Post Tagged with: "CBN $2.4billion Forward Contract"

Why CBN’s non-redemption of $2.4b forex contracts poses great danger to manufacturing – MAN

Why CBN’s non-redemption of $2.4b forex contracts poses great danger to manufacturing – MAN

News August 15, 2024 at 5:45 am 0 comments

. The Manufacturers Association of Nigeria (MAN) has said the inability  of the Central Bank of Nigeria (CBN) to honour  the lingering $2.4billion worth of forward contracts remains a great threat to the nation’s manufacturing sector, since businesses in the sector now face the grim prospects of either shutting down or downsizing their operations, due to the financial disruptions theRead More