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 […]
ECOWAS’ ministers urge Commission to tackle piracy in member states
The ECOWAS Council of Ministers has directed the ECOWAS Commission to urgently address the issue of piracy in member states. The directive was given in a statement at the just-concluded 66th session of the ECOWAS Council of Ministers in Abuja.
Shareholders approve NAHCO’s expansion programme
With unanimous decisions following two motions moved at their company’s Extra-Ordinary General Meeting held yesterday in Abuja, shareholders of Nigerian Aviation Handling Company Plc approved the Board’s two-point business agenda presented for their consideration as ordinary resolutions.
IFAD recommends Community-Driven Development approach toward poverty
The International Fund for Agricultural Development (IFAD) has advised governments at all levels to adopt the Community-Driven Development (CDD) approach in their poverty alleviation programmes and development agenda. Dr Benjamin Odoemena, the IFAD Country programme Officer (CPO) made the call in an interview with newsmen in Dutse, Jigawa State.
FG to build new gas pipeline at Olorunsogo power station
The Federal Government is to build a new pipeline to facilitate gas supply to the Olorunsogo power station in Ogun. The Minister for Power, Prof Barth Nnaji said at the end of a two-day tour of some power plants in the South West, that the pipeline would assist the station to realise its full capacity of 335 megawatts before the end of the year.
StarTimes invests $70m in Nigeria
NTA-Star TV Network Limited has invested $70 million in the Digital Terrestrial Television, DTT, project and plans to expand its operations across the countrty within the next two years.
NCS Ogun empowers COWA
The Nigeria Customs Service,NCS, Ogun State Command, has empowered members of the Customs Officers’ Wives Association,COWA, as part of its effort to enhance human capital development in the economy.
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 nation’s economy and other matters.
‘Investments in the ports hit N123bn’
Investments in the ports have gulped $822 million (or N123.3 billion) since 2006 when private terminal operators, otherwise known as concessionaires, began developing their various terminals for operations.
Agenda for Okonjo-Iweala, economic team
As the former World Bank managing director, Mrs Ngozi Okonjo-Iweala, took over the finance ministry, expectations are high.
Economic Team: Gathering of politicians or technocrats?
The composition and in auguration of Nigeria’seconomy management team by President Goodluck Jonathan, has raised an important question on the the ability of the individuals that make up the team to deliver on the electoral promises and economic agenda of the present administration.
