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 […]
NSE, CBI launch corporate governance rating system
The Nigerian Stock Exchange (NSE) with the Convention on Business Integrity (CBI) have launched the foremost Corporate Governance Rating System (CGRS) in Nigeria The Corporate Governance Rating System (CGRS) is designed to rate companies listed on the NSE based on their corporate governance and anti-corruption culture, thereby improving the overall perception of and trust in Nigeria’s capital markets and business practices.
NSE market indices drop by 1.6%
The market indices of the Nigerian Stock Exchange (NSE) on Tuesday dropped further by 1.6 per cent due to profit-taking embarked upon by investors.
Slash in Dangote cement price will take some time – Distributors
Some distributors of cement said on Tuesday it would take some time for the price of Dangote cement to be N1,000 per 50kg of cement in spite of the company slashing the price of the product.
Fashola advocates law empowering states to produce, distribute electricity
Governor Babatunde Fashola of Lagos State has formally commissioned the 8.8 Megawatts Mainland Independent Power Project that will supply constant power supply to both Federal and state government establishments, saying Lagos is capable of providing stable power supply to residents if backed by enabling legislation.
Nigeria to save $1bn from efficient use of energy
Nigeria can save at least $1 billion from the rising energy bills, if the electricity supply in the country is efficiently managed and utilised, an energy expert and Chief Operating Officer, Powtech Power International Limited, Mr. Reginald Ifionu has said.
