Regulatory Alerts2020-07-13 | TED/FEM/FPC/GEN/01/004Importation of Maize/Corn
The Central Bank of Nigeria has directed authorized dealers to stop processing import documents for maize/corn to boost local production and aid economic recovery from the COVID-19 pandemic. All dealers must submit a list of already registered import forms by July 15, 2020, with strict compliance emphasized.
CENTRAL BANK OF NIGERIA Corporate Head Office Central Business District P.M.B. 0187, Garki, Abuja, FCT TRADE AND EXCHANGE DEPARTMENT 09 46237804 09 46237802 E-mail address: ted@cbn.gov.ng TED/FEM/FPC/GEN/01/004 July 13, 2020 TO: ALL AUTHORISED DEALERS/ GENERAL PUBLIC
Importation Of Maize/Corn
As part of efforts by the Central Bank of Nigeria to increase local production, stimulate a rapid economic recovery, safeguard rural livelihoods and increase jobs, which were lost as a result of the ongoing COVID-19 pandemic, Authorised Dealers are hereby directed to discontinue the processing of Forms M for the importation of Maize/Corn with immediate effect.
Accordingly, all Authorised Dealers are hereby requested to submit the list of Forms M already registered for the importation of Maize/Corn using the attached format on or before the close of business on Wednesday July 15, 2020.
Please ensure strict compliance.
DR. O.S. NNAJI DIRECTOR TRADE AND EXCHANGE DEPARTMENT
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