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 […]
FBN Life capitalises on FirstBank branches to distribute products
Managing Director of FBN Life Assurance Mr. Val Ojumah has said that his company has an edge in the insurance sector because it is capitalising on the branch network of First Bank Plc in the distribution of its products to every part of the country.
Revelations from subsidy, pension probes disturbing – CIIN
Chartered Insurance Institute of Nigeria, CIIN, has condemned the level of fraud perpetrated by some top government officials in the matter of police pensions, saying that it is highly disturbing.
Experts attribute rising inflation to low productivity in real sector
Some financial experts have attributed the rising inflation rate in the country to low activities in the real sectors. They told newsmen in Lagos on Monday that the rising inflation rate would retard the growth of the economy. The National Bureau of Statistics has reported that the inflation rate increased from 11.9 per cent in February to 12.1 per cent in March.
NDCCIA seeks legal framework on agricultural development
For Agriculture to play a key role in diversifying the economy, it is needful to have stable policies backed with parliamentary acts, says Mr. Emma Ajayi, Managing Director/CEO, CG BIOSTADTT.
ILO tasks governments on health, safety of workers
INTERNATIONAL Labour Organisation, ILO, has called on Government across the globe including Nigeria, to make the safety and health of all workers a primary and direct objective of policies and strategies for an environmentally sustainable economy.
