Daily Archives: August 19, 2019

CBN to expand forex restriction list on food items, echoing president’s order

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that the apex bank will soon add more items to the list of 43 items that are barred from receiving foreign exchange (forex) from banking sources.

Emefiele made the statement on the sidelines of the presidential retreat for new ministers in Abuja on Monday. He said that banks will not go back on the directive of President Muhammadu Buhari on food importation into the country.

No ban or restrictions on food imports – Buhari

President Muhammadu Buhari on Sunday said there was no truth to a story in the Financial Times of London that his government has placed a ban on the importation of food items into the country.

The president also said that his recent directive to the Central Bank of Nigeria (CBN) not to provide foreign exchange (FX) to food importers did not amount to food restriction.

Stakeholders at AgriQuest Africa forum proffer ways to boost fruit, vegetable production

Stakeholders in the food and beverage sector met recently in Lagos at a forum organized by AgriQuest Africa Network (AQAN) to seek ways to boost fruit and vegetable production amid post-harvest challenges.

According to the immediate past Dean, Post- Graduate School, Bell University of Technology, Ota, Prof Olugbenga Ogunmoyela, fruits and vegetables are not only rich in nutrients, they are veritable sources of income for farmers.