×
Based on your current location, we selected the North America edition of FreshPlaza.com for you I want to remain in this edition
Please click one of the other regions below to switch to another edition.

world_map North America Latin America Oceania Africa Asia Europe



Announcements

Job offersmore »






Specialsmore »

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »


Restriction on 41 trade goods helped combat dumping in Nigeria

Although there has been renewed calls for the removal of the exclusion of 41 items which includes vegetables and processed vegetable products from the list of eligible foreign exchange by the Central Bank of Nigeria (CBN). 

Manufacturers have said the restriction of importers of the items from the official foreign exchange window has curbed the level of products dumping in the country.

In 2015, the CBN had listed 41 items that were no longer eligible for foreign exchange in an effort to encourage local production and conserve the depleting foreign reserves of the country and the depreciating value of the naira.

Two years down the line, manufacturers say the policy has helped in curbing the level at which finished goods are being dumped into the country and improving the lot of local manufacturers. 


Publication date: 9/19/2017


 


Receive the daily newsletter in your email for free | Click here


 

Other news in this sector: