BREAKING: CBN PROHIBITS FOREX SALE TO IMPORTERS OF TEXTILES

The Central Bank of Nigeria on Tuesday announced the restrictions of sale of foreign exchange to importers of textiles and other clothing materials.

The CBN Governor, Mr Godwin Emefiele, said this in Abuja during a meeting with stakeholders in the cotton value chain.

He said the restriction which takes immediate effect was to encourage the growth of the textile and cotton industry.

According to him, banks and dealers in the foreign exchange market are prohibited from selling forex to those seeking to import textiles and clothing materials.

Check Also

Osun Gets New Head Of Service. See His Profile

Osun State Governor, Sen. Ademola Adeleke has approved the appointment of Mr Samuel Ayanleye Aina …

Breaking!!! Governor Adeleke Appoints Aina as Head of Service

Abdulraheem Adekilekun05/12/2022 Osun State Governor, Senator Ademola Adeleke has approved the appointment of Mr. Samuel …

Brazil Thrash Korea 4-1, To Meet Croatia in QF

Brazil delivered an ominous message to their World Cup rivals with a dazzling display of …

Leave a Reply

Your email address will not be published.