cbn bans textile materials in forex news

An economic and financial analyst, David Ibidapo, has thrown his weight behind the Central Bank of Nigeria (CBN) decision to ban further allocation of scarce foreign exchange on importation of textiles and garments into the country. Mr Ibidapo told the News Agency of Nigeria (NAN) on Sunday in...

The Central Bank of Nigeria (CBN) has placed access to foreign exchange for all forms of textile materials on the FOREX restriction list, the bank’s governor, Godwin Emefiele, announced in Abuja on Tuesday. Mr Emefiele made the announcement during a meeting with textile industry operators. He...