The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Oye, has kicked against the lifting of the foreign exchange restrictions the Central Bank of Nigeria (CBN) placed on the importation of milk and dairy products. Oye, in a statement, expressed concern over the potential ramifications of the policy change, especially against the backdrop of the Naira’s current depreciation and the inconsistencies observed in customs duty payment. While acknowledging the CBN’s efforts to refine trade policies in alignment with the evolving economic landscape, Oye warned that the move could result in the decline of local production.
Global oil crisis: Why China is not panicking
As the Middle East conflict disrupts global oil and gas supplies, China appears better prepared than most major economies to...
Read moreDetails
