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 […]
‘We must take a good look at Sovereign Wealth Fund’
Benedict Ukpong, Assistant Director, Federal Capital Development Authority, Abuja, speaks, in this interview, on the need for government to carefully examine SWF and the economic benefits it would bring in the long-run, if adequately utilised.
Who hiked cement price?
The current increase in the price of cement, which took the consumers unawares only two months after the Federal Government gave local manufacturers a standing order to increase production capacity to crash down the price, is biting harder. A bag of cement now sells for N2,800, against the initial price of N1,500.
Job creation, road to economic recovery – Saraki
The immediate past governor of Kwara State, Dr Bukola Saraki, recently visited home, during which he spoke on the economy and other matters. Excerpts:
Employers value experience, skills – Ezekwe
Emeka Ezekwe is a business development consultant. He also works in oil and gas sector, Port Harcourt. With his experience in life coupled with his growing up challenges, Ezekwe is of the opinion that the world owes nobody a living, so if you want to live, you have to exploit and take what you want and that is live for you, he said.
PenCom hires agents to recover unremitted contributions
NATIONAL Pension Commission, PenCom, is employing the services of agents to recover outstanding pension contributions and interest from about 2,616 defaulting employers across the country.
Airtel Big Family package gets bigger features
Customers of leading telecommunications service provider, Airtel, in Nigeria will have an opportunity to enjoy additional benefits on one of the company’s most pocket friendly packages, Airtel Big Family, with the announcement of the introduction of an enriched offer – Airtel Big Family Xtra.
Lagos to establish 3 more asphalt plants across state
The Lagos State Government is planning to establish three additional asphalt plants in Badagry, Ikorodu/Epe axis and the Lagos Mainland.
Longman announces Board composition, names new Chairman
Longman Nigeria Plc has announced the composition of a new Board, with the appointment of Chief Emeke Iwerebon as Chairman of the company.
NigComSat will provide better, cheaper services in Africa – Ahmed-Rufai
The Nigerian Communication Satellite (NigComSat) will provide the best and cheapest satellite services to subscribers within Africa, the NigComSat Managing Director, Alhaji Tumasaniyu Ahmed-Rufai, has said.
Unilever sells brands as part of Culver deal
Unilever Plc/NV is selling the Alberto VO5 shampoo and haircare brand in the United States and Puerto Rico and also its Rave hairspray brand globally to private equity firm Brynwood Partners as a condition of its acquisition of Alberto Culver.
