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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2012 first quarter deadline: Where is the cement?

Apparently, the pronouncement made by the Federal Government, last year, on its plans to make Nigeria self-sufficient in cement production by the first quarter of 2012 has not been realised. The cost of cement in the country is still on the high side as the economy enters the second quarter.

Our mission is to eradicate poor quality doors, building materials – Onyeka

Honourable Eze Onyeka is the Managing Director, CEO, Stress Free Doors and Homes. As the name implies, Stress Free, the company has taken it as sole responsibility in the midst of insecurity, sub-standard doors and building materials to create awareness and supply Nigerians world class doors and building materials meant to protect homes and offices with God being our eternal security. Excerpts:

Airtel to showcase Nigeria’s largest 3.75G network at ICT congress

Leading telecommunications services provider, Airtel Nigeria has concluded arrangements to showcase the latest data and Internet offerings on its newly upgraded 3.75G network at this year’s edition of the West African Information and Communication Technology (WAFICT) congress, billed for Tuesday, May 8 at the Eko Hotel, Lagos.

FG loans N276b to 5 million farmers in 2012

The Federal Government is committing N276 billion, secured as loans from commercial banks, to reach five million farmers this year, the Minister of Agriculture and Rural Development, Dr Akinwunmi Adesina, has said.

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