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 […]
Port regulation: NPA accountable to Shippers’ Council—Amiwero
By Godwin Oritse Following the appointment of the Nigerian Shippers’ Council, NSC, by the Federal Government as economic regulator for the port industry, the Nigerian Ports Authority, NPA, is now accountable to the Council. President of the National Council of Managing Directors of Licensed Customs Licensed Agents, NCMDLCA, Mr. Lucky Amiwero stated this in an […]
Unilever charges Nigeria on Post-2015 Development Agenda
Unilever, an Anglo-Dutch multinational company which50 percent of its global business is domiciled in Nigeria has called on the government to integrate Post-2015 Development framework on the country’s development agenda in order to facilitate poverty reduction, boost job creation and sustainable environment.
CITN tasks NASS on passage of PIB
The Chartered Institute of Taxation of Nigeria (CITN), has urged the National Assembly, which resumed from its two-month vacation, yesterday, to ensure speedy passage of the Petroleum Industry Bill (PIB), to accelerate development of the oil sector to boost the country revenue.
States insist on subsidy removal as FG, States, LGs share N611b
The federation’s dwindling monthly revenue has maintained its trend as the three tiers of government had to share only N611. 767. billion from accruals into the Federation Account and earnings from the Value Added Tax, VAT in the month of August this came just as State Commissioners of Finance again called for the removal of the fuel subsidy as a major way of addressing the paucity of funds
Power: NACCIMA calls for cancellation of fixed electricity charge
The Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for the cancellation of electricity tariff fixed charge to consumers in the country.
