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Maroc Maroc - THEPARADISE.NG - A La Une - 14/Feb 07:10

CBN Advises Telecom Operators To Reduce Reliance On Dollar

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has advised telecom operators to reduce their reliance on foreign exchange for their operations. Cardoso urged the telecom providers to resort to backward integration in the telecommunications sector. The apex bank’s boss said this during a courtesy visit to CBN headquarters by Airtel Africa’s management team, led by Group Chief Executive Officer Mr Sunil Taldar. He emphasised the need to localise key supply chains while expanding financial services to benefit ordinary Nigerians. Cardos “emphasised the need to reduce the sector’s reliance on foreign exchange.” According to Cardoso, the CBN Read Full Article At: CBN Advises Telecom Operators To Reduce Reliance On Dollar

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