3 years ago

The President, surrounded by Nigerian business leaders and officials of the Nigerian Stock Exchange, in trademark fashion, did not fail…

Tinubu’s policies will end smuggling, says Customs boss Adeniyi

Ayorinde Oluokun

3 years ago

Mr Adeniyi further stated that fighting smugglers and smuggling activities deserves concerted efforts from all well-meaning Nigerians.

Murdoch steps down from atop media empire

PM NEWS Editor

3 years ago

The son of a famous war correspondent in Australia, Rupert Murdoch took over his father's newspaper business in the early…

Toshiba’s almost 150-year public presence ends

Nimot Sulaimon

3 years ago

With roots dating back to 1875, Toshiba evolved into a vast conglomerate in the 20th century, becoming synonymous with Japan's…

Nigeria can earn over $400bn from coconut sub-sector annually – Okechukwu-Okoroji

Ayorinde Oluokun

3 years ago

Okechukwu-Okoroji said an estimated 36,000 hectares is presently under cultivation mostly in Lagos, Akwa Ibom and Rivers state, adding that…

2024 budget: Lagos begins consultations, rakes in N400bn IGR in six months

Kazeem Ugbodaga

3 years ago

Speaking at the Badagry division, Commissioner for Economic Planning and Budget, Mosopefoluwa George, said the consultations and discussions would enable…

NAFDAC introduces online products registration to manufacturers

Isa Isawade

3 years ago

Fagboroye explained that the online registration, which had been on for a while, was for limited and certain products, “and…

Chinese Yuan strengthens against U.S Dollar

Nimot Sulaimon

3 years ago

The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by…

Updated: TCN says working hard to restore national grid

PM NEWS Editor

3 years ago

Mrs Ndidi Mbah, TCN General Manager on Public Affairs said that power supply has been restored to the West, North…

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