FOREIGN EXCHANGE – Pensioners FM

Pharmaceutical multinationals left Nigeria because of forex scarcity – PMG-MAN

News Room10 months ago10 months ago07 mins

The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) bemoaned the paucity of foreign exchange in the country, saying it had negatively affected the local pharmaceutical industry. They attributed fluctuations in forex as major reason for the exit of some pharmaceutical multinationals from Nigeria. The group raised concerns at a news conference in…

CBN’s lifting of restrictions on 43 items will affect economy- Expert

News Room2 years ago2 years ago010 mins

Experts and Organised Private Sector (OPS) operators yesterday hailed the decision of the Central Bank of Nigeria (CBN) to lift foreign exchange (Forex) restrictions on the importation of 43 items. They said the move would create jobs and strengthen the economy. The apex bank explained that with the move, importers of rice, maize and wheelbarrows…