‘Forex interventions impacting backward integration negatively’
The Manufacturers Association of Nigeria (MAN) has stated that the average performance of local raw-materials utilization among operators in the country is due principally to poor access to credit
Specialists, association suggest ways to make cocoa highest forex earner in Nigeria
Cocoa Farmers’ Association of Nigeria (CFAN), breeders and administrators have challenged the government to revive cocoa production as a top foreign exchange earner with proactive interventions.
How rates’ unification will enhance transparency, attract FDI
Experts in the financial services sector have renewed calls for a speedy unification of the nation’s exchange rate, as a way to enhance market transparency...
Impulse start-up to assist African smallholder farmers
African smallholder farmers are set to benefit from Impulse Start-up Accelerator program.
Stakeholders react to forex restriction on food items
Following fresh advisory by the Federal Government on restriction of foreign exchange (Forex) on food imports, there is growing concern that the policy might create scarcity for some ‘all-important’ food items.
Stakeholders seek clarification of forex ban for food import
Industry stakeholders have called for further clarification on the recent pronouncement by President Muhammadu Buhari that Nigeria has attained food security...
Forex intervention: CBN injects $280.04m, CNY 28.3m into retail market
The Retail Secondary Market Intervention Sales (SMIS) on Friday received a boost of 280.04 million dollars from the Central Bank of Nigeria (CBN).
‘Over-regulation, access to ports, power affecting local production’
Despite government’s ease of doing business initiative, local manufacturers have decried poor pace of productivity as a result of lingering challenges not limited...
NECA seeks suspension of forex restriction on milk importation
Following plan by the Central Bank of Nigeria (CBN), to restrict of foreign exchange (Forex) for milk importation, the Nigeria Employers’ Consultative Association (NECA), has urged the apex bank to suspend the policy, as it has the potential of crippling businesses with attendant job losses.