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 […]
Cotecna, Orange to provide secure M2M tracking, transit monitoring solutions
Cotecna, one of the world’s leading international testing, inspection and certification companies, and Orange Business Services, a leading global integrator of communications services, have entered into a partnership to combine the synergies of the two Groups to offer best-in-class, secure machine-to-machine (M2M) track and trace solutions, particularly for customs transit monitoring.
Regional Maritime Development Bank to begin operations in July
The Regional Maritime Development Bank may take off in July in Abuja after two years of inactivity. A source close to the Federal Ministry of Transport, Abuja, disclosed this to NAN on Monday in Lagos.
Union Bank drags aggrieved retirees to court over gratuity
Union Bank of Nigeria Plc has dragged aggrieved former staff who retired from the bank between 2006 and 2008 before a National Industrial Court in Lagos, seeking an interim injunction to stop them from carrying out any activity capable of paralyzing its banking activities.
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.
House Committee queries NSE over Council composition
The House of Representatives has queried the Nigerian Stock Exchange (NSE), over the nomination of four of its members to its council by the Securities and Exchange Commission (SEC). The House of Representatives Ad hoc Committee on Capital Market made this known in Abuja on Monday.
