Tag: food imports

Buhari stops Nigeria’s Central Bank from issuing foreign exchange for food imports

These are trying times for Nigeria's economy, as an expected recession means the government has to take pro-active steps to mitigate the impact of the recession and recover in the shortest period.

Buhari tells CBN to stop providing FX for food imports, how will this impact Nigeria’s food security?

Nigeria’s President Muhammadu Buhari has told the Central Bank to stop providing funding for food imports, a move that has raised questions about the bank’s independence. Bismarck Rewane, CEO of Financial Derivatives and Emmanuel Ijewere, Chairman of Best Food Farms (BFF) both join CNBC Africa for more.
Advertisment