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Business

Naira fluctuations have prompted businesses to adapt, says Bunmi Adeleye of Retail Supermarkets Nig. Ltd, owners of Shoprite Nigeria.

Amid scarcity of new Naira notes CBN claims massive supplies

Nimot Sulaimon

3 years ago

Emefiele advised citizens to deposit their old notes at any commercial bank and obtain new ones as soon as possible,…
Robin Njiru, AWS regional public sector lead for West, East, and Central Africa

AWS launches new AWS Local Zones location in Lagos

Michael Adesina

3 years ago

AWS now has 32 AWS Local Zones around the world, with announced plans to launch 24 more Local Zones globally.…
Supreme Court strikes out AMCON’s appeal in debt case

N7.3B debt: Dana Motors, AMCON settle out of court

Isa Isawade

3 years ago

The term of the settlement includes that all out-of-pocket expenses incurred in the arrangement, administration and recovery of the facility…

Nigeria to net $500m revenue from cashew export

Nimot Sulaimon

3 years ago

Dr Mohammed Abubakar, Minister of Agriculture and Rural Development, said that the cashew value chain was among the crops being…
DMO: We’ve raised N3.3trn from domestic markets to fund 2022 budget deficit

DMO auctions 4 FGN bonds valued at N360bn

Nimot Sulaimon

3 years ago

It added that they were backed by the full faith and credit of the Federal Government and charged against the…
Nearly a year after it paid $547.2 million as licensing fee, Mafab Telecommunication Company on Monday launches its 5G network in Abuja.

Mafab Telecommunication launches 5G network in Abuja

Ayorinde Oluokun

3 years ago

Mafab, which won the 5G license alongside MTN Nigeria in the 3.5GHz spectrum auction conducted by the Nigeria Communications Commission,…
Dangote Refinery

Buhari will commission Dangote Refinery before May

Ademola Adegbamigbe

3 years ago

The Dangote Group of Companies  has reacted to what it called  some misleading reports regarding the commissioning of Dangote Refinery…

JUST IN: No going back on Jan. 31st deadline to phase out old notes – CBN

Kazeem Ugbodaga

3 years ago

CBN Governor, Godwin Emefiele, who spoke at the apex bank's Monetary Policy Committee meeting in Abuja, stated that Nigerians were…
Airtel

Airtel Nigeria introduces eSIM to subscribers

Michael Adesina

3 years ago

Airtel Nigeria, a telecommunications company, on Tuesday, announced the launch of an eSIM (embedded SIM), a digital SIM that enables…
Buhari unveils Lekki Deep Sea Port

Lekki Port, Imota Rice Mill will yield $200bn economic benefit, provide 300,000 jobs – Buhari

Kazeem Ugbodaga

3 years ago

The President said these labour-intensive projects, which will contribute to job creation in the country, fit well to his Administration’s…

Buhari unveils Lekki Deep Sea Port, largest in Sub-Saharan Africa

Kazeem Ugbodaga

3 years ago

The multi-purpose Deep Sea Port offers enormous support to the burgeoning commercial operations across Nigeria and the entire West African…
Dangote Refinery

Advantages of complexity index design of Dangote Refinery

Ademola Adegbamigbe

3 years ago

Kanya Williams who lives in London narrates how Dangote refinery will solve petroleum products problems in Nigeria
Breaking: Supreme Court invalidates Naira redesign policy

Currency redesign policy engenders naira stability at parallel market

Isa Isawade

3 years ago

“The naira redesign and the security surveillance of the financial system have stemmed the volatile demand pressure in the parallel…
Ugwuanyi not in hiding, nor probed for fraud – HURIWA

Multiple Taxation: Traders, transporters decry activities of market unions, touts in South East

Isa Isawade

3 years ago

Some traders and transporters in the South East Zone of the country have expressed worry over incessant collection of taxes…
the ship from Hong Kong docks at Lekki Deep Sea Port

Lekki Deep Sea Port: Buhari breaks another jinx

PM NEWS Editor

3 years ago

The Project is a Public-Private Partnership (PPP), whose realisation has been driven by President Buhari’s commitment to leaving an unassailable…
Sundar Pichai Google CEO

Google’s parent company Alphabet lays off 12,000 employees

Isa Isawade

3 years ago

"In one email Sundar Pichai has taken away the livelihoods of thousands of workers," Parul Koul, executive chair of the…
The CBN says most banks in Ogun State now have the new notes ahead of the 31 January deadline for withdrawal of old notes from circulation.

