The Central Bank of Nigeria has expressed its readiness to support the refinery, fertiliser and petrochemical complex being built by Dangote Industries Limited in Lagos by providing foreign exchange for the importation of equipment. The central bank said the project, when completed, would fetch the country about $6bn in foreign exchange yearly through the export […]
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Cement Producers Association of Nigeria (CPAN) has urged the Central Bank of Nigeria (CBN) to reconsider its foreign exchange (forex) policy that compels exporters to sell their forex earnings at the CBN’s official exchange rate of N197 to the dollar instead of allowing them to sell at the open market. Speaking with The Nation, its […]
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Organised Private Sector in the country, has been said to have lost about N1.46 trillion in the last six months, following Federal Government’s policy on foreign exchange restriction, a development which has stalled business activities due to paucity of forex, the Lagos Chamber of Commerce and Industry (LCCI) has said. Reviewing the state of the […]
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