How Forex Restriction, Border Closure Could Unlock N1trn For Farmers   Despite the vast agricultural potential, Nigeria is a net food importer, with the vast majority of people engaged in agriculture operating at subsistence level. The country spends an average of US $22 billion (₦7.92 trillion)...

Forex Restriction: Milk Imports To Gulp N1.23trn Annually   Importers of whole powdered milk may have to part with as much as N1.23tn annually to import enough product to meet Nigeria’s supply shortfall of 1.1 million tonnes of milk, investigation has shown. The Federal Government recently added...

Textile Industry: NECA, Textile Union Support CBN On Forex Restriction The Nigeria Employers’ Consultative Association and the Senior Staff Association of Textile have expressed their support for the Central Bank of Nigeria’s recent restriction of forex to textile importers. The CBN Governor, Mr Godwin Emefiele, had...