Business

Stanbic IBTC Holdings renames fintech subsidiary

PM NEWS Editor

3 years ago

Stanbic IBTC Holdings Plc has announced a change of name for its wholly owned financial technology subsidiary, IBTC Financial Services…

ICYMI: BDCs now to render mandatory daily reports to CBN or lose licences

PM NEWS Editor

3 years ago

The circular signed by Dr. O.S. Nnaji, director trade and exchange department also capped foreign currency transactions carried out by…

CIBN declares support for efforts by Tinubu, CBN to save the naira

Ayorinde Oluokun

3 years ago

CIBN also commended President Bola Tinubu for the ongoing efforts to unify the Naira exchange rate to save the country…

How we will utilise gas resources to catalyse growth of Nigeria’s economy – Tinubu

Kazeem Ugbodaga

3 years ago

Tinubu affirmed the position of natural gas as Nigeria’s gateway to sustainable development and prosperity, pledging to build a partnership…

FG inaugurates solar-powered electric vehicle charging station in UNN

Isa Isawade

3 years ago

“This informs the reason why NADDC, an agency in the Federal Ministry of Industry, Trade and Investment is sponsored by…

First Bank: Court adjourns suit as shareholders’ battle gets messier

Ayorinde Oluokun

3 years ago

Justice Oweibo had on August 14 warned FBN Holdings' Group Managing Director, Nnamdi Okonkwo, not to disobey the order restraining…

NNPCL secures $3bn emergency crude oil repayment loan from Afreximbank

Kazeem Ugbodaga

3 years ago

The deal will cushion the effect of fuel price jump and scarcity of forex, associated with the free float of…

Tinubu disappoints bondholders by avoiding new fuel price hike

PM NEWS Editor

3 years ago

The scrapping of the fuel subsidy saw petrol prices more than triple and pushed already double-digit inflation to an 18-year…

Auction village for vehicles to open soon

Isa Isawade

3 years ago

"We want them to see the ingenuity of exploring such kind of opportunity by giving us all necessary cooperation and…

Diversify into agriculture to stem rising inflation, Nzekwe tells FG

Isa Isawade

3 years ago

“If the federal government can get agriculture right, this will automatically bring down the nation’s inflation rate because it affects…

One person dies, three missing as Seplat’s oil rig capsizes

PM NEWS Editor

3 years ago

In a statement by CEO Roger Brown, Seplat said the rig was in-transit to its planned drilling location at Ovhor…

VP Shettima excited by Google’s N1.2b grant initiative

Ayorinde Oluokun

3 years ago

Vice President Kashim Shettima and the executives of Google at the meeting in his office on Tuesday

NNPCL resumes operation at Forcados Terminal, oil production to rise by 350,000bpd

Kazeem Ugbodaga

3 years ago

With this, NNPCL is getting close to the August target of 1.8 million barrel per day oil projection target.

Nigeria’s inflation skyrockets to 24.08% in July

Kazeem Ugbodaga

3 years ago

The NBS, in its report on Tuesday said in July 2023, the headline inflation rate rose to 24.08 per cent…

DMO records N312bn subscription in August bond auction

Nimot Sulaimon

3 years ago

By Kadiri Abdulrahman The Debt Management Office (DMO) says it received a total subscription of N312.56 billion in its August,…

CBN to adopt proactive measures to halt Naira’s free fall within days

Kazeem Ugbodaga

3 years ago

Acting CBN Governor, Folashodun Shonubi, said in Abuja that President Bola Tinubu is very concerned about some of the goings…

Innovation in Mobile Apps: What Are The New Possibilities Behind Your Mobile

Ademola Adegbamigbe

3 years ago

Mobile apps have become an indispensable part of our lives in today's fast-paced digital era. From social networking to finance,…

FCMB offers N10m clean energy loan to households, small businesses

Ademola Adegbamigbe

3 years ago

Nigerian households and small businesses looking to acquire solar panels, batteries, inverters, and other green energy equipment now have access…

NCAA urges airline operators to comply on insurance

Nimot Sulaimon

3 years ago

By Gabriel Agbeja The Nigeria Civil Aviation Authority (NCAA) has urged airlines and other service providers to comply with the…

1TimeShop revolutionises online shopping with All-in-One App

Nimot Sulaimon

3 years ago

In a groundbreaking development for the world of online shopping, the 1TimeShop app has taken the industry by storm with its cutting-edge…

Avalon Daily hosts policy dialogue on job creation, poverty reduction

Oluwapelumi Oluwayemi

3 years ago

Chinenye Mba Uzoukwu, Managing Partner at Grand Central, shed light on the transformative potential of technology and innovation in job…

FTG, Feather Invest roll out solutions to ease liquidity issues in market

Kazeem Ugbodaga

3 years ago

Two foremost financial institutions, Financial Trust Group, FTG, and its partner Feather Invest, are the brains behind the long-awaited offerings…

Nigeria’s economy shrinks by 1.2% in 2023’s first quarter

Kazeem Ugbodaga

3 years ago

OPEC said this was against a growth of 3.6 per cent in fourth quarter of 2022, an indicator of 2023…

What Tinubu told APC Board of Trustees’ Professional Forum on nation’s economy

Kazeem Ugbodaga

3 years ago

Tinubu said, “This economy must recover for the good and greatest number of Nigerians, and we are seriously committed to…

Harsh economy: The Place rolls out palliatives for staff

Kazeem Ugbodaga

3 years ago

The Chief Operating Officer of the company, Ms. Chinelo Umeugochukwu said on Thursday that it was imperative to provide palliative…

Airtel Africa CEO Ogunsanya offloads shares to buy UK property

PM NEWS Editor

3 years ago

The transaction at the London Stock Exchange on 4 August fetched him £757, 440.70, the company disclosed in a notice…

Chinese Yuan weakens against U.S Dollar

Nimot Sulaimon

3 years ago

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 11 pips to 7.1587 against the dollar…

Fuel subsidy removal: Bicycle price soars

Isa Isawade

3 years ago

Because of the increase in demand for bicycles, P.M News checks revealed that a bicycle now goes for between N40,000…

Why corporations should come under scrutiny over PMS Price hike – Dayo Adetoye

Isa Isawade

3 years ago

“Current exchange rate and current global oil prices are not responsible for the new domestic PMS price hike. It is…

Chinese firm suspends $800m Kandadji dam in Niger over sanctions

PM NEWS Editor

3 years ago

The $808 million project, located about 180 kilometres northwest of the capital Niamey, is set to have a capacity of…

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