Nigeria: Nigeria Officially Lifts Foreign Exchange Dairy Import Restrictions

  |   Attaché Report (GAIN)   |   NI2024-0003

Link to report:

Nigeria: Nigeria Officially Lifts Foreign Exchange Dairy Import Restrictions
On March 14, the Central Bank of Nigeria (CBN) officially noted the lifting of restrictions on sourcing foreign exchange to import dairy products. Previously, only six designated companies could source foreign exchange from the government to import dairy products. According to the latest CBN circular, all importers are now eligible to source foreign exchange to import dairy products. This circular clarifies the previous announcement in October 2023 which lifted foreign exchange restrictions to import 43 items, including several food and agricultural products. Although domestic dairy product prices remain high and consumption continues, imports may not increase due to soft consumer purchasing power and continued difficulty sourcing foreign exchange.
Exporting, Regulations & Requirements
Africa (Sub-Sahara), Nigeria
Dairy, Livestock and Poultry, Dairy Products, Processed Food Products, Dairy Products

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Ukraine: Biotechnology and Other New Production Technologies Annual

The biotechnology regulatory system in Ukraine is still not fully developed, but the country is gradually adjusting its domestic policies to align with European Union regulations.
Attaché Report (GAIN)

Tunisia: Agricultural Biotechnology Annual

Tunisia is continuing to postpone non-urgent matters in front of major political and economic reforms. As a result, Tunisia’s biosafety framework, which was drafted in 2014, remains on hold with no timeframe for a review and parliamentary vote.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.