The Central Bank of Nigeria, CBN, yesterday said that importers of rice, cement and other products will no longer access Foreign Exchange from CBN, banks and bureaux de change for such importation.

The US Investors Visa Programme was created by the Immigration Act of 1990 to encourage the flow of major investments into the United States to help stimulate the economy through job creation. In exchange for the investments made, the United States offers the foreign investors a variety of immigrant and non-immigrant visa options, such as EB-5; L-1 or EB-1C. This article aims at demystifying the myths associated with the various U.S. Investor Program.

The Nigerian Stock Exchange , NSE will soon commence trading naira futures that will help investors hedge against movements in the local currency, Chief Executive Officer Oscar Onyema said. “It would be awesome if we had a naira-dollar contract that we could trade on the exchange,” he said in an interview in London on Monday. “Futures and options are asset classes that we think would be very beneficial to foreign investors.”

Unemployment must be tackled with business decline which has progressively worsened over the years with many business executives having to sell their properties, with them driving their cars as unpainted taxi for survival. About 1.8 million fresh graduates, millions of unskilled youths, yearly enter into the ever-swirling labour pool.

It is also encouraging that the company’s directors see a strong future in the business and the directors have not been influenced by thoughts about dilution of the shareholding structure given the low share prices on the floor of the Nigerian Stock Exchange, NSE. However, I hope the documentation for the rights issue would indicate the direction of the company’s profitability following on the additional investments in the company.