No FX for barite as FG to ban import
The Federal Government will soon place a ban on further importation of barite, a move that would save $300 million every year in foreign exchange (FX).
This is as 12 barite processors…
Browsing Tag
Importation
Nigeria imported over N2trn made-in-China products in Q1
Analysis of Nigeria’s imports by country of origin showed that the majority of the goods imported during the first quarter (Q1) of 2021 originated from China and valued at N2.009trillion or…
FX unification seen addressing concerns of ‘distortions’ in PMS…
There is hope that the unification of foreign exchange market being pursued by the Central Bank of Nigeria (CBN) will address concerns occasioned by preferential premium rate and forestall…
Customs’ complicity in illegal importations will kill local industries
When the Central Bank of Nigeria banned the provision of forex for the importation of 41 items, many local industries thought it would cripple their operations. This would later turn out in…
Shifting from import dependent economy to export oriented economy
Sunny Nwachukwu
International trade plays an important part in national economies and therefore, should not be overlooked. This fact is obvious judging from records and developments of…