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Nigeria loses $325m annually to textile smuggling

CBN threatens to blacklist illegal importers of textile 

The Central Bank of Nigeria (CBN) has threatened to blacklist individuals, banks and companies involved in illegal textile importation into Nigeria.  CBN Governor,...

Emefiele-Godwin-CBN

CBN tackles LCCI on forex restriction to textile importers

Central Bank of Nigeria Governor, Godwin Emefiele, on Monday said the recent measures announced by the apex bank to revive the Cotton, Garment and Textile sector was...

Nigeria loses $325m annually to textile smuggling

Do you support CBN ban on forex sale to textile importers?

This is like putting the cart before the horse. For the Federal government to say they are banning issuance of foreign exchange to textile companies is certainly not the...

CBN bans textile importers from accessing forex

CBN bans textile importers from accessing forex 

The Central Bank of Nigeria (CBN) has barred commercial banks and Bureaux De Change (BDC) operators in the country from selling of foreign exchange for the importation...

Emefiele

CBN bars textile importers from accessing forex

The Central Bank of Nigeria (CBN) on Tuesday announced the restrictions of sale of foreign exchange to importers of textiles and other clothing materials. The CBN...

Nigeria loses $325m annually to textile smuggling

Nigeria loses $325m annually to textile smuggling

The Federal Government is losing about $325 million revenue annually to the smuggling of textiles into Nigeria. The Minister of State for Industry, Trade and Investment,...

Textile

Non availability of Forex killing Nigeria’s textile industry, NTMA

The Nigerian Textile Manufacturers’ Association (NTMA) has warned that the industry would face extinction unless the Central Bank of Nigeria would allow manufacturers...

Nigeria loses $325m annually to textile smuggling

Nigeria spends $4bn annually on textile importation – Kwajaffa

Director-General of the Nigerian Textile Manufacturers Association (NTMA), Hamma Kwajaffa, has said that Nigeria spends $4billion dollars annually importing textiles and...

Textile import gulps N1.29trn yearly

The Nigerian Textile Manufacturers Association of Nigeria (NTMA) has revealed that Nigerians spend N1.29 trillion annually importing textiles and ready-made clothing....

Nigeria loses $325m annually to textile smuggling

Nigerians spend N1.29trn yearly importing textile materials 

The Nigerian Textile Manufacturers Association of Nigeria (NTMA) has revealed that Nigerians spend N1.29 trillion annually importing textiles and ready made clothing....