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 […]
Pensioners tackle PTAD over delayed payment of arrears
There are strong indications that pensioners under the Defined Benefit Scheme, DBS, who have been waiting since 2006 for their arrears to be paid, will have to wait till next year for it to be allocated in 2015 budget.
FG mobilises $14.1bn to support real sector, says Okonjo-Iweala
The Minister of Finance, Dr Ngozi Okonjo-Iweala, says the Federal Government has moblised 14.1 billion dollars to support the real sector of the economy.
Nigeria, sub-Saharan Africa, account for 30% global oil discoveries
Almost 30 percent of global oil and gas discoveries made over the last five years were in sub-Saharan Africa, reflecting growing global appetite for African resources, the World Energy Outlook Special Report said.
India to pay Iran $500m next week
Indian refiners will pay $500 million to Iran next week, the second installment in an interim deal that allows Tehran to recover part of overseas frozen oil revenues that are payments for oil it has sold, two industry sources said in Friday.
Minister tasks Abuja Disco on power supply
The Minister of Power, Prof. Chinedu Nebo, has charged the Abuja Electricity Distribution Company, AEDC, to urgently address the epileptic power supply in the entire Federal Capital Territory, FCT, Abuja and its environs.
