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

By - - [ ]

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• 4 months ago
Woow
Reply
Abdulrazaqmtanko1• 4 months ago
Ok
Reply
Ibnsalih• 4 months ago
Thanks for the update
Reply
Fatimabello• 4 months ago
Ok
Reply
Mayor11• 4 months ago
Ok
Reply
Danson92• 4 months ago
Ok
Reply
AdetolaAkomolafe• 4 months ago
Good
Reply
Jabless• 4 months ago
Ok
Reply
Donstefani• 5 months ago
Okay
Reply
innkayobami• 5 months ago
These people sha
Reply
Irphilippe• 5 months ago
Okay
Reply

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