Business

Visit NewStage Business today for stories from the NIG Stock Market, Oil prices and Currency rate

Oil falls as U.S. drilling undermines drive to tighten markets

Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. Trading activity will be subdued on...

MTN gets ₦221m waiver from Kano State: reports

Governor Abdullahi Ganduje of Kano State waived the permit fee of ₦221m for the deploy ment of fibre infrastructure in the state by MTN...

NCDMB collaborates with Dangote to use local contents on refinery project

The Nigerian Content Development and Monitoring Board has announced a collaboration with Dangote Industries Limited aimed at ensuring maximum utilisation of local capacities in...

Stock market capitalisation declines by 16.6 per cent in 2-year

Nigerian capital market has recorded abysmal performance in the last two years of President Muhammadu Buhari’s administration as investors in the nation’s stock market...

Pharmacists raise the alarm over increase in fake drugs

The Association of Community Pharmacists of Nigeria has implored the Federal Government to accord priority to the provision of cancer screening machines in hospitals,...

Reforms will save MSMEs ₦2.6bn in annual business registration

The Federal Government is targeting an annual savings of ₦2.6bn for Micro, Small and Medium Enterprises in registration costs to start their businesses.The move...

World Bank earmarks ₦7.2 billion for Fadama III financing in Nigeria

The World Bank says it has earmarked 200 million dollars or N7.2 billion for Fadama III Additional Financing of projects in Nigeria.The World Bank...

28 states highly depend on the PAYE tax: NBS

The revenue generation potential of 28 states in Nigeria is highly dependent on the Pay As You Earn taxes even with the inability of...

Five power turbines, four plants shut

Between Monday and Thursday this week, five power generating turbines and four plants were shut down.It was gathered that five turbines and a plant...

AMCON admits recovery of ₦134 billion from debtors

As a result of the new aggressive recovery strategies adopted by the Asset Management Corporation of Nigeria, it was able to recover ₦134bn from...

Naira depreciates to ₦382 against USD

The naira weakened to 382 per United States dollar on Friday, down from ₦379/dollar it closed on Thursday.On the back of sustained dollar injection...

‘Over 50 per cent of imported goods is counterfeit’, SON says

Standards Organisation of Nigeria (SON) Director-General, Mr. Osita Aboloma has lamented the large presence of fake, counterfeit and sub-standard goods in the country. He...

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