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 […]
Transfer pricing law ‘ll boost Nigeria’s revenue, firms’ profitability – PwC
The proposed regulation on Transfer Pricing, set to come into effect, mid 2012, will help increase the profitability of Nigerian firms and boost the revenue profile of the country, says PriceWaterhouseCoopers, PWC, Nigeria Limited.
Address market illiquidity, growth with stabilisation fund – CIS
The Chartered Institute of Stockbrokers, CIS has called on the Federal Government to help address the lingering issue of illiquidity in the Nigerian capital market with the establishment of a stabilization fund.
Capital market hearing: Reps are pursuing own goals – Shareholders
Investors in the capital market, have flayed the National Assembly and the Securities and Exchange Commission over the shady conduct of the public hearing on the near collapse of the Nigerian capital market, saying both parties deviated from the core issues to focus on irrelevancies.
NCDMB clarifies price disparity between Nigerian, foreign oil service companies
Following complaints by some indigenous oil service companies that the spirit of price disparity between them and their foreign counterparts while bidding for jobs with International Oil Companies negates the spirit of fairness the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB) Engr. Earnest Nwapa has clarified the reasons behind the development if it does exist.
Nigeria losses over $20b annually in power, other sectors – Okolo
IT has become highly imperative for the federal government to expand its frontiers in the Local Content policy to cover strategic sectors of the economy as over $20 billion worth of jobs is being lost by the country annually to capital flight especially in sectors like power and telecoms amongst others.
