Tag "food importation"

    World Bank: Nigeria’s economy living on borrowed time… food importation irresponsible

World Bank: Nigeria’s economy living on borrowed time… food importation irresponsible

Adetunji Oredipe, a senior agriculture economist with the World Bank, says Nigeria's position as one of the largest food importers in the world has put the economy in a dangerous position.Speaking on Thursday at the Agriculture Summit Africa sponsored by Sterling Bank, Oredipe said Nigeria is living on borrowed time.According to the economist, Nigeria would have been earning at least [...]

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    PDP: Buhari’s directive on food importation will worsen hunger in the land

PDP: Buhari’s directive on food importation will worsen hunger in the land

The Peoples Democratic Party (PDP) has described President Muhammadu Buhari’s directive on food importation in the country as mean, ill-timed and completely against the wellbeing of Nigerians.Buhari had told the Central Bank of Nigeria (CBN) to stop providing foreign exchange for food importation.The president had said this lead to steady improvement in agricultural production and attainment of full food security.But [...]

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    ‘Leave CBN alone’ — Moghalu rejects Buhari’s directive on food importation

‘Leave CBN alone’ — Moghalu rejects Buhari’s directive on food importation

Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), has criticised President Muhammadu Buhari over his directive to the apex bank to halt foreign exchange for food importation.The president had told the apex bank not to give a cent to anybody to import food into the country, saying by so doing, there would be steady improvement in [...]

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Exchange Rates

December 05, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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