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 […]
Lagos disburses N32m worth of agricultural inputs to farmers
The administration of Governor Babatunde Fashola of Lagos State has built a 20,000 metric tonnes per annum Rice Milling Plant at the Agro-Industrial Park, Imota to boost capacity of the local rice production in the state. The government has also increased the hectareage rice plantation from 30 ha to 450 ha and is planning to increase production to 1000 ha.
Food security: African nations hold talks on trust fund
The creation of an African funded trust fund to support food security in the continent was discussed at FAO’s Regional Conference for Africa, held recently in Brazzaville, Republic of the Congo.
Anti-corruption war: ICAN certifies 125 members as forensic accountants
The Institute of Chartered Accountants of Nigeria (ICAN) has reaffirmed its commitment to the war against corruption in the country by certifying 125 chartered accountants as forensic accountants.
West Africa inter-regional trade stands at 10% – UNIDO
THE United Nations Industrial Development Organisation (UNIDO) has lamented that among over 70 per cent of trade by the European Union countries is among themselves, the inter-regional trade between the West African sub-region stands at abysmally 10 per cent.
Transport deficiencies hamper India-Nigeria trade
Lack of Air and Sea Transport system coupled with lack of banking connectivity are obstacles to doing business between Nigeria and India, says Indian High commissioner to Nigeria, Mr. Mahesh Sachdev.
