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 […]
Registrars Institute advocates transparency in information mgt
Registrars in the capital market have been advised to devise acceptable ways of managing information flows to investors in a transparent manner as it is key to boosting investors’ confidence.
Traffic forces LCCI to retain Trade Fair at TBS
The Lagos Chamber of Commerce and Industry, LCCI, has said it will retain the Tafawa Balawa Square (TBS) as venue for the 2014 Lagos International Trade Fair, due to traffic gridlocks on the Mile 2 and Lagos Badagry Expressway axis.
Bureau De Change owners beg CBN to increase forex from $15,000 to $50,000
The Association of Bureau De Change of Nigeria (ABCON) has appealed to the Central Bank of Nigeria (CBN) for an increase in weekly sale of foreign exchange from $15,000 to $50,000.
EcoBank’s Rapid Transfer (1)
For a bank operating over 746 branches and offices in about 30 African countries, the capacity to drive a truly continental financial product should not be a problem.
Problems crippling manufacturing in Nigeria, by Ibikunle, IPWA Plc MD
Power infrastructure has been a major challenge facing Nigeria’s economy, even as privatisation of the power sector is yet to yield the desired result to resolve perennial electricity shortage in the country. Currently, the power generation capacity stands at between 4,000 and 5,000mega watts, which is quite insufficient for a population of over 160million. To further improve power supply and sustainability, the Federal Government has approved N3.9billion for power transmission infrastructure.
