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 […]
Infinix takes to e-commerce for quality service delivery
Infinix Mobility has taken to marketing its Infinix ZERO mobile device on e-commerce, saying it is already paying off. The company has sold about 20,000 units of the device within three weeks, after its launch in Nigeria two months ago.
Diamond Bank appoints Uzoma as CEO
The Board of Dia-mond Bank Plc, has announced the appointment of Mr. Uzoma Dozie as Managing Director/Chief Executive following the voluntary resignation of Dr. Alex Otti, from the bank Friday. The appointment of Uzoma is subject to the approval of the Central Bank of Nigeria (CBN).
Ebola.com domain sold for big payout
The owners of the website Ebola.com have scored a big payday with the outbreak of the epidemic, selling the domain for more than $200,000 in cash and stock.
Why we need Biosafety law in Nigeria — farmers
The President of the All Farmers Association of Nigeria (AFAN), Arc. Kabiru Salman did not mince words when he told the gathering at the national Assembly last week that Genetically Modified Organism (GMO) will take his members away from subsistence farming to commercial farming.
Private sector investments in sugar sector hit N500bn — FG
Nigeria has attracted and commenced the implementation of over N500billion private sector investments in the sugar sector under the Nigeria Sugar Master Plan.
