Business

CBN unveils new FX guidelines, approves cash movement of $50,000

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 […]
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Re-branding Nigeria can make a lot of difference—Ogudoro

Re-branding Nigeria can make a lot of difference—Ogudoro

Peter Ogudoro is a Development Practitioner and PR Consultant based in the UK. In this interview with Saturday Vanguard   he   spoke to SIMEON NDAJI on the need to re-brand Nigeria. What is Re-branding Nigeria  all about ? I understand that the authorities behind this project are trying  a new and  positive image for Nigeria.This must […]

Local govts seek financial autonomy from FG, States

Local govts seek financial autonomy from FG, States

Towards a sustainable grassroots development in line with the federal governments Vision 20-20-20 initiative, the local governments in Nigeria have began moves to wrest financial autonomy from both the4 federal Government and the States.

Bullish trend persists, share value rises by N81bn

Bullish trend persists, share value rises by N81bn

The bullish trend in the Nigerian capital market continued for the third day running, Wednesday, as gains on the share prices of majority of the listed equities, drove up the market capitalisation and All-share index by 1.33 per cent each

Traders Task FG on funding of Small Scale Industries

Traders Task FG on funding of Small Scale Industries

THE National Association of Nigerian Traders (NANTS) has said that if the Federal government must achieve the set goal of becoming one of the top twenty economies of the world, there was the urgent need for resources to be channelled into the development of small scale industries in Nigeria.

Umuchinemere Procredit MFB establishes Micro Insurance Scheme

Umuchinemere Procredit MFB establishes Micro Insurance Scheme

The Umuchinemere Procredit Micro Finance Bank (UP-MFB) Nigeria Limited, Enugu, in its efforts to empower and improve the well being of the active poor, is set to establish a micro insurance scheme for the rural populace of Enugu
Chairman of the bank, Rev. Obiora Ike, at the commissioning of the bank’s Customer Relations Office (CRO), at Afor-Oghe, in Ezeagu LGA, Enugu State, disclosed that the aim of the insurance policy was to secure the farm produce, livestock, and small business enterprises of the active poor, according to their levels.

AfDB boost trade African trade with $500m

AfDB boost trade African trade with $500m

The Board of Directors of the African Development Bank (AfDB) Group approved, Wednes-day in Tunis, a $500m investment in the Global Trade Liquidity Program as the second phase of its Trade Finance Initiative.

Standard Chartered Bank acquires advisory firm

Standard Chartered Bank acquires advisory firm

Standard Chartered has announced its full acquisition of the remaining shareholding in First Africa Group Holdings Limited (“First Africa”), a Leading pan-African Mergers & Acquisitions (“M&A”) advisory firm.

IMFB, microfinance banks partners on poverty alleviation

IMFB, microfinance banks partners on poverty alleviation

Integrated Microfinance Bank Ibadan branch is organizing a Carnival Road Show on poverty alleviation in Oyo State. The event is scheduled for today Thursday 2nd of July, 2009. The float/carnival will go around ibadan metropolis starting from the Governor’s office and end up in his office.

Bullish trend continues, share value rises by N140bn

Bullish trend continues, share value rises by N140bn

The recent rally in the Nigerian capital market, entered its second day, as the value of listed equities on the Nigerian Stock Exchange (NSE) rose Tuesday, by N139.63 billion.
Particularly, the value of listed equities rose by 2.33 per cent to close at N6.125 trillion from N5.986 trillion at which it opened.

‘Nigerians do not want to pay taxes’—PTML Customs boss

‘Nigerians do not want to pay taxes’—PTML Customs boss

Recently, freight forwarders at the PTML Customs Command protested the alleged increment of charges at the Command . The quick intervention of the Command’s Area Comptroller Mr Austen Warikoru who spoke to GODWIN ORITSE on how he was able to quell the crisis also said that he has observed that Nigerian do not like paying taxes.
Below are excerpts

Firm launches new waterproof technology for  building, engineering industries

Firm launches new waterproof technology for building, engineering industries

For the first time, a world patented, Nano technology-based water soluble waterproofing agent known as Zycocil has been introduced into the Nigerian market to boost building and engineering construction in the country.
It can be easily applied by spray brush or roller to new and existing masonry structures to protect them from mildew, fungus, efflorescence, leaching, stains, premature ageing, scaling, spalling and corrosion of reinforced steel.