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 […]
LCCI tasks FG on reforms to unlock manufacturing growth
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has called for urgent reforms to address persistent constraints in Nigeria’s manufacturing sector, warning that weak fiscal management, poor budget execution, and structural bottlenecks continue to undermine economic growth. President of LCCI, Engr. Leye Kupoluyi, who spoke in Lagos during the Chamber’s quarterly media […]
POWER SECTOR CRISES: Band regime collapses, DisCos miss delivery targets
•Consumers now pay more for less •Output stuck at 3,000MW •We don’t enjoy Band A benefits — Customers •Band classification is lazy attempt to solving problem — Consultant By Udeme Akpan, Energy Editor, Emma Uja & Dan Abia Nigeria’s electricity Band classification regime is fast unraveling, as power supply across major cities falls significantly below promised levels, […]
Why agriculture must wear a new face — Xtralarge boss
By Cynthia Alo The Group Managing Director of Xtralarge Farms and Resorts, has called for a radical transformation of Nigeria’s agricultural sector, urging stakeholders to “re-adorn” farming and reposition it as a profitable, modern enterprise capable of driving food security and economic growth. Speaking at the 2026 Vanguard Economic Discourse in Lagos, the agribusiness leader […]
FCT court dismisses suit against Parallex Bank
A Federal Capital Territory High Court has dismissed the suit filed by, FHT Mega Express Limited, the logistics firm, against Parallex Bank Limited over a N4.5 billion debt. The logistics firm had claimed N7.1billion against the Bank. In the suit, the Court upheld Parallex Bank’s preliminary objection that the case amounted to a gross abuse of […]
LCCI tasks FG on weak budget execution, delays in fund releases
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has called for improved fiscal management even as it warned that weak budget execution and delay in release of funds remain critical challenges to the economy. President of LCCI, Engr. Leye Kupoluyi, who made the call yesterday, in Lagos, during a quarterly media conference on […]
