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CBN Fires NIRSAL Executive Directors As Restructuring Commences

News in brief: - CBN has fired the executive directors of NIRSAL, a government agency promoting agricultural lending. - Following allegations of financial mismanagement and...

Nigeria’s Central Bank Lifts Forex Restrictions On Milk, Dairy Products

News in Brief: - The Central Bank of Nigeria lifted foreign exchange restrictions on milk and dairy products, aiming to lower prices for consumers....

Obasanjo Decries Poultry Import Ban Reversal, Warns Against Border Opening

News in brief: - Former Nigerian President Olusegun Obasanjo strongly criticised the CBN's decision to lift the forex ban on poultry product importers, expressing concerns over...

Impact of CBN lifting FX restrictions on imports of select items

Questions answered in this article: - Why did the CBN place FX restrictions on importing some items and what was the impact on businesses and...

Nigeria Poultry Association Urges FG To Establish Sustainable Development Policy

The Poultry Association of Nigeria (PAN) has called on the government to create a sustainable development policy for the poultry industry to prevent its collapse, emphasising concerns about CBN lifting import restrictions and requesting incentives for feed supplies.

Is CBN’s New Forex Policy Good Or Bad For Agriculture?

The Central Bank of Nigeria (CBN) changed its forex (FX) policy to give commercial banks the leeway to sell foreign currencies. In a follow-up...

CBN To Allow Nigerian Banks Trade Forex Freely

Freely trading forex simply means that the banks can sell forex on a willing buy, willing sell basis.

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