Central Bank of Nigeria supports four dairy products manufacturers

NIGERIA – Four dairy products manufacturers in Nigeria have commenced local production of milk under the livestock development initiative by the Niger state in partnership with the Central Bank of Nigeria. The initiative is in […]

CBN restricts sale of forex for importation of Cassava and its derivatives

NIGERIA – CBN adds cassava and its derivatives (starch, ethanol and others) to forex restriction list to boost production, of which importation gulps US$600 million annually. The CBN Governor, Mr Godwin Emefiele noted that Nigeria […]

CBN mulls ban on forex for dairy imports into Nigeria to boost local production

NIGERIA – The Central Bank of Nigeria (CBN) is said to be undertaking reforms that will restrict foreign exchange availability for dairy imports in a bid to boost local production and investment in ranches. Against […]

Nigeria to partner local varsities in US$100.37m programme to revive poultry sector

NIGERIA – The Central Bank of Nigeria (CBN) has unveiled a US$100.37 million (N36 billion) university-based programme that seeks to revive the country’s poultry sector. The programme will provide infrastructure that will support sustainable production […]