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 […]
Tinubu approves $75m investment in Flutterwave ahead of IPO
President Bola Tinubu has approved a $75 million investment into Flutterwave as plans are nearing completion for the company’s initial public offering (IPO).
NB outlines strategies for sustained growth, pricing shocks protection
By Yinka Kolawole Nigerian Breweries (NB) Plc has highlighted strategies aimed at sustaining the company’s growth and protecting customers from pricing shocks occasioned by rising inflation. Finance Director, NB Plc, Maria Karaseva, outlined the strategies at the company’s 80th pre-annual general meeting media briefing held in Lagos. According to her, three major external risks have been […]
Manufacturers fault World Bank’s proposal to reinstate petrol import licences
By Yinka Kolawole Manufacturers under the aegis of the Manufacturers Association of Nigeria have faulted the call by the World Bank for Nigeria to reinstate petrol import licences in order to stabilise fuel supply in the wake of the Middle East crisis. Reacting to the World Bank’s advice which it later clarified urging a reassessment in […]
VANGUARD ECONOMIC DISCOURSE: Farmers, food entrepreneurs brainstorm for sector growth
By Emeka Anaeto, Business Editor Nigeria’s agriculture and food sector is set for a major insight sharing on the performance of the sector and way forward at the upcoming Vanguard Economic Discourse. The 2026 edition of the Vanguard Economic Discourse is scheduled to hold this week, Wednesday, April 22, 2026 at the Civic Centre, Victoria Island, Lagos […]
No ban on airtime, data credit — FCCPC
The Federal Competition and Consumer Protection Commission (FCCPC) says it has not banned airtime borrowing or data advance services in Nigeria. The statement comes few days after MTN Nigeria said it was suspending its airtime and data credit advance service, popularly known as “Xtratime” in compliance with the Digital, Electronic, Online or Non-Traditional (DEON) consumer […]
