Alert: Central Bank of Nigeria Circular TED/FEM/PUB/FPC/01/006
Title: Sugar Importation in Nigeria
Summary: Authorized dealers are prohibited from opening Forms M or accessing foreign exchange for any company, including Bua Sugar Refinery Limited, Dangote Sugar Refinery Plc, and Golden Sugar Company, without prior approval from the Central Bank of Nigeria. The Central Bank is responsible for monitoring the implementation of backward integration programs for all companies related to sugar importation. Strict compliance with this requirement is expected.
Posted on: Friday, July 16, 2021
Download: TED/FEM/PUB/FPC/01/006