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BREAKING: CBN bans importation of textile materials

Central Bank of Nigeria (CBN) on Tuesday added textile to the list of 42 items ineligible for officially sourced forex. At a meeting with stakeholders in the cotton and textile value chain in his office, Emefiele promised tough times for smugglers of textile materials. ALSO READ: Emefiele inspects dollar sales, visits First Bank, UBA, Zenith “Recalcitrant […]
The post BREAKING: CBN bans importation of textile materials appeared first on Tribune Online. …

Why textile sector needs lower forex rate, by Karu, TGTSSAN president

Why textile sector needs lower forex rate, by Karu, TGTSSAN president

“When the industry was truly thriving without much challenges as it is today, Nigeria witnessed a boom in the textile sector.” Bimbola Oyesola There are so many challenges facing the textile industry, which once was the major employer of labour in the country. Comrade Ambi Karu, national president, Textile, Garments and Tailoring Senior Staff Association of […]
The post Why textile sector needs lower forex rate, by Karu, TGTSSAN president appeared first on The Sun Nigeria. …

Is FG doing enough to revive textile industry?

Is FG doing enough to revive textile industry?

The Federal Government has made some investments towards reviving the textile industry but a lot still needs to be done. The textile industry is a viable sector that can provide millions of jobs for Nigerians. It also has the capacity to create thousands of jobs for individuals involved in direct and indirect businesses along the […] …

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