Business

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

Bank customers opinion on ₦138 billion alerts, withdrawal charges

The top 10 banks earned ₦138 billion from charges on electronic payment transactions. This represented 26 per cent increase from the ₦109.1 billion earned...

NUPENG threatens strike if Port Harcourt refinery sale push through

The Nigeria Union of Petroleum and Natural Gas Workers has vowed to shut down the oil sector if the Federal Government fails to rescind...

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...

Airtel introduces ‘TRACE Plus’ streaming and download platform

Airtel Nigeria subscribers are in for exciting times as the telecommunication service provider partners with Africa’s foremost music media brand, TRACE, to launch a...

Nigeria economy facing recession as GDP shrinks

Nigeria’s economy risks falling into recession after it shrank in the first quarter of 2016 as outputs in the manufacturing, financial, real estate, oil...

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...

Indian gari: Stakeholders expresses their dismay

It started as a rumour. Now it has been confirmed — gari is being imported from India. This has put the Federal Government’s diversification policy...

IBEDC to spend ₦5bn on asset, customer enumeration

The Ibadan Electricity Distribution Company on Thursday stated that it would spend a total of ₦5bn to audit its assets and enumerate customers on...

Nigeria lost N5.95b to fire incidents in five years

THE country lost over N5.95billion to different fire incidents which ravaged parts of the country from 2012 till date, Mr. Femi Young, Executive Director,...

Glo top data subscription rating for June – Report

The Nigerian Communications Commission has released details of how the four major operators fared in the data market in the month of June. From the...

Indonesia firm to build 10,000bpd refinery in Nigeria

Indonesian firm, PT Intim Perkasa Nigeria Ltd, a subsidiary of PT Intim Perkasa, Indonesia, has indicated interest in building a 10, 000 barrel per...

Forte Oil plans to sell shares worth ₦20 billion

Forte Oil Plc has made its plans known, to sell shares worth ₦20 billion to institutional and high net worth investors, and has applied...

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