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CBN asks importers to trade with yuan instead of dollar 

CBN bans forex for maize importation

  The Central Bank of Nigeria (CBN) on Monday ordered commercial banks to stop processing new Form M documents for maize imports with immediate effect. In a...

Emefiele

CBN restricts forex for milk importation, exempts six companies

The Central Bank of Nigeria (CBN) has added milk and dairy products to the list of items not eligible for forex. However, the bank exempted six companies from the...

FG to review revenue sharing formula

Do you support President Buhari’s ban on forex for food importation?

First, we must look at what warranted the banning of forex for food importation by President Buhari and in collaboration with the Central Bank of Nigeria (CBN). In the...

CBN asks importers to trade with yuan instead of dollar 

CBN: We’re implementing forex restriction order on food import

  Contrary to widespread speculations in some quarters that the Central Bank of Nigeria (CBN) is yet to work out modalities and timeline for the implementation of...

CBN asks importers to trade with yuan instead of dollar 

Emefiele vows to implement Buhari’s forex restriction order on food import 

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that President Muhammadu Buhari’s zero forex for food import order will be aggressively...

CBN blocks bank accounts of rice, textile smugglers

More items ‘ll be denied FOREX, says CBN Governor

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday said more items will soon be denied foreign exchange from government institutions and...

Buhari rejects Nigeria Maritime University bill

The raging controversy over withdrawal of forex for food imports

There has been considerable controversy regarding the recent directive by the President, Mohammadu Buhari, to the Central Bank of Nigeria to stop allocating foreign...

Buhari stops forex allocation for food importation

Buhari stops forex allocation for food importation

President Muhammadu Buhari Tuesday in Daura, Katsina State, disclosed that he has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for...

CBN asks importers to trade with yuan instead of dollar 

Do you support the move by Central Bank to restrict forex on milk importation?

Personally, I am in support of the plan by Central Bank to stop milk importation but I feel it is too early to ban the importation. We should rather delay it to...

CBN blocks bank accounts of rice, textile smugglers

NECA to CBN: Don’t ban forex for milk importation

The Nigeria Employers’ Consultative Association (NECA), on Thursday, advised the Central Bank of Nigeria (CBN) to suspend the planned foreign exchange restriction for...

Emefiele-Godwin-CBN

CBN tackles LCCI on forex restriction to textile importers

Central Bank of Nigeria Governor, Godwin Emefiele, on Monday said the recent measures announced by the apex bank to revive the Cotton, Garment and Textile sector was...

CBN bans textile importers from accessing forex

CBN bans textile importers from accessing forex 

The Central Bank of Nigeria (CBN) has barred commercial banks and Bureaux De Change (BDC) operators in the country from selling of foreign exchange for the importation...