Business

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

DMO name Stanbic IBTC agent for FGN savings bond

Office of the Debt Management Office (DMO), has named Stanbic IBTC Stockbroker Limited as the receiving agent for the much publicised Federal Government of...

CBN, Heritage Bank approve N2 billion agric loan to Triton Aqua...

The Nigeria Central Bank in conjunction with Heritage Bank Plc approved a sum of N2 billion long-term facility under the Commercial Agriculture Credit Scheme (CACS) to...

E-Dividend: SEC launch portal for unregistered investors

In a bid to curb the growth of unclaimed dividend in the Nigerian capital market, the Securities and Exchange Commission (SEC) has provided a...

‘Naira is likely to hit N500 against USD next week’

The Nigeria Naira is expected to undergo further depreciation and its likely to hit 500 mark to the United States Dollar at the parallel market...

FG to spend N1.9bn on sewage, fumigation in 2017

The Federal Government and some its agencies that are not under the first line charge will spend N1.91bn on clearing of sewage and fumigation...

FG to prosecute workers collecting multiple salaries

NIGERIA Federal Government yesterday,  vowed that any government employee taking advantage of the loopholes in the payroll system to collect multiple salaries would be...

Nigeria labour market rose by 25%, 1.7 million jobless this year...

The labour market has added another 1.7 million to its 9.48 million statistics from the beginning of the year. The report from the National Bureau of...

UBA, First Bank, Fidelity, Ecobank disburse forex to BDCs

No fewer than four commercial banks yesterday disbursed the first batch of diaspora inflow-related foreign exchange (forex) to over 350 bureaux de change (BDCs),...

Nigeria loses N115 billion to the shutdown of Forcados terminal

With global oil prices trading above the $50 per barrel mark since November 30, the shutdown of the Forcados terminal, through which the nation’s...

Bua, Chinese firm plan N374bn steel, cement plants

An indigenous conglomerate, the Bua Group, has resumed discussions with a Chinese firm, Sinoma International Engineering Company, on plans to construct a steel plant...

Google, Telecoms to intensify ‘insurance’ in Nigeria with ICT

Global tech giant Google Inc. and other telecom company such MTN, Airtel and MainOne, are set to lay out strategies to deepen insurance penetration in...

Nigeria’s economic decline affects neighbouring countries – IMF

Due to the intra-regional trade and remittance ties between Nigeria and neighbouring countries, the economies of the Chad and Niger had been significantly affected...

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