CBN’s non-redemption of $2.4b forex forward contracts threat to manufacturing —MAN

Tribune Online CBN’s non-redemption of $2.4b forex forward contracts threat to manufacturing —MAN The Manufacturers Association of Nigeria (MAN) has described the inability of the Central Bank of Nigeria (CBN) to honour a legally- binding foreign exchange (forex) forward obligations as posing grave danger to the nation’s manufacturing. The apex bank recently announced its inability to honour $2.4 billion worth of forward contracts due to an ongoing investigation […] CBN’s non-redemption of $2.4b forex forward contracts threat to manufacturing —MAN Tribune Online

  News   Aug 12, 2024   0   7  Add to Reading List
CBN’s non-redemption of $2.4b forex forward contracts threat to manufacturing —MAN
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Tribune Online
CBN’s non-redemption of $2.4b forex forward contracts threat to manufacturing —MAN

The Manufacturers Association of Nigeria (MAN) has described the inability of the Central Bank of Nigeria (CBN) to honour a legally- binding foreign exchange (forex) forward obligations as posing grave danger to the nation’s manufacturing. The apex bank recently announced its inability to honour $2.4 billion worth of forward contracts due to an ongoing investigation […]

CBN’s non-redemption of $2.4b forex forward contracts threat to manufacturing —MAN
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