Nigeria asks banks to give 60% of their Forex to manufacturing firms

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Nigeria asks banks to give 60% of their Forex to manufacturing firms
28 August 2016, Lagos — Nigeria’s central bank has asked commercial lenders to allocate 60 percent of their foreign exchange purchases to manufacturers, in a bid to boost their ability to pay for imports and boost the economy. Widespread dollar shortages, caused by a fall in oil revenues, have hit manufacturers’ ability to import raw […] More »
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