LCCI tackles CBN over the exclusion of sectors from forex

“The boundaries of monetary policy need to be properly defined. ¬†Exclusion of sectors from the forex market is not a monetary policy issue. ¬†It is trade policy matter.” Mr Muda Yusuf, Director – General Lagos Chamber of Commerce and Industry, LCCI, said yesterday while reacting to the recent pronouncement by the Central Bank of Nigeria […]

Continue Reading

Forex Conservation through local sourcing

By Franklin Ocheneyi Today, 99 percent of our packaging materials are locally sourced from GZ Industries, Agbara Industrial Estate, Ogun State, and Glass Force Limited, Aba, Abia State   The Minister of Science and Technology, Dr. Ogbonnaya Onu, recently disclosed that between 2000 and 2015, Nigeria spent as much as N49 trillion to import raw […]

Continue Reading