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 […]
Nigeria must diversify its economy – Aganga
The minister of Industry, Trade and Investment, Dr. Olusegun Aganga, has called for the diversification of economy saying it is the only way the country could achieve economic development.
Housing finance: AMCON boss faults NMRC’s capital outlay
By YINKA KOLAWOLE Chief Executive Officer of the Asset Management Company of Nigeria (AMCON), Mr. Mustapha Chike-Obi, has faulted the guideline establishing Nigerian Mortgage Refinancing Company (NMRC), arguing that the agency lacked adequate capital, and called for increase in the minimum capital base of NMRC to about N10 trillion. Speaking at the Legal Business Summit […]
Don cautions FG over decision on Economic partnership Agreement
A professor of Economics at the University of Ibadan and chairman, Centre for Trade and Development initiatives, CTDi, Ademola Oyejide, has called on the federal government to rethink its decision on the Economic Partnership Agreement, EPA, saying that it will have negative implications for the economy.
FG to replicate SME clusters in 9,555 wards nationwide — Minister
THE Federal Government is poised to replicate the success story of SME clusters in 9,555 wards in the country.
40,000 farmers get N1m cocoa seedlings from FG
FEDERAL Government had released over 1 million cocoa seedlings to 400, 000 farmers of the cash crop across the cocoa geo-ecological zones in the country to boost the production and export of the commodity.
