Local Content: FG To Ban Importation Of Steel Products   The federal government on Thursday said that it is considering total ban on steel importation to encourage local steel manufacturers. This is as it reiterated its commitment to encourage local investors in mine and steel sector,...

CBN Restricts Forex For Cassava Products Importation The Central Bank of Nigeria has said it will no longer provide foreign exchange for the importation of cassava, starch, ethanol and all other derivatives into Nigeria. The CBN Governor, Mr Godwin Emefiele, said this during a meeting with...

Shipowners Support FG’s Move To Ban Importation Of Foreign Built Vessels   Ship owners and major stakeholders in the maritime industry have applauded the federal government’s plan to ban the importation of foreign built vessels into Nigeria, in its bid to promote ship-building in the country. The...

Importation Ban On Tomato Paste Lacks Enforcement - Erisco Boss   The President and Chief Executive Officer, Erisco Foods Limited, Chief Eric Umeofia, has lamented the poor implementation of the ban placed on importation of tomato paste by the government. The Federal Government had in March 2017...

Nigerians Spend $8bn Annually On Vehicle Importation – Osinbajo   Vice President Yemi Osinbajo said in Abuja that Nigerians spent about $8bn, annually, on importation of vehicles. Osinbajo, who was represented by the Director-General, National Automotive Design and Development Council, Jelani Aliyu, disclosed this at the 19th...

Nigeria Spends $2bn Annually On honey Importation - FG Nigeria spends over $2bn annually on the importation of honey, the Federal Government has said. According to a report put together by officials of the Federal Ministry of Agriculture and Rural Development, Nigerian Export Promotion Council and...