Business

Visit NEWSTAGE Business today for stories from the NIGERIA Stock Market, Oil prices, Aviation, Agriculture, Banking, Telecos and Companies from around ...

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...

GTB, UBA, others mull interim dividends

Four of Nigeria’s five largest banks have indicated they might pay interim cash dividends to shareholders as investors await the half-year corporate earnings of...

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...

NNPC divided into 4 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...

World Bank supports SMEs with ₦10 billion grant

The World Bank has initiated a scheme to support small and medium scale enterprises (SMEs) with grants up to ₦10 billion across the nation. Tagged:...

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...

Nigeria spends ₦5.8 billion on maize importation

Between April and May this year, Nigeria spent N5.8 billion ($15.2million) on the importation of maize. This is the market value of the three vessels...

ExxonMobil: Mobil Oil parent company now 11 Plc, to retain brand

Following the complete acquisition of ExxonMobil’s 60 per cent equity stake in Mobil Oil Nigeria (MON) Plc operations by NIPCo Plc in a N90...

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...

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...

recent post