Business

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

Naira strengthens against Dollar

The Naira on Friday appreciated against the dollar at the interbank market, after sustaining losses for two days, the News Agency of Nigeria, reports. The...

IMF Boss: Equal pay for men and women boosts growth

The chief of the International Monetary Fund is calling on governments and businesses to do more to promote the same business and economic opportunities...

Fertilizer suppliers fault Presidency on N65 bn debt

A group of suppliers of fertilizers to Nigerian farmers under the President Goodluck Jonathan administration has faulted the claim by the Presidency that N65...

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...

U.S. Chamber names Dangote Co-Chair of U.S.- Africa Business Center

The U.S. Chamber of Commerce, in furtherance to collaboration of business communities in the United States and across Africa, has named Aliko Dangote, Africa’s...

‘CBN hasn’t printed small naira denominations for about a year’

The Central Bank of Nigeria has not printed small naira denominations for about a year now, causing the scarcity of the notes in the...

MTN to pay dividends despite Nigerian loss

Africa’s biggest mobile phone operator MTN Group swung to its first annual loss in two decades on Thursday, hit by a regulatory fine in...

KEDCO added 20 Megawatts to aid business operations

By: Dele Adelaja,20 megawatts had been dedicated to industrial customers in Kano by the Kano Electricity Distribution Company (KEDCO) to enhance power supply for...

Oil prices higher as upbeat economic sentiment outweighs oversupply worries

Oil futures moved higher Monday as upbeat sentiment about economic prospects in Asia and Europe outweighed concerns a higher U.S. rig count stoked worries...

Lagos issues N47bn Bond

The Lagos State Government on Friday issued its N47bn Series 1 Bond maturing in December, 2023 under its N500bn Third Debt Issuance Programme. Governor Akinwunmi...

“Dangote refinery will solve fuel supply challenge”

Lagos State Governor, Mr. Akinwunmi Ambode, on Tuesday said the largest single line refinery in the world being developed at the Lekki Free Trade...

FG to address challenges in insurance sector

The Minister of Finance, Mrs. Kemi Adeosun, has said that the Federal Government will address the low performance of the insurance sector. She said this...

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