Nigerian manufacturers battling stunted growth blame forex scarcity
The manufacturing sector has seen woeful growth in the last five years, and a key problem is businesses can t find the dollars to import raw materials. 7 min read
Defying the intensity of the afternoon sun, Kazeem Ariyo walked briskly out of the premises of his bakery with palpable anger. He had just been informed that one of his retail vendors rejected hundreds of loaves of bread supply because the retail price offered was not “profitable”.
Mr Ariyo, 45, is a baker operating from the Ajah axis of Lagos. In recent times, however, he has had tough times convincing his wholesale and retail vendors about the rising prices of baking materials.
ABCON Says BDCs Still Providing FX Services, to Meet CBN over Suspension of Allocation
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Expert accuses BDCs, Banks of rent-seeking behaviour money laundering
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BDC ban: A step in the right direction but… - By:
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CBN bans sales of forex to Bureau De Change Operators
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