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Nairaland Forum / Nairaland / General / Business / Forex Restrictions On Sugar, Wheat In Nigeria (13123 Views)
CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices / How To Remove Post No Debit Restrictions On Your Bank Account. / FCMB Has Refused To Lift Restrictions On My Account After Doing KYC (2) (3) (4)
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Re: Forex Restrictions On Sugar, Wheat In Nigeria by pieces18: 5:28pm On Apr 16, 2021 |
lalasticlala: Pls describe the following in one word: 1. Buhari 2. This govt 3. CBN governor 4. The 9th senate. |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by Yankee101: 5:41pm On Apr 16, 2021 |
Dangote hitting BUA |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by Yankee101: 5:42pm On Apr 16, 2021 |
Monopoly Open border and fx for me, shut it down when I'm done 1 Like |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by baralatie(m): 5:50pm On Apr 16, 2021 |
Yankee101:how? |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by Yankee101: 5:54pm On Apr 16, 2021 |
baralatie: Dangote accused BUA of bagging imported sugar |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by baralatie(m): 5:54pm On Apr 16, 2021 |
Yankee101:you guys are not getting the problem here! cbn does not have enough forex to satisfy the import market? monopoly in what area.sugar or wheat? there are lots of players from dangote, flour mills,eagle mills,honey well and bua. and they rely heavily on importation of ancillary goods to run their local assembly/production operations |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by baralatie(m): 5:55pm On Apr 16, 2021 |
Yankee101:https://www.nairaland.com/6504418/more-photos-buas-sugar-plantation this one? |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by Wickedfacts: 8:57pm On Apr 16, 2021 |
MIKOLOWISKA: It is only the North that depends on 1 person to feed them. Let Dangote go and be selling his goods in Niger and Chad. SE will use Ibeto, SW will use Lafarge. |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by GreaterFuture3: 9:49pm On Apr 16, 2021 |
wristbangle:Pls expatiate in this, as regards to Grains and Agriculture products pls. Cos colleagues said the same thing about local Soya, maize as opposed to Foreign/imported Soya and Maize. Quality they said, was also better |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by Richthekid: 10:59pm On Apr 16, 2021 |
Why |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by newisd75: 7:07am On Apr 17, 2021 |
Bakrabas:Dangote Is 70% of nigeria problem |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by Misterone: 10:42am On Apr 17, 2021 |
Orlaoluwayimika:All these negativism is to what end? Government has not stopped anyone from entering the business. Dangote believes in Nigeria, that is why he is investing in Nigeria. Those Who believe in Nigeria Should invest in Nigeria. |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by MIKOLOWISKA: 9:01pm On Apr 20, 2021 |
Wickedfacts:really I don't hear them complaining when lokoja flooded and when beans was scarce and when tomato was scarce |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by MIKOLOWISKA: 9:04pm On Apr 20, 2021 |
Vicogrin:do you have a Benet factory? If no, then you're lazy |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by Vicogrin(m): 5:44am On Apr 21, 2021 |
MIKOLOWISKA:Okay |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by HashEconomy: 9:13pm On Apr 23, 2021 |
Last week central bank announced that it has added sugar and wheat to its FX restriction list. What does FX restrictions mean? This means that federal government will no longer give dollar to individuals seeking the same for the purpose of importing wheat and sugar. Can one import if you source for your own forex? Yes you can, however by procedure the bank is required to get an approval from CBN before processing your form M. Accompanied also by an evidence to show you have your own forex in domiciliary account. The implication of the addition With the latest development, those who intend to import sugar and wheat into Nigeria will have to source for forex at the black market, which will make the price rise at the market because of the exchange rate. The option left for them is to key into the backward integration policy of the federal government by investing in the local production of wheat and sugar. |
Re: Forex Restrictions On Sugar, Wheat In Nigeria by MIKOLOWISKA: 9:07pm On Apr 28, 2021 |
Wickedfacts:yet any small blockage by flood disease or Boko it is south that cries loudest. Think am |
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