After four months of intense engagement by stake holders, the Central Bank of Nigeria (CBN) eventually yielded to sound reasoning and released a circular, allowing importers of the restricted 41 items, that have letters of credit opened prior to the policy change, access to the foreign exchange market. The CBN had ...

The manufacturing industries in Nigeria have trudged on in the midst of the peculiar challenges that have plagued them over the years. Key amongst the numerous challenges are; (i) Inadequate infrastructure, particularly the lack of power supply (ii). High financing costs (iii). Poor transport infrastructure. The ever present challenge of power supply have ...