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CBN’s new forex guidelines clears import of up to $10,000 without declaration
Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange (forex) Guidelines which provides that an individual can export $50,000 cash. The only condition, according to the Guidelines, released, Friday, is that such cash must be declared at the point of…
Heirs Energies’ $750m deal wins global finance award
Frank Okon Heirs Energies Limited, Africa’s leading indigenous-owned integrated energy company, has earned international recognition after its landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA…
Supreme Court dismisses suit challenging Unity Bank/Providus Bank merger for lacking merit
Supreme Court has effectively ended the long-standing dispute over the proposed merger between Providus Bank Limited and Unity Bank Plc, as a unanimous judgement of the apex court set aside an Appeal Court ruling opposing the transaction. In a unanimous…
