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 […]
Stock market rebound: NAAEP canvasses interest rate reduction
Efforts geared towards repositioning the Nigerian Stock Exchange (NSE) for profitability and achieving the vision of making the nation hub of African exchanges will not materialize without effective reduction of interest rate, says Chief Temitope Labinjo Ajayi, Chairman, Nigeria American Agricultural Empowerment Programme Limited (NAAEP).
Power privatisation: BPE releases transaction agreements
The Bureau of Public Enterprises, BPE has released the revised industry and transaction agreements to the 152 potential investors interested in the privatisation of the 17 successor companies created from the unbundling of the Power Holding Company of Nigeria, PHCN.
Lawmaker calls for private investment in refineries
DUE to the deplorable state of Nigerian refineries, the Chairman House of Representatives Committee on Downstream Petroleum, Hon. Dakuku Peterside, has called on private investors to take advantage of the opportunities in Nigeria’s refining sector.
Folawiyo, MRS top list on petrol storage – Investigation
Folawiyo Energy Ltd and MRS Oil and Gas Limited are among the top premium motor spirit, PMS or petrol storage tanks operators in the country.
Vandals threaten electricity stability
Power Holding Company of Nigeria, PHCN, has raised an alarm that vandals of electricity installations are threatening the efforts of the utility company to stabilise electricity supply in the country.
