Business

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

‘Nigeria Refineries performance in 2016 drops below 15%’

The consolidated operational performance of Nigeria’s three refineries based on their capacity utilisation was below 15 per cent in 2016, the Nigerian National Petroleum...

‘60% duty on imported rice will increase local production’

The All Farmers Association of Nigeria has said that the 60 per cent import duty on imported rice will promote local rice and make...

Customs target N1tn revenue for 2016

The Nigeria Customs Service on Tuesday said it was planning to raise the sum of N1tn as revenue for the Federal Government in the...

Oil closes high above $50 on Nigeria supply disruptions

The global oil benchmark, Brent crude, extended its gains on Tuesday, trading above the $50 per barrel mark for the first time since October...

CBN’s moves on forex to boost economy

CBN has made moves to strengthen the naira currency to boost domestic manufacturing and lift the economy out of recession caused by the slump...

Nigeria gets Korea’s N2.4b for e-govt capacity building

The Republic of Korea has spent N2.4 billion ($4.5million) on capacity building for e-government in the country. The money, which is to be spent between...

NNPC to partner Indian hospital

Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has expressed hope for the corporation to partner with Indian health companies in the...

Dangote Cement invests $5bn in new factories

Dangote Cement Plc invested over $5bn to build 44 million tonnes per annum cement factories in eight African countries in 2015, the firm said...

NESG suggests foreign investors need clarity on FX policy

The Nigerian Economic Summit Group, a private sector think-tank and policy advocacy group, has said clarity on the nation’s foreign exchange policy is necessary...

Experts doubt the ‘adjustments’ made to forex policy

Economic and financial experts say it is uncertain that the latest policy action on foreign exchange introduced by the Central Bank of Nigeria will...

CBN Promises Stable Naira Robust Economy In 2016

Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says the apex bank is evolving additional measures to boost the nation’s economy and...

294 Lagos Retirees Get N1.9bn Benefits

Lagos State Government has paid N1.9bn retirement benefits to another set of 294 retirees under the Contributory Pension Scheme.The Commissioner for Establishment, Training and...

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