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 […]
Drug hawkers defy NAFDAC’s ban, sell in public
Drug hawkers in Kaduna have defiled the ban placed by NAFDAC by selling drugs in the open markets, investigations by the News Agency of Nigeria (NAN) has shown.
Bank customers threaten litigation over missing fund
A flurry of cases on “mysterious†disappearance of funds from bank accounts will soon be in the courts as bank customers insist on refunds for monies that were released by the banks without their authorisation NAN has reported
According to NAN’s report Bank customers have been complaining of unauthorised huge draw downs on their accounts in the last one year.
MFBs operators criticise N50bn micro-credit fund as political gimmicks
Operators in the micro-finance sector have criticized the N50 billion micro-credit fund set up by the Federal government as a political gimmick as only few microfinance banks have been able to access it.
Ghana commences Electronic clearance of cargoes
THE Ghanian Maritime industry has again beaten its Nigerian counterpart to the simplified cargo clearing process as it commences the electronic cargo clearing process.
Lucozade Boost gets new Ad slogan, awards too
GlaxoSmithKline  Consumer (GSK) PLC has launched a new campaign slogan tagged: ‘Energizing the Nation’ for Lucozade Boost, even as Indulge organisation, a fitness cum healthy lifestyle advocate and organiser of the Indulge Wellness Awards has adjudged the product most healthy sport drink in the country.
