LCCI: CBN Policy on import payments will drive domestic industries underground 

♦Says it’s anti business sustainability, recovery  “It is impractical to expect all importers of raw materials, equipment, and other inputs to buy directly from the ultimate producer, manufacturer, or supplier, especially in an economy driven by SMEs.” With those words , the Lagos Chamber of Commerce and Industry,  LCCI, lent its voice to  calls by […]

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MAN to CBN : Don’t  eliminate middlemen  from Forex deals * Our reasons, recommendations

By Industrial Digest  The Manufacturers Association of Nigeria (MAN) has called on Central Bank of Nigeria (CBN) to reverse its policy of eliminating middlemen  from buying foreign exchange in its official SMIS window through FORM M. In a  circular dated August 24,2020,  CBN instructed that “Authorized Dealers are herby directed to desist from opening of Form M whose payment are […]

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