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 […]
DFID finances Nigerian Border Markets project with N500m
The UK Department for International Development (DFID), said it’s financing the cost of Feasibility Study for the establishment of the Okerete Transnational Border Market in Oyo State, with two million pounds (about N500 million).
FG charges CTI Board of Trustees on manpower training
The Federal Government has mandated the Board of Trustee for Cement Technology Institute (CTI), to train manpower for the cement industry, just like the Petroleum Institute, Warri is doing for Oil Industry.
CRFFN: Peter Obih, 2 others risk dismissal over anti Council activities
THE chairman of the governing council of the Council for the Regulation of Freight Forwarding in Nigeria (CFRFFN), Alhaji Hakeem Olanrewaju has given reasons why the Council’s vice chairman, Dr Sama Onyemelukwe and two others were suspended for allegedly violating some portions of the council’s Act.
Eurozone rescue plan emerging amidst IMF, Greece talks
The outline of a large and ambitious eurozone rescue plan is taking shape, reports from the International Monetary Fund (IMF) in Washington suggest.
Soares lists growth potentials for insurance sector
Ms Prisca Soares, Secretary General of Africa Insurers Association (AIO) has listed untapped and new areas in the insurance industry to include, SMEs, personal lines, agricultural insurance, funeral, as well as micro insurance.
Capital market operators endorse Union Bank recapitalization plan
Union Bank of Nigeria, UBN Plc recapitalization plans have continued to receive support from various stakeholders, as capital market operators, weekend, said the choice of credible core investors has made the Bank a good offering.
Miss Insurance takes awareness campaign to corps members
As part of plans to take insurance awareness to the general public, Miss Insurance, Eberechukwu Onuorah has taken her awareness campaign to youths undergoing the one year National Youth Service Corps (NYSC) programme.
Transatlantic in talks with new bidder
Transatlantic Holdings Inc said on Monday it entered into deal talks with an undisclosed bidder, adding a fresh twist in a months-long takeover saga and sending the reinsurer’s shares up sharply.
Shareholders commend Honeywell Flour over N1.03bn
Shareholders of Honeywell Flour Mills Plc have commended its Board and management for the N1.031 billion declared by the company for the financial year ended March 31, 201.
Local content constraints for insurance industry are fundamental- Lawal
Mr. Fatai Lawal, Managing Director of Sterling Assurance Company in this interview with Favour Nnabugwu bares his mind on the consequences the threat by the National Insurance Commission, (NAICOM) to publish names of erring companies would have on the entire sector. Excerpts:
