• CBN amends rule for investment in forex inflow

    CBN amends rule for investment in forex inflow

    In its relentless efforts to boost liquidity in the foreign exchange (forex) market, the Central Bank of Nigeria (CBN) has amended its forex rule to accommodate portfolio investment by Nigerians who import hard currency through an authorized channel.

    A circular by the acting Director of the apex bank in charge of Trade & Investment, W D Gotring , to all authorized dealers and general public on Friday, states that “In the continued effort to encourage portfolio investment in Nigeria, resident Nigerian […]

  • Delta Assembly Amends Punishment For Kidnapping From Death Penalty To Life Imprisonment

    Delta Assembly Amends Punishment For Kidnapping From Death Penalty To Life Imprisonment

    The Delta State House of Assembly on Wednesday in Asaba approved life imprisonment for any person convicted of kidnapping in the state. This followed the amendment of the Delta State Anti-Kidnapping Law 2016.

    Governor Ifeanyi Okowa in a letter to the House appealed for reconsideration of Section 4, Sub-Section 1 of the Delta State Anti-Kidnapping Law, 2016 as passed by the House, which made provision for death penalty.

    “The Right Honourable Speaker and Honourable Members of the House are aware that death […]