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Lafarge Afric Boosts Operations With 155 Trucks

Lafarge Africa  Boost Operations With 155 Trucks By Adigun Omodele & Akinola Ajibade  Lafarge Africa, a leading innovative and sustainable building solutions company, has reaffirmed its commitment to supporting customer growth  and Operational Excellence by allocating 155 trucks to its drivers. The aim is to encourage its logistics capabilities in the industry. This initiative underscores Lafarge Africa’s dedication to empowering customers and fostering long-term partnerships built on mutual growth and success. Speaking at the event, Lafarge's Commercial Director, Mr Babatunde Onimowo described the initiative as transformative for the company and its customers. Onimowo who was represented by the Firm's Head of Sales Babatunde Odufote said the  scheme is transformative for the organisation and its customers.  “Today marks a transformative moment in Lafarge Africa's unwavering commitment to its  customers' success. These trucks are more than just vehicles...
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Nigerians In Diaspora Will Enjoy Full Repartition 0f Funds, Says CBN


(By Favour Ifeoluwa & Akinola Ajibade)

The Central Bank of Nigeria (CBN)  yesterday (Friday) introduced  Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA) which aim at enhancing foreign capital inflows through investments and remittances by Nigerians in the diaspora.

According to CNN, the NRNOA enables Non-Resident Nigerians (NRNs) to remit their foreign earnings to Nigeria and manage funds in both foreign and local currencies, the NRNIA enables citizens living abroad to invest in assets in Nigeria in either foreign currency (FCY) or Naira.

The new central bank policy was conveyed in a circular dated January 10, 2025, and signed by CBN acting Director, Trade and Exchange Department, Dr. W.J. Kanya, which was addressed to all Authorised Dealer Banks (ADBs) and the public.

The apex bank further unveiled framework to guide the implementation of the policy.

Under this policy, account holders may maintain both a FCY account and/or a local currency account to facilitate transactions and participate in diverse investment opportunities, the apex bank stated.

Among other benefits, the CBN said the initiative would improve access for NRNs to opportunities in the Nigerian economy and increased contribution of diaspora community to the country’s socio-economic development.

 

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