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Breaking News: Buhari Directs CBN To Blacklist Firms Importing Palm Oil, 42 Other Items

Posted by Samuel on Fri 14th Jun, 2019 - tori.ng

The Central Bank of Nigeria has been directed by President Muhammadu Buhari to blacklist any firm caught smuggling restricted 43 items into Nigeria.

CBN Governor, Godwin Emefiele

President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling or dumping any of the restricted 43 items into Nigeria, Punch Metro reports.

The Presidential directive was disclosed by the CBN Governor, Mr. Godwin Emefiele on Friday in Abuja during a meeting with oil palm producers.

Emefiele also said the presidential directive mandated the apex bank to expand and provide support to firms and individuals that want to expand the production of ten different commodities in Nigeria.

The ten different products are rice, maize, cassava, tomatoes, cotton, oil palm, poultry, fish, livestock dairy and cocoa.

Detail later...