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 […]
