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Business

Nigerian youths hail Kyari’s transparency drive, beg Nigerians to be patient

NNPCL remits N123bn into Federation Account after exiting fuel subsidy shackles

Kazeem Ugbodaga

3 years ago

The remittance is coming barely two months after the NNPC exited the fuel subsidy shackle following the removal by President…
Nnamdi Okonkwo and Adeduntan of FBN Holdings

FBN Holdings records bumper half year profit

PM NEWS Editor

3 years ago

Gross earnings also jumped to N656.6 billion in the first six months. It was the best result posted by the…
Naira

Naira posts big gain against Dollar at Investors, Exporters window

Kazeem Ugbodaga

3 years ago

The Naira gained by 3.22 per cent when compared with N793.70 for which it exchanged for the dollar on Wednesday.
Kuda reaches six-million customer sign-up milestone

Kuda reaches six-million customer sign-up milestone

Kazeem Ugbodaga

3 years ago

Announcing the landmark achievement in a statement, Group CEO/Founder, Kuda Technologies Limited, Babs Ogundeyi expressed excitement over the recent milepost,…
NEC endorses mass deployment of CNG powered vehicles to all States for public transportation to cushion the effect of petrol subsidy removal

Moment Shettima presided over NEC meeting amidst furore over fuel hike, hardship (Photos)

Kazeem Ugbodaga

3 years ago

Further increase in the price of Petroleum Motor Spirit (PMS) is eliciting anger in the land, with lots of Nigerians…
NNPCL

NNPCL, UTMOL sign historic agreement to further drive down cost of cooking gas

Kazeem Ugbodaga

3 years ago

The signing ceremony which took place at the NNPCL corporate headquarters in Abuja is a collaborative effort between the two…
Chinese Yuan and US Dollars

Chinese Yuan strengthens against U.S Dollar

Nimot Sulaimon

3 years ago

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the…
Tinubu, Shettima, Akpabio, four governors meet to brainstorm on economy

Tinubu, Shettima, Akpabio, four governors meet to brainstorm on economy

Kazeem Ugbodaga

3 years ago

In this regard, the president and his vice president Kashim Shettima met with the Senate president, Godswill Akpabio and some…
Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

Naira crashes further against Dollar at Investors, Exporters window

Kazeem Ugbodaga

3 years ago

The Naira decreased by 6.83 per cent when compared with N742.93 for which it exchanged for the dollar on Tuesday.
Motorists in Abuja express frustration over the recent increase in the pump price of Premium Motor Spirit (PMS), popularly known as petrol.

PMS hike threatening our business in SE – IPMAN

Isa Isawade

3 years ago

“Most marketers are finding it difficult to remain in business because of increasing cost of operation and payment of workers."
Ogunlesi, Okobi, others honoured on 2023 PR Power List

Ogunlesi, Okobi, others honoured on 2023 PR Power List

Kazeem Ugbodaga

3 years ago

Ogunlesi was honoured alongside other industry giants including the GMD, CMC Connect, Yomi Badejo - Okusanya and Amaechi Okobi, the…
Ecobank to appeal Honeywell’s N72 billion court judgement

Ecobank to appeal Honeywell’s N72 billion court judgement

Kazeem Ugbodaga

3 years ago

Ecobank said it believed that the judgment was perverse and could not stand the test of time.
Chinese Yuan and US Dollars

Chinese Yuan weakens against U.S Dollar

Nimot Sulaimon

3 years ago

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the…
United States Coast Guard says it is committed to Nigeria’s quest to implement the ISPS Facility Code in line with global best practice.

US Coast Guard undertakes peer review of Nigerian maritime domain

Ayorinde Oluokun

3 years ago

Dr. Jamoh also declared the readiness of NIMASA to cooperate with the US Coast Guard team to close all identified…
India does not currently have sufficient lithium reserves, forcing the country to rely heavily on imports from China.

