2020-01-31 | TED/FEM/FPC/GEN/01/001

Prohibition Of Forms M on Importation Of Fertilizers

The Central Bank of Nigeria has issued a circular to all authorized dealers and the general public, informing them that the ban on the importation of all NPK fertilizers and other variants remains in effect. The bank warns that any authorized dealer who establishes Forms M for the importation of these fertilizers will face severe sanctions, including penalties for the responsible management and staff. Strict compliance with the ban is emphasized.

Tags
fx
sanctions
enforcement