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 […]
FG to compel MDAs to patronise locally-made products
The Minister of Trade and Investment, Mr. Olusegun Aganga has revealed the decision of the Federal Government to mandate all government Ministries, Departments and Agencies, MDAs, including the state government to patronize Made-in-Nigeria products in line with the local content provision for government procurement.
Security situation: Investors confidence declining – LCCI
Lagos Chamber of Commerce and Industry (LCCI) said the disturbing security situation in the country is impacting negatively on the investment environment, leading to declining confidence across the broad spectrum of prospective domestic and foreign investors in the economy.
Customs meets Ajelete community leaders to end clashes
TOP officers of the Nigeria Customs Service (NCS) have been meeting with community leaders at Ajilete, a border town in Ogun State, to find lasting solutions to incessant clashes between Customs personnel on the one hand and suspected smugglers and their supporters on the other.
Coleman Cables boss laments high energy cost
The Managing Director of Coleman cables, Mr. George Onafowonkan, has lamented the high cost of generating alternative electricity supply by manufacturing industries, adding that his company alone has within the last two years of its operations spent over N60 million on generator expenses.
Investors seek national policy for Free Trade Zones
DOMESTIC and international investors have called for a national policy for the operation of Free Trade Zones in the country.
