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Business

NACOPPMAN President Nma Okechukwu-Okoroji says Coconut Sub-sector can contribute over 400 billion dollars to the Nigerian economy annually.

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…
Lagos begins consultation for 2024 budget

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

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 and US Dollars

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…
NPCF reveals those behind power grid collapse

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…
Tinubu with Liam Mallon ExxonMobil President of Global Upstream Operations

Tinubu: Nigeria not waiting for crumbs as ExxonMobil produces new 40K barrels

PM NEWS Editor

3 years ago

Tinubu said he is best prepared to solve problems and crush all bottlenecks standing in the way of new and…
Tinubu with AU leader in New York

Tinubu to AU: Stability, prosperity of the black race is a must

Kazeem Ugbodaga

3 years ago

Tinubu said there is nothing that could bring development and prosperity, outside of embracing freedom and constitutional order, saying they…
NNPCL turning a new leaf

Shake-up in NNPC as top management staff quit today

PM NEWS Editor

3 years ago

According to the NNPC Ltd., the move is in a bid to pursue effective organisational renewal to support the delivery…
A typical Chinese wedding

China’s $500B wedding industry in trouble as marriages plunge

PM NEWS Editor

3 years ago

The trend, which has become more obvious as the economy weakens and consumer confidence wanes, is also worrying officials.

PrimeLink: Building the infrastructure behind Nigeria’s next generation of business growth

Michael Adesina

3 years ago

Nimot Adetola In Nigeria’s increasingly digital economy, business success often hinges on what happens behind the scenes, how products move,…
Oil and Gas sector rakes in $23bn revenue in 2021 

Oil and Gas sector rakes in $23bn revenue in 2021 

Kazeem Ugbodaga

3 years ago

According to the NEITI boss, a total of $13.2 billion dollars was remitted from the sum to the federation account.
Nigeria’s gas export dips following sabotage attacks on a major pipeline in Bayelsa feeding NLNG export terminal being operated by Oando PLC

Oando posts N32.9B profit but debt balloons to N485B

PM NEWS Editor

3 years ago

According to the report, the leading indigenous oil company recorded a 68 percent growth in turnover from N477.1 billion in…
Experts laud CBN over planned recapitalisation of banks

Beneficiaries fume over recovery of COVID-19 intervention loans

Ayorinde Oluokun

3 years ago

The COVID-19 loans were disbursed to beneficiaries by NIRSAL, an entity owned by CBN, at an interest rate of five…
NDDC to collaborate with the Oil and Gas Free Trade Zone Authority, OGFTZA, in development of Industrial Parks in the Niger Delta region.

NDDC, OGFTZA mull establishment of industrial parks in Niger Delta

Ayorinde Oluokun

3 years ago

Ogbuku noted that Industrial Parks occupy a strategic position in the sustainable development value chain because of their multiplier effects.
Nigeria's Securities and Exchange Commission (SEC) has granted two digital assets Exchanges identified as Busha Digital Ltd., and Quidax Technologies Ltd. “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program (ARIP).

The Impact of Cryptocurrencies on the American Economy: A Look at Bitcoin

Ademola Adegbamigbe

3 years ago

In the last decade, the advent of cryptocurrencies has imbued a substantial transformation in the global financial landscape, and its…
Cardoso

Tinubu sacks Emefiele, deputies, nominates Cardoso as new CBN governor

PM NEWS Editor

3 years ago

Cardoso, a banker who had served Citibank in the past was Tinubu’s commissioner for budget in his first term as…
Nigeria's inflation jumps to 25.80%

Nigeria’s inflation jumps to 25.80% in July

Kazeem Ugbodaga

3 years ago

According to the report, in August 2023, the headline inflation rate increased to 25.80% relative to the July 2023 headline…
Air Peace says it will resume flight operations on Friday following suspension of strike by Nigerian Meteorological Agency (NiMET) workers.

Air Peace orders 5 new Embraer E175 planes

Nimot Sulaimon

3 years ago

The acquisition will enable the airline to continue delivering on its ‘no-city-left-behind’ initiative, which is the connectivity that passengers and…
Inflation goes up in Nigeria

Nigeria’s public debt stock increases to N87.38trn

Nimot Sulaimon

3 years ago

It said that External debt stood at N33.25 trillion (43.16 billion dollars) in Q2 2023, while domestic debt was N54.13…
Tinubu, left,Ganduje , 2nd right and others with the report on the conference of Livestock Reforms

FG will buy land for herdsmen, Tinubu approves committee for livestock industry reforms

PM NEWS Editor

3 years ago

"The Federal Government is fully prepared to cover the cost of acquiring the land. These opportunities will provide gainful employment…
IMF Managing Director, Kristalina Georgieva, expresses concerns over new U.S. tariffs, calling them a major risk to the global economy

US, China owe half of world debt of $235T

PM NEWS Editor

3 years ago

Both economic power houses owe $117.5 trillion. While China owes $47.5 trillion, the US is world's biggest debtor, owing $70…

France flags Apple iPhone 12 for excessive radiation

PM NEWS Editor

3 years ago

The French government agency that manages wireless communications frequencies issued the order after the iPhone 12 recently failed one of…
Nneka Onyeali-Ikpe, MD, Fidelity Bank

Fidelity Bank now owns Union Bank UK plc 100 percent

PM NEWS Editor

3 years ago

In a statement, Unuigboje said the acquisition of Union Bank UK plc is 100 percent adding that the bank has…

Kukubima’s Ener-G drink makes wave in Nigerian market

Michael Adesina

3 years ago

KukuBima powdered Ener-G drink, a leading Indonesian energy drink that has been in operation for over 40 years, has been…
Market

What 5G partnership will bring to Nigeria – MTN

Isa Isawade

3 years ago

She said: "The partnership with Baze University, Huawei and MTN symbolises our shared commitment to harnessing the power of 5G…
Chinese Yuan and US Dollars

Chinese Yuan strengthens against dollar

Nimot Sulaimon

3 years ago

The Chinese spot foreign exchange market maintains a system in which the yuan is permitted to fluctuate within a two…
Air Peace

Air Peace to begin Lagos, Kano-Jeddah operations

Nimot Sulaimon

3 years ago

The Lagos-Jeddah and Kano-Jeddah routes would operate three days a week, with a possible connection from Abuja.
Shoppers in UK- Shop owners facing epidemic of shop lifting

UK, US face epidemic of shop lifting

PM NEWS Editor

3 years ago

In the U.S., Target, Foot Locker and Dick's Sporting Goods have all warned that profits have been under pressure from…
These awards underscore FCMB's commitment to impactful lending, actively driving economic growth and job creation across Nigeria

Export: SheVentures Offers Interest-Free Loans to Women Entrepreneurs

Ademola Adegbamigbe

3 years ago

First City Monument Bank (FCMB) has launched the SheVentures Export Readiness Programme, a new initiative to support women-owned businesses in…
CBN to adopt proactive measures to halt Naira's free fall within days

CBN bars banks from paying dividends from FOREX gains

PM NEWS Editor

3 years ago

Many Nigerian banks, notably UBA, First Bank, FCMB, Fidelity Bank, GT Bank and Zenith Bank, have posted one-off revaluation gains.
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