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MapMyIndia plans Rs 1,200 cr IPO at Rs 6,000 cr valuation: Sources

MapMyIndia plans Rs 1,200 cr IPO at Rs 6,000 cr valuation: Sources
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Trade Restrictions Policy to Protect Local Industries, Emefiele Tells Okonjo-Iweala


•WTO DG proposes remedies
By Emma Okonji in Lagos and James Emejo
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that it was meant to protect local industries from unfavourable competition and to create jobs for Nigerians.
He said with the country’s high unemployment rate, it was inevitable to create job opportunities and provide an enabling environment for the unemployed to live a gainful life.
Besides, the CBN and other stakeholders have resolved the disagreement between Mobile Network Operators (MNOs) and Deposit Money Banks (DMBs) over service charge for the use of the Unstructured Supplementary Service Data (USSD) offered banks by telecoms operators (Telcos). ....

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