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 […]
Otti tasks banks on support for manufacturing sector
The former Group Managing Director/CEO of Diamond Bank Plc, Mr. Alex Otti, has charged financial institutions in the country to show more support to the manufacturing sector by developing more products that will adequately provide capital to the entrepreneurs.
Rights group condemns neglect of host communities
An international organisation, Global Rights, has slammed the Federal Government over the Mineral and Mining Act by not protecting and providing basic amenities for host communities.
Vandalism can increase risk in oil price instability — NAPE
The Nigerian Association of Petroleum Explorationists, NAPE, has called for stricter sanctions on oil vandals, if the target in production of crude in the country has to be met.
NERC gives Discos ultimatum to meter customers
Nigerian Electricity Regulatory Commission, NERC, has given the distribution companies, Discos, two weeks within which to provide electricity consumers whose meters are yet to be delivered months after payment with the products.
FG inaugurates committee on Ogoniland
The Federal Government has established a Multi-stakeholder Consultative Committee aimed at fast tracking the environmental restoration of Ogoni land, as proposed in the United Nations Environment Programme, UNEP Report.
