Manufacturers forex backlog Archives

Headlines

Obasanjo Prays for Dangote, Says ‘You Are My Boss’
2 days ago2 days ago
Commodity Prices Friday September 25
1 week ago1 week ago
48 Years After, ETLS Still Posing Challenges to Nigerian Exporters
1 week ago1 week ago
China Urges Nigeria to Join Global AI Body, Tap Technology Opportunities
1 week ago1 week ago
Edo Moves To Revive Pharmaceutical Company Thru PPI
1 week ago1 week ago
MAN Urges CBN To Cut 45% CRR To Unlock Funds For Manufacturers
1 week ago1 week ago
Airtel Money Shifts Listing On London Stock Exchange Till October
1 week ago1 week ago
CBN’s 23% Rate Cut Still Insufficient — MAN •Seeks sub-15% MPR, cheaper credit
1 week ago1 week ago
CBN Cuts Interest Rate To 23%,Citing Economic Stability
2 weeks ago2 weeks ago
Football fans shown 65,000 junk food ads at World Cup -report
2 weeks ago2 weeks ago

BMOs

Manufacturers Lament Banks Harassment and Freezing of Corporate and Personal Accounts

Franklin Ocheneyi1 year ago1 year ago04 mins

A worrisome case in point is the ongoing forex forward-related dispute involving KAM Industries Nigeria Limited, a leading manufacturer in the steel sector in West Africa a member of the Association, and one of the commercial banks in Nigeria.

Minister To Engage CBN on Manufacturers $2.4bn Forex

indus-admin3 years ago3 years ago01 mins

The Manufacturers Association of Nigeria(MAN) requested the Honourable Minister of Industry, Trade, and Investment, Mrs Doris Uzoka-Anite to intervene in the $2.4 billion forex forward contracts of manufacturing concerns allegedly declared invalid by the Central Bank of Nigeria (CBN). The request was made during a crucial meeting with the Minister on the unpaid $2.4 billion…