CBN unveils new FX guidelines, approves cash movement of $50,000
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange Guidelines which provides that an individual can move cash of up to $50,000, but must be declared at the point of exit. The bank also retained the earlier provision for the movement or import of cash of up to […]
AfDB’s boss commends African businesses for initiative against Ebola
President of African Development Bank (AfDB), Donald Kaberuka, has described the pledge of $28.5 million by leading companies in Africa to fight Ebola as a key step in creating a sustainable mechanism to deal with the scourge.
Extractive industry: NMGS eyes increased contribution to economic devt
The Nigerian Mining and Geosciences Society (NMGS) has promised to ensure that the entire gamut of the Nigerian extractive industry gets a boost for an increased contribution to the growth of the national economy.
TEM to take off before the end of 2015, says Power Minister
If the assurances of the Minister of Power, Professor Chinedu Nebo are anything to go by, the much awaited transitional electricity market, TEM, would come into effect before the end of 2015.
Before you choose a bank (4)
“My ATM card will expire December 2014 and to my surprise, the sum of N1000 and N500 were deducted from my account twice this month (October) for new ATM card. The first deduction was on the 17th while the second one was yesterday 29th of October. Is it not supposed to be N1000? How am I going to get my money back?
Youth apprenticeship scheme to bridge skills gap in power sector, says Jonathan
President Goodluck Jonathan has said that the National Power Sector Apprenticeship Scheme, NAPSAS, would close the existing skills gap created by many years of embargo on recruitment in the nation’s power sector.
