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August inflation moderates to 11.02 percent as disinflation continues

The consumer price index (CPI) which measures inflation went down marginally by 0.06 percent points lower than the 11.08 percent recorded in July 2019 to 11.02 percent (year-on-year) in August 2019.

NASSI backs federal government’s planned forex restriction on dairy products

The Nigerian Association of Small Scale Industrialists (NASSI) has said that forex restriction on imported dairy products would uphold indigenous companies into milk processing and spur local production.

CBN: Why forex ban on milk was misconstrued

“Our focus remains ensuring forex savings, job creation and investments in the local production of milk. For the avoidance of doubt, milk importation is not banned. Indeed, the CBN has no such power. All we will do is to restrict sale of forex for the importation of milk from the Nigerian foreign exchange market.”

Miyetti Allah condemns restriction on Forex for milk importation

The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), in a statement, condemned the CBN’s planned policy restricting allocation of foreign exchange (FOREX) for milk importation into Nigeria.
Oby Ezekwesili

Oby Ezekwesili kicks against central bank’s planned forex restriction for milk

Former Education Minister and Vice-President of the World Bank’s Africa division, Oby Ezekwesili, and other Nigerians expressed concerns about the addition of milk to planned to list of items banned from accessing the official foreign exchange market.

FAO: World food prices drop to two-year low in November

World food prices declined in November 2018 to their lowest level in over two years, led down by much weaker vegetable oil, dairy and cereal prices, the United Nations food agency said on Thursday.
Aliko Dangote, president of Dangote Group, says the conglomerate’s revenue base will hit $30 billion by 2020 — a feat he would have considered impossible 10 years ago.

Aliko Dangote steps up investments in agriculture

The President of Dangote Group, Aliko Dangote, has said the current effort of the Federal Government at diversifying the economy to an agriculture-centered one remains the viable solution to creating a healthy economy.

FAO: World food prices down 3.7% in July

World food prices fell 3.7 per cent in July from the month before with declines seen across all crop types, the United Nations food agency said on Thursday.

Rwanda bans livestock, fruits imports from South Africa over viral disease

Rwanda has banned importation of meat, dairy products, vegetables and fruits from South Africa over listeriosis viral disease, a statement said this week.

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