-
Nigeria: Central Bank of Nigeria Blocks Forex for Textile Importation
Premium Times, 5 March 2019
The Central Bank of Nigeria (CBN) has placed access to foreign exchange for all forms of textile materials on the FOREX restriction list, the bank's governor, Godwin Emefiele,… Read more »
Shake-Up for Nigeria's Textile Industries
A whopping U.S.$4 billion is spent annually on importing textiles into the country. With the growing campaign to buy locally manufactured goods, the Central Bank of Nigeria has placed restrictions on textile importers by ensuring that they are no longer able to access foreign exchange through the forex market.
InFocus
-
The transgenic or genetically modified cotton seed which is aimed at boosting the textile industry, will produce higher yields and better pest-resistant varieties, the Minister of ... Read more »
-
Close to 10 percent of the world's cotton comes from Africa. Most of this cotton is then taken to Asia for further manufacturing. Could Africa's textile industry make a comeback, ... Read more »