Stanislav Kondrashov Telf AG: How lithium battery manufacturing affects Nature

Ademola Adegbamigbe

3 years ago

The production of lithium-ion batteries in India is facing environmental issues and dependence on imports, says Stanislav Kondrashov of Telf…
Cocoa beans are pictured next to a warehouse in the village of Atroni, near Sunyani, Ghana, April 11, 2019. Image via NAN

Cocoa prices soar in global market

PM NEWS Editor

3 years ago

Cocoa is currently among the hottest agricultural commodities, mostly due to an unusual fall in production in West Africa, a…
Fuel

More hardship for Nigerians as fuel price hits N617 per litre

Kazeem Ugbodaga

3 years ago

On Tuesday, several outlets of the Nigerian National Petroleum Company Limited, in Abuja are selling the commodity for N617 per…
Fuel

Nigeria’s petrol consumption falls by 35 percent, 56 firms apply to import

PM NEWS Editor

3 years ago

Farouk said three marketers, Emadeb Energy, A.Y Shafa and Prudent Energy had imported petrol into the country.
GTBank

GTBank wins best bank in Nigeria award at Euromoney Awards

PM NEWS Editor

3 years ago

Commenting on the award, Mrs Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd., said, “we are honoured to be…
Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

Naira fights back, posts marginal gain over Dollar

Kazeem Ugbodaga

3 years ago

The Naira increased by 1.07 per cent when compared with N803.90 which it exchanged to the dollar on July 14.
Nigeria's inflation jumps to 22.79 percent, as prices of food shoot up

Nigeria’s inflation jumps to 22.79 percent, as prices of food shoot up

Kazeem Ugbodaga

3 years ago

The NBS said in June 2023, the headline inflation rate rose to 22.79% relative to May 2023 headline inflation rate…
The account of Algrain Foods Limited became toxic in the year 2016 and the Trustee appointed Mr. Ade Oyebanji SAN as the Receiver

FastCash distributes N105b in digital loans to over 3 million Nigerians

Ademola Adegbamigbe

3 years ago

FastCash, an instant loan solution powered by First City Monument Bank (FCMB), has disbursed over 3 million loans worth N105…
CBN to adopt proactive measures to halt Naira's free fall within days

Why CBN should eliminate loan sharks – expert

Isa Isawade

3 years ago

“The MfBs are better positioned to offer such service, and I’ll urge the CBN to empower the MfBs to be…
U.S. SEC says it was suing Elon Musk over his ownership of more than 5 per cent of Twitter stakes ahead of taking over the company in 2022.

Elon Musk says Twitter advertising revenue plunges, usage up

PM NEWS Editor

3 years ago

Meta's Threads, seen as the leading Twitter rival on the market, passed 100 million downloads less than a week after…
The President of AfDB) Akinwunmi Adesina laments takeover of many parts of Nigeria country by criminal elements amidst rising poverty

AfDB approves €63m loan to Cameroon for manpower training

PM NEWS Editor

3 years ago

The project aims to get the private sector in Cameroon – in tandem with the government – involved in key…

Adeleke pleads with bank chiefs to reopen closed branches in Osun

Ayorinde Oluokun

3 years ago

The Governor who spoke at the commissioning of the rebuilt Ede branch of First Bank of Nigeria on Friday informed…
MonicaNG PR officer Mr E Davies

MonicaNG revolutionizes digital currency trading in Nigeria with transparency  transactions – Expert

Michael Adesina

3 years ago

MonicaNG offers exciting additional features that enhance the user experience. Users can conveniently purchase airtime or data using their Naira…
Naira

Naira in free fall against Dollar at Investors, Exporters window

Kazeem Ugbodaga

3 years ago

The Naira decreased by 7.72 per cent when compared with N746.28 for which it exchanged for the dollar on Thursday.
12 Quick facts about late Access Bank CEO Wigwe

Access Bank enters agreement to acquire Standard Chartered’s businesses in 5 African countries

Kazeem Ugbodaga

3 years ago

A statement issued by the Company Secretary, Sunday Ekwochi, said Access Bank has also entered into a definitive agreement for…
Access Bank and Finibanco Angola

Access Bank completes majority shareholding in Finibanco Angola

PM NEWS Editor

3 years ago

The announcement came more than a month after the bank first disclosed its acquisition plan on 2 May.
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