Breaking News
Translate

Breaking: CBN restricts sale of forex to importers of textiles

The Central Bank of Nigeria, CBN, has directed commercial banks and Bureau the Change operators to, immediately, stop sale of forex to import textiles and clothing materials in the country.

CBN
Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele

Where is $7bn CBN placed with 14 Banks?

The CBN governor, Mr Godwin Emefiele revealed the directive to newsmen on Tuesday in Abuja during a meeting with stakeholders in the cotton sector of the economy.

According to him, the restriction will help to encourage the growth of the textile and cotton industry in Nigeria.

Details soon…

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!