Business

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 […]
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DHL Nigeria delivered blood, cord tissue samples to India within 48hrs

One of the leading express in the courier industry in Nigeria, DHL, in its unique operation towards offering first class services to Nigerian environs, had demonstrated another high level of world class professionalism when last week it successfully facilitated the delivery of samples of blood and cord tissue of a day-old baby from Lagos to Chennai, India.

Young lawyers tasked to show commitment to service

Considering the high standard practice that goes on in law practice worldwide, the Nigerian young lawyers have been advised to take the profession serious and the only way to that is through hard working if they must take ownership of the profession in future when the senior ones retire.

Experts parley on policy, prospects in the downstream sector

Oil and gas experts have warned that the only way the country can tackle the crisis of interruptions and scarcity of petroleum products in the country is to address infrastructural challenges in the sector and ensure a credible process that would facilitate effective distribution of the products in the market.

World stocks slide further

Surprisingly robust US jobs data sparked only a brief rebound on Wall Street and in Europe on Friday, leaving investors scarred from a week of heavy losses brought on by slow growth and eurozone debt concerns.

Suspension: Omatek, UNTL submit 2010 financial results

In an apparent response to the suspension placed on trading of their shares on the floors of the Nigerian Stock Exchange, NSE, Omatek Ventures Plc and United Nigeria Textiles, UNTL, Plc have submitted their financial statements for the 2010 financial year.

FG plans to develop minerals, metal sectors for export

Mr Musa Sada, the Minister of Mines and Steel Development has said that the Federal Government is determined to diversify the country’s revenue earning through the development of minerals and metals for export.

MasterCard profit jumps 33 percent

MasterCard Incorporated said second-quarter profit jumped 33 percent, as inflation in the United States lifted spending volume and more international consumers used debit and credit cards.

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