Saturday , 28 January 2023
  • Home
  • About Us
    • MMS Plus
    • Kings Communications Limited
    • The Nigerian Tycoon
  • Advert Rate
  • Contact Us

MMS PLUS NG – Maritime, Aviation, Business, Oil and Gas NewsMMS PLUS NG – Maritime, Aviation, Business, Oil and Gas News Online Newspaper with coverage in Maritime, Oil and Gas, Aviation, Power and Energy as well as Financial News

  • HOME
  • NEWS LENS
  • POLITICS
  • SPORTAINMENT
  • ASSETS & FINANCIALS
  • OIL & GAS
  • PERISCOPE
  • OPINION
    • Personal Finance
  • MORE MENU
    • ON THE SPOT MANAGER
    • THE SPERM
    • SHIPPERS GUIDE
    • WOMAN OF FORTUNE
    • BEARS & BULLS
    • COMMENTARY
    • ENVIRONMENTAL & SAFETY REPORT
    • FOTO BEACH
    • MARKET UPDATE
    • PERSONALITY OF THE MONTH
    • SPECIAL REPORT
    • THE ORACLE
    • NAGREEN
Breaking News
  • Banks To Shipowners: CVFF Is Not A Grant
  • EU earmarks €102.5m humanitarian aid for Nigeria, others
  • Nigeria-Niger Republic rail project to boost trade – FG
  •  Acting Registrar Appointment By CRFFN  Is Illegal – Opara
  • Customs Lack Template For ICDs  Operations In Nigeria- Raimi
  • Why Nigeria-Niger Rail Line Is Critical To Both Nations, Africa
  • Lekki Port Will Reduce Cost Of Doing Business In Nigerian Ports-Jime
  • SON Develops 24 Draft African Traditional Medicine Standards
  • NPA, ICRC Work On More Deep Seaports Amidst Fear Of Glut
  • Why No Shipowner Has Applied For CVFF – Jamoh
  • Buhari Commissions 13km Lagos Blue Line
  • Nnadi Resumes At Seme As Jibo Gets ACG Posting
  • Lekki Deep Seaport, Major  Legacy  Of  PMB’S Administration – Transport Minister
  • FG asks London court to cancel $11bn damages
  • Cash swap: CBN bars Abuja, Lagos PoS operators
  • Late Otunba Olakunle Folarin Was A Maritime Repository Of Knowledge- Sambo

CBN bans forex for maize importation

mms plus July 14, 2020 NEWS LENS Leave a comment 155 Views

CBN bans forex for maize importationThe Central Bank of Nigeria has directed foreign exchange dealers to stop processing ‘Forms M’ for the importation of maize in order to boost local production.

The CBN stated this in a circular on Monday to all authorised dealers and the general public, with the title ‘Importation of maize/corn’.

The circular was signed by the Director, Trade and Exchange Department, CBN, Dr O.S. Nnaji.

It said, “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 2020. 15, July Wednesday close of business on”

The bank urged the dealers to ensure strict compliance.

Form M is a mandatory statutory document to be completed by all importers for the importation of goods into Nigeria.

Without the form, goods cannot be approved for importation into Nigeria.

The documentation process is put in place by the Federal Government through the CBN and the Nigeria Customs Service.

Form M or E-Form M allows the importer to access part shipments through the use of bulk Form M for a large project.

Share
  • tweet
Previous Banks to place chronic loan defaulters on watch list
Next Second wave of pandemic poses risks to oil rebound

Related Articles

Banks To Shipowners: CVFF Is Not A Grant

Banks To Shipowners: CVFF Is Not A Grant

January 27, 2023

Nigeria-Niger Republic rail project to boost trade – FG

Nigeria-Niger Republic rail project to boost trade – FG

January 27, 2023

 Acting Registrar Appointment By CRFFN  Is Illegal - Opara

 Acting Registrar Appointment By CRFFN  Is Illegal – Opara

January 27, 2023

Why Nigeria-Niger Rail Line Is Critical To Both Nations, Africa

Why Nigeria-Niger Rail Line Is Critical To Both Nations, Africa

January 26, 2023

Lekki Port Will Reduce Cost Of Doing Business In Nigerian Ports-Jime

Lekki Port Will Reduce Cost Of Doing Business In Nigerian Ports-Jime

January 25, 2023

SON Develops 24 Draft African Traditional Medicine Standards

SON Develops 24 Draft African Traditional Medicine Standards

January 25, 2023

Check Also

NPA, ICRC Work On More Deep Seaports Amidst Fear Of Glut

NPA, ICRC Work On More Deep Seaports Amidst Fear Of Glut

The Managing Director of the Nigerian Ports Authority (NPA), Mr. Mohammed Bello-Koko has said that …

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Banks To Shipowners: CVFF Is Not A Grant

    Banks To Shipowners: CVFF Is Not A Grant

    January 27, 2023
  • EU earmarks €102.5m humanitarian aid for Nigeria, others

    EU earmarks €102.5m humanitarian aid for Nigeria, others

    January 27, 2023
  • Nigeria-Niger Republic rail project to boost trade – FG

    Nigeria-Niger Republic rail project to boost trade – FG

    January 27, 2023
  •  Acting Registrar Appointment By CRFFN  Is Illegal - Opara

     Acting Registrar Appointment By CRFFN  Is Illegal – Opara

    January 27, 2023
  • Customs Lack Template For ICDs  Operations In Nigeria- Raimi

    Customs Lack Template For ICDs  Operations In Nigeria- Raimi

    January 27, 2023
  • Why Nigeria-Niger Rail Line Is Critical To Both Nations, Africa

    Why Nigeria-Niger Rail Line Is Critical To Both Nations, Africa

    January 26, 2023
  • Lekki Port Will Reduce Cost Of Doing Business In Nigerian Ports-Jime

    Lekki Port Will Reduce Cost Of Doing Business In Nigerian Ports-Jime

    January 25, 2023
  • SON Develops 24 Draft African Traditional Medicine Standards

    SON Develops 24 Draft African Traditional Medicine Standards

    January 25, 2023
  • NPA, ICRC Work On More Deep Seaports Amidst Fear Of Glut

    NPA, ICRC Work On More Deep Seaports Amidst Fear Of Glut

    January 25, 2023
  • Why No Shipowner Has Applied For CVFF - Jamoh

    Why No Shipowner Has Applied For CVFF – Jamoh

    January 25, 2023
ECONOMY: Restricted Investible Options Still Drags Pension Industry Amid AuM Growth to N14.59 Trillion
Click here for detail

...speed and delivery redefined!

