Only six firms will be allowed to import milk in Nigeria, CBN says

NIGERIA – The Central Bank of Nigeria has given approval to six dairy companies to import milk into the country. CBN in a statement signed by Director, Trade and Exchange Department, Dr Ozoemena Nnaji said […]

Central Bank of Nigeria introduces new policy to regulate milk importation

NIGERIA – The Central Bank of Nigeria (CBN) has banned commercial banks and other authorised dealers from accepting Bills for Collections as means of payment for milk importation and its related products. Under the new […]

Nigeria’s President directs central bank to halt forex provision for food imports

NIGERIA – President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for food importation in a move that seeks to improve agricultural production and enable Nigeria attain food […]

CBN defends proposed policy on forex restriction to milk importers

NIGERIA – The Central Bank of Nigeria (CBN) has clarified its proposed policy with regards to milk importation, maintaining that it does not intend to impose a ban on milk importation. The bank noted that […]