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 […]
Oando records 52 per cent increase in PAT
Oando Plc has announced an increase in its Profit After Tax (PAT) for its audited reports for the financial year ended December 31, 2009, with a 52% increase in the Group’s net profit.
Kidnapping: A crime against humanity…What is the way out?
FOR the purpose of this discourse, in pursuance of our goal of celebrating the personages who changed the course of humanity through peaceful protest like Dr. Martin Luther King, Jnr. and because protest is the immediate cause of kidnapping in Nigeria, we shall stay with the political activists who kidnap men, women and children for political reasons, that is the idealists and pseudo- activists.
ETI promises to deliver superior returns to stakeholders
Ecobank Transnational In corporated (Ecobank Group) said it is poised to deliver superior returns to stakeholders as its geographical expansion programmes comes to an end.
Masterclass holds innovation & transformation seminar
Creativity and inno vation in the rapid transformation of organizations are indispensable business imperatives. This is the focal thrust of a seminar which holds in Abuja on June 30 and in Lagos on July 1 to assist organizations develop innovation agendas for their business.
Jonnie Walker hosts 2nd SMS, increase sale by 170%
Jonnie Walker (J&W), a scotch whisky brand says it sells 5 bottles per second every day which has increased its sales profile to over 170 percent in three years in Nigeria, as it hosts second Striding Man Society (SMS) official gathering.
IATA rates Qatar Airways’ safety standards high
By Kenneth Ehigiator Qatar Airways has received a top safety award from the International Air Transport Association (IATA) in recognition of its outstanding achievement in its Operational Safety Audit (IOSA).
Savannah Bank pledges speedy return of operations
Savannah Bank of Ni geria Plc has promised all stakeholders that it will ensure a speedy conclusion of the necessary processes that are required to re-open the bank to the general public.
GlaxoSmithKline first quarter turnover up by 30%
The unaudited first quar ter result of GlaxoSmithKline Consumer Nigeria Plc (GlaxoSmith) for the period ended 31 March, 2009 showed that its turnover grew by 30.53% to N3.87bn, compared with N2.97billion in the corresponding period of 2008.
SAA plans capacity building workshop for Nigerian partners
Kenneth Ehigiator South African Airways is organising a three-day marketing capacity building workshop for its 41 travel agents/partners in Nigeria.
NASB, NERC Set to Standardise Electricity Accounting
AS part of efforts aimed at eas ing the transition of the electricity sector to a private sector initiative driven industry, the Nigerian Electricity Regulatory Commission (NERC) and the Nigerian Accounting Standards Board (NASB) have announced plans to evolve a new set of accounting standards for companies operating in the sector.
