Business

U.S. oil imports increase, exports down last week

Isa Isawade

6 years ago

The United States' crude oil imports increased while exports decreased during the week ending Oct. 25, the U.S. Energy Information…

Samsung profits in Q3 slump over 50%

PM NEWS Editor

6 years ago

Samsung Electronics, the world's largest smartphone and memory chip maker, saw net profits slump by more than half in the…

Brazil mulls joining OPEC

PM NEWS Editor

6 years ago

Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add…

US Fed cuts interest rate for the 3rd time this year

PM NEWS Editor

6 years ago

The US Federal Reserve has slashed interest rates for the third consecutive time, with the Federal Open Market Committee voting…

Dangote Flour workers protest over unpaid gratuities

Nimot Sulaimon

6 years ago

Trade unions in Dangote Flour Mill (DPM) on Wednesday staged a protest over non-payment of workers’ gratuities since 2012.

Dangote Flour Mill workers protest over non-payment of gratuities

PM NEWS Editor

6 years ago

Trade unions in Dangote Flour Mill (DPM) on Wednesday staged a protest over non-payment of workers’ their gratuities since 2012.

Americans pile up $50b debt on online instalment loans

PM NEWS Editor

6 years ago

Americans have piled up a massive $50 billion debt on online instalment loan, a form of debt with longer maturities…

Sterling Bank interest income jumps in Q3

PM NEWS Editor

6 years ago

Sterling Bank Plc posted net interest income growth of N47.53 billion for the third quarter ended Sept. 30, 2019.

Lagos Assembly okays Sanwo-Olu’s re-ordering of N93.7bn from 2019 budget

Kazeem Ugbodaga

6 years ago

Lagos State House of Assembly has approved the re-ordering of N93,742,530,000 from the 2019 budget size by the state government.

Buhari orders CBN make funds available to textile firms

PM NEWS Editor

6 years ago

President Muhammadu Buhari on Tuesday mandated the Central Bank of Nigeria (CBN) to make special funds available for the local…

Chevron selling off Nigerian oil fields

PM NEWS Editor

6 years ago

Chevron is seeking to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it…

Ihedioha attracts $50m Afreximbank investment to Imo

PM NEWS Editor

6 years ago

Governor Emeka Ihedioha of Imo state has attracted a $50m investment into the state as the Africa Export Import Bank…

Verve Card formally announces its acceptance in Ghana

Kazeem Ugbodaga

6 years ago

Verve, a leading payments technology and card business in Africa, has partnered with the Ghana Interbank Payment and Settlement Systems…

Saudi Aramco rolls out IPO next week

PM NEWS Editor

6 years ago

Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct…

Why bankers must collaborate with govt – Ayeyemi

Isa Isawade

6 years ago

The Chief Executive Officer of Ecobank Transnational Incorporated (ETI), Ade Ayeyemi, says it is important for Nigerian bankers to work…

GTBank removes charges for undergraduates

Kazeem Ugbodaga

6 years ago

If you are an undergraduate, between the ages of 16-25, then you can now bank for free with Guaranty Trust…

Buhari commended over Nigeria’s new rating by World Bank

Isa Isawade

6 years ago

A Public Affairs Analyst, Mr Carl Umegboro has commended President Muhammadu Buhari on the recent 15 places rise rating of…

Amazon baffled Microsoft got Pentagon’s $10b cloud computing contract

PM NEWS Editor

6 years ago

Amazon said Friday it was surprised the US Department of Defense, the Pentagon awarded a $10 billion cloud computing contract…

Microsoft edges Amazon to land Pentagon’s $10b cloud computing contract

PM NEWS Editor

6 years ago

Microsoft has won the $10 billion JEDI cloud computing contract, edging out rival Amazon, Pentagon announced on Friday.

Trump firm mulls selling Trump hotel in Washington D.C

PM NEWS Editor

6 years ago

The Trump Organization on Friday said it was exploring a sale of the rights to its Washington hotel, a property…

Ease of doing business: Togo is 97th, What is Nigeria celebrating?

PM NEWS Editor

6 years ago

President Muhammadu Buhari, Vice President Yemi Osinbajo and the ruling All Progressives Congress have been celebrating the latest World Bank…

Bill Gates set to topple Jeff Bezos as world’s richest

PM NEWS Editor

6 years ago

Amazon CEO Jeff Bezos is about to lose his spot as the world's richest person to Microsoft founder Bill Gates…

Twitter Inc. revenue hit by tech glitch, stocks fall

PM NEWS Editor

6 years ago

Twitter Inc posted worse-than-expected quarterly revenue and profit on Thursday, plagued by technical issues that hurt its advertising, and unusually…

Interswitch completes N23bn bond placement

Kazeem Ugbodaga

6 years ago

Following the registration of a N30 billion debt issuance programme with the Securities and Exchange Commission of Nigeria (SEC), Interswitch…

Tesla Inc surprises with Q3 profit

PM NEWS Editor

6 years ago

Tesla Inc shares soared on Wednesday after the company surprised investors by posting a profitable third quarter, boosted by record…

Senate President opens public hearing on 2020 budget

Kazeem Ugbodaga

6 years ago

President of the Senate, Ahmad Lawan, on Wednesday declared open a two-day public hearing on the 2020 budget which was…

Nigerians shall not live on rice alone

PM NEWS Editor

6 years ago

We cannot live on rice alone; at least we need protein in the mix – on that bowl of white,…

Boeing profit crashes, cash flow in red

PM NEWS Editor

6 years ago

Boeing Co reported a 53 per cent drop in quarterly profit on Wednesday as the world’s largest plane maker was…

Volume of coconut production in Lagos hits N10bn – Sanwo-Olu

Kazeem Ugbodaga

6 years ago

Lagos State Governor, Babajide Sanwo-Olu on Tuesday disclosed that the State has about two million coconut trees with an annual…

FBN Holdings gross profit goes up

PM NEWS Editor

6 years ago

FBN Holdings Plc on Monday said the non-performing loans (NPLs) ratio for its commercial bank reduced to 12. 6 per…

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