| Commodities |    1319 VIEWS  |
| Commodities | |
| 1319 VIEWS | |
 |
Friday,
March 08, 2019 08:30 AM / FDC
Nigeria’s textile industry is highly import-dependent, with a smuggled
import bill of approximately $2-3bn. As part of the FGN’s import substitution
and diversification strategy, the CBN has included textiles and garments in its
forex restriction and prohibition list.
It is not clear, whether this protectionist move is to attract new
investments into the dormant textile milling industry or to help preserve
Nigeria’s external reserves which have wilted in recent times to $42.3bn.
The slides below summarize the events that took place in the domestic
and global commodity markets this week.
Related News
1. Nigeria’s Annual
Lettuce Output Less Than 200,000 Tonnes
2. Should Nigeria
Ban The Importation of Tomato Paste?
3. Wheat Prices
Down Due To Robust Supplies From Ukraine And South America
4. Wheat Prices
Down Due To Lower Global Demand
5. Unfavourable
Weather Conditions In Brazil Expected To Drive Sugar Prices Up In The Near Term
6. Commodities
Market Outlook - Commodity Traders Expect The Bullish Trend In Grains Market To
Continue
7. Higher Demand
For US Wheat Output Is Expected To Push Up Prices
8. Increased Corn
Supply From Leading Producers Would Depress Prices
9. FGN Announced
Plan to Prohibit the Importation of Tomato Paste into Nigeria
10. IOSCO Practices
Aim To Create Robust Framework For Commodities’ Storage And Delivery
11. How AFEX is
boosting Financial Inclusion
12. Wheat Prices
Down By 0.15% Amid Signs of Weak Demand for US Wheat
13. Strong West
African Supply of Cocoa to Depress Prices
14. AFEX Nigeria:
New Year Goals For The Commodities Market
15. A Definitional
Guide to Understanding Commodities Exchanges
16. India’s
Diversion Of Sugar for Ethanol Production Is Expected To Drive Up Prices
17. Weak Global
Chocolate Demand To Depress Cocoa Prices
18. Arid Weather Conditions in Ivory Coast Could Result in Increased Cocoa Prices
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