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MAN to CBN: Reverse new...

Story from Kenneth AFOR, Lagos The Manufacturers Association...

MAN to CBN: Reverse new policy of destination payment for all Form ‘M’ Letters of Credit

Story from Kenneth AFOR, Lagos The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to reverse its new policy of destination payment for all Form 'M' and Letters of Credit and other forms of credit. The association says the policy if implemented would hamper the productivity of manufacturers in the country who depend heavily on importation of raw materials and equipment into the country. This was conveyed in a press release dated Wednesday, August 25, 2020, obtained by Neptune Prime. MAN stated that it appreciates the apex bank's...

MAN to CBN:...

Story from Kenneth AFOR, Lagos The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to reverse its new policy of...
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