Banks in Ogun have sufficient new naira notes to dispense to public – CBN

Ayorinde Oluokun

3 years ago

The CBN also said its monitoring of activities of banks in Ogun state for the past two weeks have revealed…
Buhari

Buhari didn’t approve any fuel price increase – FG

Kazeem Ugbodaga

3 years ago

Sylva said there was no reason for the president to renege on his earlier promise not to approve any increase…
Ridwan Ajamu Bello presented a house by Glo

Glo house winner surfaces after 3 hours of keeping officials waiting

Kazeem Ugbodaga

3 years ago

All that was going through his mind was that the calls were being made to scam him as it felt…
Naira fluctuations have prompted businesses to adapt, says Bunmi Adeleye of Retail Supermarkets Nig. Ltd, owners of Shoprite Nigeria.

New Naira notes flood banks, ATMs

Isa Isawade

3 years ago

Monitoring activities of the CBN officials in the state have revealed that commercial banks and their Automated Teller Machines (ATMs)…
Commercial motorcyclists, popularly known as Okada riders, in Kubwa area of FCT explains why they are rejecting the new Naira notes

ATMs now dispensing new notes in Lagos

Isa Isawade

3 years ago

Twelve days to the deadline after which the old notes will cease to be legal tender, the apex bank’s team…

Viteza: Powering smarter logistics for Africa’s centric businesses

Michael Adesina

3 years ago

Benson Michael Procurement, inventory, and all-around logistics often mark the thin line between profit and collapse for emerging businesses in…
EFCC

CBN to sanction banks dispensing old Naira notes

Isa Isawade

3 years ago

He reminded them that the old N200, N500 and N1,000 notes would cease to be legal tender on Jan. 31,…
Investors lose N1.14trn as NGX reacts to MPC decision

Nigerian investors lose N90bn in bearish trading

Kazeem Ugbodaga

3 years ago

The downturn in the performance of the market was as a result of sell-off in Guaranty Trust Holding Company (GTCO),…
Inflation graph

Nigeria’s inflation plummets first time in 11 months

Kazeem Ugbodaga

3 years ago

This is the first time the country's inflation has dropped since January 2022. There had been a steady increase from…

Tech-Kest unveils Nigeria’s first premium restaurant pager system

Michael Adesina

3 years ago

Tech-Kest Limited, a rising Nigerian tech startup known for creating innovative solutions for African businesses, has announced the launch of…
Estimated billing: Edo govt, BEDC to meter 500,000 houses

Electricity consumers to get metres in 48hrs under mobile MAP programme

Isa Isawade

3 years ago

“But with this arrangement, the era of estimated and post-paid is gone, apart from the smart prepaid meters being recharged…
Delta Airlines: announces date for resumption resume its direct flight services between Lagos and New York.

Computer glitch brings flights in U.S. to a standstill

PM NEWS Editor

3 years ago

A computer outage at the Federal Aviation Administration brought flights to a standstill across the United States on Wednesday. Hundreds…
GTBank

GTBank UK reaches settlement with FCA on anti money laundering controls

Kazeem Ugbodaga

3 years ago

A statement by the bank’s Managing Director, Mr. Gbenga Alade, released on Tuesday in Lagos, said the bank had cooperated…
Airtel Africa says its Nigerian subsidiary, Airtel Networks Ltd., has acquired 4G and 5G Spectrum from the NCC.

Airtel Nigeria acquires 4G,5G Spectrum

Ayorinde Oluokun

3 years ago

By Olawunmi Ashafa Airtel Africa said its Nigerian subsidiary, Airtel Networks Ltd., has acquired 4G and 5G Spectrum from the…
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