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Textile manufacturers target massive fabric production to revive industry - Vanguard News NigeriaThe Nigerian Textile Manufacturers Association (NTMA) has set a 1.7-billion metre finished fabric production sector target for 2019 to resuscitate the industry and increase its contribution to the nation’s gross domestic product.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
LCCI Asks FG To Reconsider FOREX Policy On Textile Industry – Channels Television
Source: channelstv - 🏆 7. / 63 Read more »
At Last, A Glimmer of Hope for Textile, Garment Industry - THISDAYLIVEThe planned intervention of the Central Bank of Nigeria (CBN) in the moribund cotton, textile and garment industry comes as a huge relief to operators and represents the right step in the right direction towards actualising the Economic Recovery and Growth Plan (ERGP) of the current administration although policy consistency remains crucial, writes James Emejo … I don't know if this CBN governor has sense at all. Instead of them addressing what made the texile industry fail in Nigeria they are placing embargo on its importation. Is their power in Nigeria? Is there infrastructure or cheap financing that supports industrialisation?
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
CBN imposes forex restriction on textile imports, unveils measures to revamp industry - Vanguard News NigeriaThe Central Bank of Nigeria (CBN) has imposed foreign exchange restriction on importation of textile and textile materials into the country.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Unlocking $6bn annual potential of a dying textile industryFrom 180 textile mills in the past to about 20 today, the Nigerian textile industry has journeyed from boom to bust. DAYO OKETOLA analyses the Central Bank of Nigeria’s foreign exchange restriction...
Source: MobilePunch - 🏆 8. / 63 Read more »
Forex: Textile exclusion threatens fashion industry – LCCI – Daily TrustThe recent pronouncement by the Central Bank of Nigeria (CBN) on the exclusion of textile materials from the forex market has grave implications for businesses in the fashion, tailoring, fashion accessories and garment industry in the country. The Lagos Chambers of Commerce and Industry (LCCI) said this yesterday in a statement signed by its Director …
Source: Daily Trust - 🏆 13. / 51 Read more »
FG, Islamic Bank seal N185m funding pact for textile industry, Hajj commissionSo, the FG is still deepening us into more debt. Incuring grant for Hajj commission, when FG should rather hands off religious pilgrimages. Northern impact, nothing to do with the rest 5% that didn't vote mbuhari elections
Source: MobilePunch - 🏆 8. / 63 Read more »