Concerns Arise as Forex Ban Reversal Poses Potential Setback for Nigerian SMEs | NC Now | 25-10-23

Uploaded by Byron Jones on October 28, 2023 at 7:10 pm

Host: Dashen Hussaina Usman
News Central’s Correspondent, Perpetua Fasanmi-Peter, gives us more details.

Small and Medium Enterprises (SMEs) in Nigeria have expressed apprehension that the recent lifting of the forex ban on 43 specific items could jeopardise the progress achieved in the sectors associated with these goods.

This development coincides with the House of Representatives’ call for the Governor of the Central Bank of Nigeria, Yemi Cardoso, to appear before the Committee on Regulatory Banking, Finance, and Customs. The purpose of this appearance is to provide an explanation for the rationale behind the decision to lift the forex ban.

For more on this, News Central’s Perpetua Fasanmi-Peter provides further insights into the matter.

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Concerns Arise as Forex Ban Reversal Poses Potential Setback for Nigerian SMEs | NC Now | 25-10-23

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