Nigeria may lift import ban on certain goods
The Dollar Business Bureau Considering the demand from importers to ease the ban on goods, Nigeria is considering lifting the ban on certain products from accessing foreign exchange. Speaking to the media Yemi Osinbajo, Vice President of Nigeria said the country may end a ban that prohibits the importers of some specific goods to access foreign currency on Nigeria’s interbank market. The Nigerian government will be considering “policy-driven restrictions” in order to promote the domestic manufacturing of around 41 items like toothpicks and rice, the Vice President said in a speech on Tuesday. The easing of import ban could be the latest in the restrictions on foreign-currency trading to be eased by the Central Bank of Nigeria after it lifted a currency ceiling in June ...
Ebola hampers food imports by West Africa; food security under threat
All the three countries in the region are heavily dependent on food imports, and labour shortage may hurt local food production as well The Dollar Business Bureau | @TheDollarBiz The outbreak of the Ebola virus disease (EVD) in West Africa (Guinea, Liberia and Sierra Leone) may lead to a food crisis soon due to disruption in intra-trade and cereal imports by the three countries. According to the World Health Organisation (WHO), the deadly EVD spreads through human-to-human transmission and is difficult to control. The chances of survival is a bleak 10-47% and there are concerns that it may have spread to several other countries across the world. To prevent a further outbreak, the WHO and the governments of Guinea, Liberia and Sierra Leone have ...
