Business

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

Oil prices steadied by China’s inventory fall

Oil prices dipped on Thursday, extending the previous day’s decline, as the market focus returned to a global supply overhang, although a surprise fall...

Nigeria tops Africa’s petrol imports with 6bn litres in 2015

THE Nigerian National Petroleum Corporation (NNPC) has said that the country imported 6.2bn litres of premium motor spirit (PMS) popularly known as petrol, last...

CBN To Pump $90m Into Parallel Market

The Central Bank of Nigeria (CBN) is expected to shut the official foreign exchange (forex) window for the year by Wednesday and pump $90...

UBA and MEC launch Omni-Channel Payment System, EmailMoni

MEC, Inc. announced today it has entered into agreements with pan-African financial services group, United Bank for Africa ("UBA") Plc to provide a revolutionary...

Union wants ExxonMobil facility in Niger Delta closed down

A Nigerian labor union on today called for the close down of all ExxonMobil Corp facilities in the Niger Delta, a union representative said.Reuters...

Naira hits record low of N321 on dollar shortage

Nigeria's Naira hit a record low of 321 to the dollar on the parallel market on Thursday, traders said, as importers desperate to meet...

Arik Air owes IATA $78m – AMCON

The Asset Management Corporation of Nigeria on Monday said Arik Air, under its previous management, owed the International Air Transport Association $78m. The Media Consultant...

Japan oil firms lift annual spending on refineries, cut exploration

Some Japanese oil companies have raised their capital investment plans for the year that started on April 1, putting money into refineries and other...

CBN unveils N300bn fund for non-oil exporters

The Central Bank of Nigeria on Tuesday unveiled a N300bn special intervention fund to boost non-oil exports in the country. The announcement was contained in...

‘Pension Managers assets hit N2 trillion’

Stanbic IBTC Pension Managers Ltd,(SIPML) assets in the last 10 years hit close to two trillion naira. This statement was made by Mr Eric Fajemisin, the...

FG borrows N2.9trn from banks in 3 months

The harsh economic condition in the country forced the Federal Government to borrow the sum of N2.89trn from the banking sector in the fourth...

U.S. will invest $600m in Nigeria, says Kerry

The United States will invest more than $600 million in Nigeria this year, Secretary of State John Kerry said yesterday in Washington. He spoke during...

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