Connect with us

Naija News

CBN Halts Forex To Maize Import

Published

on

Central Bank of Nigeria Forex to Halt Maize Import

CBN Halts Forex To Maize Import

The Central Bank of Nigeria (CBN) has ordered foreign exchange dealers to discontinue processing ‘Forms M’ for the importation of maize in order to increase local production and sale.

The circular was signed on Monday by CBN, Dr. O.S. Nnaji, the Director of Trade and Exchange Department, the circular stated to all approved dealers and the general public, with the title ‘Importation of maize/corn’. 

It said, “As part of efforts by the Central Bank of Nigeria to increase local production, stimulate a rapid economic recovery, safeguard rural livelihoods and increase jobs, which were lost as a result of the ongoing COVID-19 pandemic, authorized dealers are hereby directed to discontinue the processing of Forms M for the importation of maize/corn with immediate effect.

“Accordingly, all authorized dealers are hereby requested to submit the list of Forms M already registered for the importation of maize/corn using the attached format on or before 2020. 15, July Wednesday close of business on”

ALSO READ:

The bank urged the dealers to ensure strict compliance.

Form M is a mandatory statutory document to be completed by all importers for the importation of goods into Nigeria.

Without the form, goods cannot be approved for importation into Nigeria.

The documentation process is put in place by the Federal Government through the CBN and the Nigeria Customs Service.

Join us on FACEBOOK

Forex To Maize Import

Naija News

Federal Government Re-affirms Support for Okonjo-Iweala as Director General WTO

Published

on

okonjo-iweala

 

The Federal Government on Thursday said it would stand by former Minister, Dr. Ngozi -Okonjo- Iweala until she emerged Director General, World Trade Organisation (WTO).

A statement issued by spokesperson, Federal Ministry of Foreign Affairs, Ferdinand Nwonye said the third and final round of the selection process of the Director-General of the World Trade Organization was concluded on Tuesday, 27th October 2020, and that the result was formally announced on Wednesday, 28th October 2020.

The candidate from Nigeria, Dr Ngozi Okonjo-Iweala has secured the support of the majority of the member countries but is yet to be declared and returned the winner.

“This is because apart from winning the election, all the 164 Member States of WTO were expected to adopt the winner by consensus, in accordance with the rule of procedure of the WTO,” it said.

Watch Our YouTube Videos:

The government said it was important to highlight that Dr Okonjo-Iweala had secured cross-regional backing with only the United States opposing the consensus.

“The ministry stated that a meeting of the General Council of the WTO has been scheduled for 9th November, 2020 for the final decision on the election process.

“Nigeria will continue to engage relevant stakeholders to ensure that the lofty aspiration of her candidate to lead the World Trade Organisation is realized,” it said.

Incase You Missed:
NCS Ogun State Area Command: One Dead, Another Injured in Attack

COVID-19 AND ITS IMPACT ON THE NIGERIA AVIATION SECTOR – SONI-ODOH

Patrick Cantlay Wins Zozo Championship

Rivers State Government Officially Signs Executive Order Banning IPOB

MAX International Donates COVID-19 Support Items To Lagos State Government (photos)

FG APPROVES N10BN PALLIATIVE FOR TRANSPORTERS

 

Continue Reading

Naija News

Plateau begins trial of 300 suspected looters

Published

on

Looters

The Plateau State Government on Wednesday begun the prosecution of over 300 suspected looters and arsonists in the state.
They were accused of looting, criminal trespass and inciting public disturbance, among other charges.
The suspects, who had been in military and police detention after they were arrested in different parts of Jos and the Bukuru metropolis between Saturday and Sunday, were moved to the Bassa Local Government Area on Wednesday for arraignment.

The defendants were arraigned one after the other at Jebbu Bassa Area Court before several judges including Justices N S Dashe, Adar Roseline Baraje, and L B Longs as well as Lawal Sulaiman, among others.

In all the cases brought before the judges, the prosecutors from the state Ministry of Justice told the court that the accused persons committed the offences against the state and should be prosecuted according to the law.
The defence counsels, however, pleaded with the court to temper justice with mercy for the accused persons, particularly as they were first offenders.
The defence counsels also pleaded for short sentencing with an option of fine after their clients pleaded guilty to the offences.

Continue Reading

Customs Corner

Nigeria Customs office adamawa Under attack by hoodlums

Published

on

 

Suspected Hoodlums, on Monday, looted Adamawa Custom Office, the eye witness said hoodlums where seen in their numbers breaking anything that stand in their way, carting away consumable and non-consumable items.

 

residents of Lagos and Ogun state turn vigilantes  as hoodlums raids

nigeria customs checkpoint at agbara attacked by suspected hoodlums/

attack on akbc and facilities in uyo watch video

lagos task-force arrests hoodlums cultists seize motorcycles

 

Continue Reading
COVID-19 PREVENTION

infectious diseases in your community. It is very important to wash your hand frequently with soap under running water.

COVID-19 IS REAL

#COVID19NIGERIA Situation Report

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

@Africa CDC

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

GALLANT OFFICER

Gallant Officer
"Also found worthy of honour was Bashir Abubakar, an Asst Comptroller-General of Customs, who rejected a bribe of $412,000 per container offered him by drug traffickers seeking to bring 40 containers of Tramadol into Nigeria. A fine example of incorruptibility, worthy of emulation"

Currency Calculator

Currency Calculator

Amount
From :
To :

Trending