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 […]
FIRS realises N21.7trn in 11 years – Omoigui-Okauru
The Federal Inland Revenue Service, FIRS, realised N21.7 trillion from taxes in the last 11 years, it was learnt, yesterday. FIRS made a total of N13.036 trillion from oil sources and another N7.53 trillion from non-oil taxes within the period under revie
CBN threatens to withdraw public sector deposits from banks
The Central Bank of Nigeria (CBN), yesterday, threatened to withdraw public sector deposits from banks as part of its effort to control money supply in the economy.
Kola Ahmed assumes duty as CIIN’s Deputy Director-General
Mr. Kolawole Raheem Ahmed has assumed duty as the first Deputy Director-General of the Chartered Insurance Institute of Nigeria, CIIN.
PENGASSAN advocates NLNG model for refineries management
THE Petroleum and Natural Gas Senior Staff of Nigeria, PENGASSAN, advised the Federal Government against outright sale of the nation’s four refineries as being canvassed in some quarters, but to adopt the Nigerian Liquefied Natural Gas, NLNG, model in the management of the refineries.
Sanusi calls for new development strategy for Africa
Governor, Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has called for a new development strategy for Africa.
