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 […]
Institute plans to produce bio-fortified cassava
The Bill and Melinda Gates Foundation is sponsoring that National Root Crops Research Institute, (NRCRI) Umudike, to research into the production of bio-fortified cassava.Dr Keneth Nwosu, the Executive Director of the institute, disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja.
Institute plans to produce bio-fortified cassava
The Bill and Melinda Gates Foundation is sponsoring that National Root Crops Research Institute, (NRCRI) Umudike, to research into the production of bio-fortified cassava.Dr Keneth Nwosu, the Executive Director of the institute, disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja.
Nigeria, 13 African countries to benefit from sweet potato initiative
Nigeria and 13 other African countries will benefit from the `Sweet Potato for Profit and Health Initiative,’ being developed by the International Potato Centre based in Nairobi, Kenya.
Expert recommends agric biotechnology to boost food production
Dr Kenneth Nwosu,the Executive Director, National Root Crops Research Institute (NRCRI), Umudike in Abia, has said that the adoption of agricultural biotechnology will boost food production, help achieve national food security and ensure sustainability of the sector.
Shareholders set to take up Niger Insurance rights issue
Shareholders of Niger Insurance plc are set to take up their rights in the company’s current capitalisation bid expected to commence in the next few weeks. They said that they would be ready to increase their equity stake in the company when it eventually hit the capital market for its proposed capital raise.
Strike looms in Ports over N100m NSITF deductions
NON-REFUND of over N100 million Nigeria Social Insurance Trust Fund, NSITF, deducted from Dockworkers by Nigerian Maritime Administration and Safety Agency, NIMASA, eight years after the stoppage of the scheme is causing restiveness in the Ports.
Agriculture offers recipe for Nigeria’s economic challenges
Agriculture is one of Nigeria’s most powerful tools in addressing its goals of creating more employment, better public health, and greater economic growth, says Hartmann, Director General of the Ibadan-based International Institute of Tropical Agriculture.
Investors lose N30bn as NSE delists nationalised banks
Investors’ funds totaling N29.68 billion went down the drain, yesterday, as the Nigerian Stock Exchange, NSE, delisted the shares of the three nationalised banks — Afribank Nigeria Plc, Spring Bank Plc and Bank PHB Plc.
Stop applying principles of conventional banking to microfinance-Yunus
Nobel laureate and founder of the first microfinance bank in the world, Professor Mohammad Yunus said that microfinance regulators and operators should stop using the principles of conventional banking to run microfinance banks.
Transporters rate 100 days of Jonathan administration high
Transport unions and organisations have lauded the present administration for ameliorating their plight by providing their members with buses and ensuring uniform prices of petroleum products.
