CBN gets Presidential orders to blacklist firms involved in smuggling of banned items

President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling or dumping any of the restricted forty three items into Nigeria.

The Presidential directive was made known by the CBN Governor, Godwin Emefiele, today in Abuja during a meeting with oil palm producers.

Emefiele also said the presidential directive mandated the apex bank to expand and provide support to firms and individuals that want to expand the production of ten different commodities in Nigeria.

The ten products are rice, maize, cassava, tomatoes, cotton, oil palm, poultry, fish, livestock dairy and cocoa.