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...

UACN raise N6 billion capital for Livestock Feeds, UPDC

UAC of Nigeria (UACN) has opened application lists for supplementary capital raising for two of its subsidiaries-Livestock Feeds Plc and UACN Property Development Company...

Guinness Nigeria eyes N40 billion new equity funds in rights issue

Guinness Nigeria PLC plans to raise about N40 billion from its shareholders as part of strategic plan to deepen its balance sheet and provide...

Ericsson lay off 160 workers, takes jobs to India

The local subsidiary of the global telecommunications solutions provider - Ericsson has fired about 160 permanent and outsourced workers in its Network Operating Centre. According...

NNPC divided into Four major units

INTO four major unit was the Nigerian National Petroleum Corporation (NNPC) been broken into. Minister of State for Petroleum Resources Dr. Ibe Kachikwu yesterday announced the new...

Nigeria promotes business environment by reducing documents for import, export

The Nigerian Government has approved a reduction in the number of documents needed for both exports and imports in furtherance of its Enabling Business...

Honeywell appeals freezing of accounts by Ecobank

Honeywell Flour Mills Plc has appealed against partial freezing of its accounts by the Federal High Court in Lagos following an application by Ecobank...

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),...

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...

ICAN to honour Obasanjo, Ambode, others at Merit Award

Former President Olusegun Obasanjo and Governor Akinwumi Ambode of Lagos State are among the eminent personalities that will be honoured with the 2017 Merit...

Guinness, NB, NBC, others sacked 405 workers – Union

Companies in the food, beverage and tobacco sector have sacked about 405 workers in the last four months, the National President, Food, Beverage and...

Glo introduces ‘Borrow Me Data’ plan

Glo subscribers can now borrow data. Globacom on Monday said that its new product, ‘Borrow Me Data’, would ensure that the cyber crowd stay connected...

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