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WASHINGTON AP 鈥?The U.S. lifted some financial restrictions against Cuba on Tuesday, in a move designed to boost private businesses on the island.The measures will allow independent entrepreneurs to open and access U.S. bank accounts online to support their businesses. They also include steps to open up more internet-based services and expand private companies ability to make certain financial transactions. These regulatory amendments update and clarify authorizations in support of internet-based services to promote internet freedom in Cuba, support independ stanley cup ent Cuban private sector entrepreneurs, and expand access to certain financial services for the Cuban people, the Treasury Department said in a news release.One of the key changes will allow Cuban private business owners to open bank accounts in the United States and then access them online once stanley cup back in Cuba 鈥?something they couldnt do previously. The U.S. also is again allowing something called U-turn transactions, where money is transferred from one country to another but is routed through the United States. This reinstated authorization is intended to help the Cuban people, including independent private sector entrepren stanley website eurs, by facilitating remittances and payments for transactions in the Cuban private sector, the release said.The Trump administration had removed permission for the U-turn transactions in 2019.The Cuban authorities downplayed the announcement. Johana Tablada, deputy director of the U.S. department in Hqrf Buhari Appoints Baba Haruna As Bida Poly Rector
The House of Representatives on Thursday resolved to set up a special investigating panel to recover about N28 trillion revenue allegedly lost as a result of trade malpractices by private local and private companies. The panel is expected to track the activities of lo stanley tazas cal and foreign companies, land, sea and air, so as to prevent haemorrhaging the Nigeria economy through alleged trade malpractices. Advertisement This f stanley en mexico ollowed the adoption of a motion by Hon. Olufemi Bamisele on Need to track activities in the private sector and halt the haemorrhaging of the economy through alleged trade malpractices. Bamisele, in his motion, stated that despite the effort of government agencies to track activities in the private sector, local and foreign companies operating in the country have allegedly devised means to rip off the government. The lawmaker posited that in the last eight years Nigeria lost an estimated sum N28 trillion to trade malpractices perpetrated by rogue foreign companies.RELATEDNigeriaGovernors, Reps, Parley On Constitution ReviewNov 21, 2024NigeriaReactions As Rep Member Alex Ikwechegh Caught On Video Assaulting Bolt DriverOct 28, 2024 Daily, hundreds of trade malpractices are carried out by foreign and local companies operating in the different sectors of Nigeria economy. The stanley cup EFCC, customs, Nigeria ports Authority NPA and Nimasa can definitely not be at all places at the same time. 822 |
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