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 […]
Yuzos e-supermarket lights up Abuja
Residents of Abuja, the Federal Capital Territory are now saving themselves the cost of visiting Supermarkets as a new improved online store, www.yuzos.com began operation on Wednesday to deliver products such as groceries, drinks, household, personal and baby care products as well as over the counter pharmaceuticals through an innovative supplier management and logistics architecture right to people’s homes and offices.
Heritage Bank completes payment to acquire Enterprise Bank
Heritage Bank Limited Wednesday completed the payment of N56 billion to acquire Enterprise Bank.
Enterprise Bank is one of the three nationalised banks bought by Asset Management Corporation of Nigeria (AMCON) in 2011, following the failure to meet the recapitalisation deadline of the Central Bank of Nigeria. The other banks are Mainstreet Bank and Keystone Bank.
‘Nigerian oil not needed’
Propelled by surging shale output, the United States is fighting for supremacy in the global oil market even as a pullback in crude prices threatens to challenge the boom.
Shareholders confront Conoil over shortcomings in corporate governance
Shareholders of Conoil Plc have raised concern over the shortcomings in the company’s corporate governance practices, especially the continuous absence of the chairman, Mr. Mike Adenuga, from the Annual General Meetings, AGMs.
NSIA success result of core business values – Dozie
Chairman, Board of Directors, NSIA Insurance, formerly known as ADIC Insurance, Mr. Pascal Dozie has attributed the success of the company to its adherence, over the years, to the core business values as initially set by its founder, Prof. Joseph Irukwu, who had a burning desire to set up a model insurance company that will be known for its integrity, prompt payment of claims and pursuance of best practices.
