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 […]
FRC unveils incentives to grow actuarial workforce
The Financial Reporting Council of Nigeria (FRC) has unveiled a range of incentives aimed at boosting the country’s actuarial workforce, as it moves to address what it described as a critical shortage of certified professionals. Speaking at Lagos State University of Science and Technology (LASUSTECH), Ikorodu, Former Head of Directorate of Audit Practice Standards, FRC, Mr. […]
REFINERIES: NUPENG demands results over FG, China partnership
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called on the Federal Government (FG) and the Nigerian National Petroleum Company Limited (NNPCL) to ensure that the newly signed partnership with Chinese firms for the rehabilitation of the Warri and Port Harcourt petrol refineries delivers concrete results, saying Nigerians are tired of repeated promises […]
Recapitalisation: 15 insurers verified, 9 still under review
As the insurance sector recapitalisation exercise gathers momentum, about 15 firms have so far successfully undergone capital verification out of the 24 firms approved by the National Insurance Commission (NAICOM).
Access Holdings clarifies dividend position amid strong 2025 earnings
By Peter Egwuatu Access Holdings Plc has reaffirmed its commitment to long term shareholder value and sustainable returns, following a strong performance in the 2025 financial year, while providing clarity on the rationale for the non payment of dividends for the year ended December 31, 2025. The clarification was provided during the Group’s full year 2025 […]
Price of 50kg local rice rises 20.5% to N112,000 —NBS
By Elizabeth Adegbesan THE National Bureau of Statistics, NBS, said the average price of 50kg local rice (short grains) rose by 20.5 percent in March 2026 to N112,000 from N92,946 in February 2026. NBS disclosed this yesterday in its Selected Food Price watch report for March 2026. However, recent findings by Vanguard showed that the price […]
Electricity workers face threats as system crumbles, Labour laments
By Victor Ahiuma-Young Organised Labour in the nation’s electricity industry has raised alarm over worsening insecurity, deepening poverty, and what they describe as a collapsing power sector, claiming that these are pushing them to the brink. Under the umbrella of the National Union of Electricity Employees, NUEE, they lamented that its members are increasingly exposed to […]
First Bank named Nigeria’s strongest brand in 2026 by Brand Finance
First Bank, West Africa’s premier financial institution and financial inclusion service provider, has been recognised as the strongest brand in Nigeria in the “Nigeria 25 2026” ranking by Brand Finance, a leading independent brand valuation and strategy consultancy. The Bank achieved an AAA+ rating, the highest possible distinction, underscoring its unmatched brand strength and leadership […]
URUS tackles livestock products deficit with innovative solutions
Amid a worrying deficit in local milk and meat production which fuels dependency on import of livestock products, URUS Group is pushing forward a suite of innovations to boost local production to meet nutritional demands.
Nestoil: We are not responsible for banks’ failure to pay dividend
Nestoil Limited yesterday rejected what it described as a coordinated campaign of blackmail allegedly driven by First Bank of Nigeria and its Chairman, following publications in The Guardian, The Nation, Leadership, Vanguard, Nairametrics, TheCable, and some other online platforms linking banks’ dividend suspension to a purported debt owed by the company. The indigenous energy firm said […]
How Customs CG is facilitating trade, boosting business in the South-East of Nigeria
By Okey Ibeke Since assuming office as Comptroller-General of the Nigeria Customs Service in June 2023, Bashir Adewale Adeniyi, in line with President Ahmed Tinubu’s Economic and Renewed Hope Agenda, has been intentional in pursuit of policies that repositioned the Service from a traditional revenue-collecting agency to a reform-driven institution. The policies, anchored on three pronged […]
