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CBN Adds Cotton, Textile to List of Items not Eligible for FX

By - - [Economy ]

The Central Bank of Nigeria (CBN) has added cotton and textiles to the list of items that are not eligible for foreign exchange with immediate effect.

Speaking at a stakeholders meeting Tuesday in Abuja, CBN Governor, Mr. Godwin Emefiele, said the decision was critical towards reviving the moribund sector and creating jobs for Nigerians.



The move is intended to make it difficult for importers of clothing materials to import them by denying them access for foreign exchange from official windows.

Details later…

https://www.thisdaylive.com/index.php/2019/03/05/cbn-adds-cotton-textile-to-list-of-items-not-eligible-for-fx/


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11 Comments Nigeria News
noblenajeeb• 2 weeks ago
Woow
Reply
Abdulrazaqmtanko1• 2 weeks ago
Ok
Reply
Ibnsalih• 2 weeks ago
Thanks for the update
Reply
Fatimabello• 2 weeks ago
Ok
Reply
Mayor11• 2 weeks ago
Ok
Reply
Danson92• 2 weeks ago
Ok
Reply
AdetolaAkomolafe• 2 weeks ago
Good
Reply
Jabless• 2 weeks ago
Ok
Reply
Donstefani• 2 weeks ago
Okay
Reply
innkayobami• 2 weeks ago
These people sha
Reply
Irphilippe• 2 weeks ago
Okay
Reply

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