Tag: Forex
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FG Pledges Increased Forex Sale to Manufacturers
The Federal Government through the Minister of Industry, Trade and Investment, Niyi Adebayo, has assured manufacturers of its support to enable them to get good returns on their investments. The minister, who gave the assurance while playing host to a delegation of Expand Global Industries Limited, pointed out that although many manufacturing companies were battling…
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CBN Halts Forex Sales To Bureau De Change Operators
The Central Bank of Nigeria (CBN) has banned the sales of foreign exchange (forex) to the Bureau De Change (BDCs) operators throughout the country. Godwin Emefiele, the governor of the CBN made this known to the public at the Monetary Policy Committee meeting in Abuja on Tuesday. The apex bank boss said the bank received…