Publication Date: 2020-07-10
The Manufacturers Association of Nigeria has appealed to the Central Bank of Nigeria to exempt outstanding credit commitments to foreign suppliers of raw materials from the unified exchange rate. MAN President, Mansur Ahmed, on Thursday, urged the CBN to consider unpaid credit from the second quarter of 2019 till date, which had been agreed with suppliers at 345 naira per dollar. According to him, this will allow banks redeem their obligations to foreign suppliers on behalf of manufacturers at between 330 naira and 360 naira per dollar. Learn more about your ad choices. Visit megaphone.fm/adchoices
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