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 […]
Sale: PENGASSAN gives Addax mgt July 3 ultimatum
PETROLEUM and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has given a July 3, 2009 deadline for all labour/industrial relations matters including pensions and gratuities of members that must be discussed and finalised before any alleged planned sale of Addax Petroleum Development Nigeria Ltd is consummated to avoid the wrath of organised labour.
Bearish trend persists, share value plunges by N65bn
The bearish trend in the Nigerian capital market continued Monday, as key indicators of the Nigerian Stock Exchange (NSE) recorded significant depreciation, brought about by profit-taking activities by investors.
Disability cover now part of group life insurance
Dr Timi Austen-Peters who read the position paper on behalf of a group of participants that reviewed the paper, Pension Act 2004: An Assessment of the Adequacy of the Legal Framework delivered by Dr Kanu Agabi, former Attorney-General of the Federation said it was important that the disability cover is key to the insurance package.
Air France crash may drive up rates
The fatal June 1 crash of an Air France flight may cause further price increases in the aviation insurance market, although it is too early to say for sure, according to observers.
CIIN awards Fellows to Koroma, Adejumo
Chartered Insurance Institute of Nigeria (CIIN) last week honour President of Sierra Leone, Ernest Bai Koroma and the immediate past president of the institute, Mr Adeyemo Adejumo with award of fellows of the institute.
