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 […]
NETCO announces completion of Shell’s SOKU NAG project
National Engineering and Technical Company Limited,(NETCO) has announced the completion of its SOKU NAG plant modification project as well as the inauguration of its asset disposal committee
Commodity Exchange requires legal backing to succeed – Isemede
The Director General,Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), John Ismede, says commodity exchange requires legal backing to succeed in the country like its counterparts in USA, China, Japan and Malaysia.
Tin-can Customs impounds contraband goods with N43.8b
TIN-CAN Island Command of the Nigeria Customs Service (NCS) has impounded contraband goods with Duty Paid Value (DPV) of about N43.8 million between January and this month.
Ondo appoints Akinterinwa SA on Communication
Governor Olusegun Mimiko of Ondo State has appointed Yinka Salard Akinterinwa his Special Assistant, SA, on Communication.
Revised listing rules, not solution to market problems – NSE
The Nigerian Stock Exchange, NSE, said the review of its listing rules was primarily done to benchmark its operations against international best practices and should not be seen as a solution to all the problems confronting the Nigerian capital market.
