Posts Tagged ‘Textile Industry’

@cenBank Sets Up Committee to Revive 50 Textile Firms in 4 Years

by Ikokwu Ikembaon May 18, 2019
Following the earlier restriction of official forex supply to textile importers to boost local cotton/textile production, the Central Bank of Nigeria (CBN) yesterday set up a committee for the revival of the country’s cotton, textile and garment industry. While setting up the Textile Revival and Implementation Committee (TRIC) in Abuja, the Governor of the CBN, […]

CBN goes tough on smugglers of textile materials

by Ikokwu Ikembaon May 6, 2019
The Central Bank of Nigeria (CBN), Monday in Katsina went tough on smugglers of Textile materials and their accomplices, threatening to blacklist individuals, banks and corporate bodies found to be encouraging the practice in any way. The CBN Governor, Mr. Godwin Emefiele who made the above declaration Monday during the official flag off of the […]

BUHARI MAGIC | Textile Industry in Comatose, 700,000 workers lose jobs.. 104 companies closed

by Breaking Timeson October 17, 2016
Nigeria’s econom­ic downturn has continued to take a heavy toll on the country’s overall socio-politi­cal development. One of the hardest hit sec­tors over the years has been the textiles industry – a situa­tion which has been worsened by the current economic reces­sion. Investigations indicate that out of 134 thriving textiles factories in the country, a […]