Economy

Visit NEWSTAGE Economy today for stories from the economy around the world, NIGERIA Economy, U.S., Africa, Asia ...

U.S. oil industry set to break record, upend global trade

Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in...

FG expects more tax revenue from VAIDS scheme this year

Having grossed ₦23 billion from the Voluntary Assets and Income Declaration Scheme (VAIDS) in 2017, the Federal Government expects to net considerable tax revenue...

Adidas aim to increase its US market share to 20 pct...

German sportswear maker Adidas wants to increase its U.S. market share to around 15-20 percent from levels that are now "significantly lower", its chief...

1 million jobs to be created via egg production scheme, NEGPRO

The Federal Government has concluded plans to create more than one million jobs across the country through egg production, processing and marketing under the...

Nigeria attracted $6.8 billion investments in 9-months – NBS

Nigerian economy attracted $6.85 billion worth of investments in the first nine months of 2017; while some state governments took advantage of portfolio investors’...

Mass killings in state may scare off investors, NLC warns

The Nigeria Labour Congress (NLC) has raised the alarm that the frequent serial killings in some states may scare foreign investors from the country...

Nigeria saves ₦15 billion annually since inception of E-Unit – minister

The Minister of Finance, Mrs. Kemi Adeosun, says the Federal Government now saves ₦15 billion annually since it created the Efficiency Unit (E-Unit) on...

Free e-dividend registration stops for investors, charges apply

The Securities and Exchange Commission (SEC) recently announced that the e-dividend registration would continue seamlessly in spite of the expiration of free registration deadline. The...

Trump says program to protect ‘Dreamers’ is ‘probably dead’

President Donald Trump said Sunday that a program that protects immigrants who were brought to the U.S. illegally as children is "probably dead," casting...

Udoma predicts, Nigerian economy will be productive this year

Nigeria's Minister of Budget and National Planning, Senator Udo Udoma, has said economy will be significantly better this year going by the consistent positive...

Nigeria’s Kemi Adeosun appointed into UN Pension Fund Investments Committee

The United Nations has appointed Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, into the Investments Committee of the United Nations Joint Staff Pension Fund. A...

Nigeria spends ₦19.5 trillion on importation of raw materials in the...

Director of Government Relations and Public Policy, sub-Saharan Africa Operations, Procter and Gamble (P&G), Mrs. Temitope Illuyemi disclosed this in Lagos quoting statistics from...

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