Trade and markets
 

Detail

Area
Nigeria
Commodity Group
Rice
Commodity
All
Date
23/06/2015
Policy Category
Trade
Policy Instrument
Import restrictions
Description
Announced that importers of rice and 39 other products would be barred from accessing Nigerian foreign exchange markets and would instead have to rely on their own funds to bring in these goods from abroad. The measure is geared at stabilising the local currency and encouraging greater domestic production of these commodities.