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 […]
MWUN faults Navy, Marine Police over attacks on vessels at ports
By Cynthia Alo The President General of the Maritime Workers Union of Nigeria (MWUN), Comrade Francis Bunu, has accused security agencies operating in the Lagos ports of dereliction of duty following a rise in attacks on vessels while at berth. Bunu specifically blamed the security agencies for failing to adequately secure port waters and waterfronts, […]
CBN crashes Ways & Means to N2.8trn – Cardoso
By Emma Ujah, Abuja Bureau Chief Nigeria’s Ways & Means portfolio has crashed to N2.84 trillion, down from N26.95 trillion inherited by current administration. Governor of the Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, disclosed this at the Monetary Policy Forum, themed, “Strengthening Nigeria’s Macroeconomic Stability Through Effective Monetary Policy: The role of Critical Stakeholders” in […]
Cornerstone Insurance wins 2025 insurance company of the year
By Rosemary Iwunze Cornerstone Insurance Plc, one of Nigeria’s most trusted insurance providers, has been named 2025 Insurance Company of the Year at the annual awards ceremony recently organised by Champion Newspapers. The prestigious recognition was announced at a well-attended ceremony held in Lagos. The award celebrates outstanding performance, innovation, and industry leadership within Nigeria’s […]
Dangote refinery reduces petrol gantry price to N1,200 per litre
The spokesperson for the Dangote Group, Anthony Chiejina, said the adjustment represents a downward review of the refinery’s pricing template, driven by developments in the global oil market.
Nigeria’s capital importation rises 88% to $23.2bn in 2025
By Elizabeth Adegbesan Capital importation into the country increased year-on-year (YoY) by 88.5 percent to $23.21 billion in 2025 from $12.31 billion in 2024. Vanguard analysis of data from the National Bureau of Statistics, NBS, Capital Importation Report for 2025 showed that in Q1’25, capital imported into the country stood at $5.64 billion. In Q2’25, capital […]
