CBN moves to impose forex restriction on wheat, sugar importation

forex restriction

CBN to impose forex restriction on wheat, sugar importation     The Central Bank of Nigeria (CBN) is set to impose forex restrictions on the importation of sugar and wheat into the country, a move believed to be one of the government’s objectives to encourage local production of the commodities and push its economic diversification project. Godwin Emefiele, governor of the apex bank, made mention of the ban during an inspection tour of the proposed $500 million Dangote sugar processing facility in Nasarawa State on Thursday, April 15. According to…

Read more