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 […]
Equities’ gains drive market value by N160bn
Driven by gains on the share prices of majority of the quoted companies, the value of listed equities on the Nigerian Stock Exchange (NSE) appreciated, Monday, by N160.08 billion.
Ogun State set to raise N60bn Bond
In an apparent bid to meet its long term developmental goals, the Ogun State government is set to raise not less than N50 billion from the nation’s capital market, even as it refutes allegations from some members of the State House of Assembly that the state has no financial statement
Customs gets two helicopters to monitor petroleum export
After over 20 years of non monitoring of the nation’s petroleum export following the inability of the Nigeria Customs Service (NCS) saddled with the responsibility to get to the loading points, the Service has acquired two brand-new helicopters which are presently being assembled for that purpose as well as to combat smuggling.
KNOC demands restoration of OPLs 321, 323
THE Korean National Oil Company, KNOC has urged a High court sitting in Abuja to restore its two oil prospecting licences revoked earlier this year by the Federal Government over the company’s alleged inability to pay in full the signature bonus put at $485 million.
Nigeria’s gas reserves placed at 600 trillion cf
By Yemie Adeoye NIGERIA’S present gas reserves may have gotten up to 600 trillion cubic feet (tcf), away from the much reported 187 (tcf) , if a report said to be issued by the United States Geological Survey is anything to go by.
