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Nigerian Central Bank panel to revive textile firms
The Central Bank of Nigeria (CBN) recently set up a committee to revive the country’s cotton, textile and garment industry following the earlier restriction...
NACOTAN foresees higher cotton production in Nigeria
The National Cotton Association of Nigeria (NACOTAN) is targeting a cotton production output between 240,000 and 300,000 tonnes in 2019, its president Anibe Achimugu...
Nigeria’s new tailoring hub in Osun trains 80 youths
Around 80 youths were for three weeks trained in tailoring and fashion design at Nigeria’s new tailoring hub in Osun. The youths were trained...
Nigeria’s CBN restricts forex sale to textile importers
The Central Bank of Nigeria (CBN) has placed access to foreign exchange (forex) for all forms of textile materials on the Forex restriction list,...
Nigeria to save N 3.6 trillion in 5 yrs through NSCRM
Nigeria will save at least N 3.6 trillion in five years through the Natural Strategy for Competitiveness in Raw Materials (NSCRM), according to science...
Nigerian Braiding Manufacturers to continue operations
Kano-based Nigerian Braiding Manufacturers Limited (NBML) will continue operations despite its indebtedness to the tune of more than N1 billion, the Asset Management Corporation...
Nigeria losing revenue due to influx of cheap textiles
Nigeria’s cumulative value of textiles and garments imported or smuggled into the country is worth $4.2 billion, according to minister of state for industry,...
Record cotton production to drive West Africa exports
Cotton exports from West Africa for 2018-19 are projected to surpass last year’s record, driven by record production, according to the US department of...
Nigeria introduces transgenic cotton varieties
Nigeria recently introduced genetically-modified cotton varieties in the country to boost the textile industry. The country’s minister of science and technology Ogbonnaya Onu said...
Nigeria, China sign $2 bn MoU on cotton industry
Nigeria has signed a memorandum of understanding with Chinese firm Shandong Ruyi International Fashion Industry for an investment of $2 billion in Katsina, Kano,...