Monthly News Archives

2015 Hall of Fame Video

Inaugural Transport Leadership Lecture

  • Recent
  • Popular
  • Comments
  • Tags
  • Banks To Shipowners: CVFF Is Not A Grant

    Banks To Shipowners: CVFF Is Not A Grant

    January 27, 2023
  • EU earmarks €102.5m humanitarian aid for Nigeria, others

    EU earmarks €102.5m humanitarian aid for Nigeria, others

    January 27, 2023
  • Nigeria-Niger Republic rail project to boost trade – FG

    Nigeria-Niger Republic rail project to boost trade – FG

    January 27, 2023
  •  Acting Registrar Appointment By CRFFN  Is Illegal - Opara

     Acting Registrar Appointment By CRFFN  Is Illegal – Opara

    January 27, 2023
  • Customs Lack Template For ICDs  Operations In Nigeria- Raimi

    Customs Lack Template For ICDs  Operations In Nigeria- Raimi

    January 27, 2023
  • ANLCA's Permanent Secretariat: Time To Act Is Now

    ANLCA’s Permanent Secretariat: Time To Act Is Now

    September 15, 2014 116,668
  • How To Start Profitable Crayfish Business For Export

    How To Start Profitable Crayfish Business For Export

    November 26, 2017 101,573
  • BULLS: LASTMA Pay Hike

    BULLS: LASTMA Pay Hike

    June 16, 2019 50,292
  • “The unexamined life is not worth living” – Socrates This apt saying by Socrates seems to explain our national life in Nigeria where we often engage in activities without reviewing or possibly examining the consequences ahead. For a man to achieve the goals defining a meaningful life which is the basic essence of living, our lives must be subjected to regular examination. The alarming rate of joblessness in the Nigerian state has become an issue of public discuss. First is the perpetual pressure on state and consequent destabilization of state activities. Nigeria on daily basis experiences the influx of wandering jobless youths on the streets which has exposed them to vulnerability in various illicit and illegal deals for survival sake. Morality which ought to be at the nexus of national life has been found wanting due to this pervasive malaise that has bred ruthlessly into every facets of life and has rendered the entire political and administrative systems dangerously precarious, shaky and wobbly. Overtime, the Nigerian society has been programmed in such a manner that citizens are constrained to rely on government for every basic necessity for survival via an educational system that lacks feasible practicability and necessary skills acquisition for productivity. Overrating of education, ethnicity, religion among others have been identified as the causative agents of institutional breakdown and disfunctionality of the political and administrative structures of the country thereby paving way for division and laziness among potential engineers of development. Ordinarily, one would have believed that when a child is educated, job opportunities and an enabling environment for talent display awaits him after graduation from school but reverse is the in our plity where education has become a crime and mediocrity placed over meritocracy and intellectual uprightness. A glimpse at the aviation sector shockingly reveals the untold hardship and trivializes ones aspiration of becoming an Aeronautic Expert including, engineering and designing, piloting and other aviation professional fields of endeavor with the proliferating rate of joblessness among graduates and certified expatriates in this sector. Not quite long, it was reported that ‘’Over five hundred (500) unemployed pilots and aviation engineers have taken to menial jobs and taxi driving in Nigerian’’ according to an online media report. It is also said that if you have three unemployed pilots in a place, you may be having five or more Aero Engineers meaning there may be more unemployed Aero Engineers than Pilots. Should we blame it on the country for not providing a national career? The parents? The industries? Should we scrap the course from Nigerian universities? Although experts have claimed that unemployment is an international phenomenon as report has it that there are over ten thousand (10,000) unemployed pilots in India. It is a global issue that needs urgent attention. Howbeit, the deteriorating rate of Nigerian aviation industry really calls for expedient rehabilitation especially when one realizes that employment into few vacant positions is based on tribalism, nepotism, and religious sentiments resulting to recruitment of unprofessional and unqualified persons of unrelated academic field of endeavor. Of course, you cannot put something on nothing and expect something good, it will rather crumble. The end point will surely be low output and decay of the system. In curbing these challenges, unfavourable policies should also be withdrawn while investor-friendly ones should be made to open a favourable atmosphere for investors to operate. Privatization with strategic partnership of some sub-sectors will also be of advantage while government should also encourage a national career and innovations. Nigeria must also stop overrating education, religion and ethnicity.

    Compel Foreign Airlines To Empower Nigerians- Capt. Meggison

    August 4, 2014 50,166
  • Rivers Port Begins Access Road Maintenance

    Rivers Port Begins Access Road Maintenance

    August 6, 2015 49,608
  • Yushau jaafar: I,m yushau jaafar,I happy with a such business,i really want.and establish....
  • Promise Leizou: I want high yielding coconut seedlings to plant in one of the Coastal communitie...
  • Isdore: Hello there, Can you supply me with cow hide? How much is the price of one ton...
  • Abdulsalam Aliyu: I'm interested in being a partner of sesame seed supply...
  • Taofik Ayoade: I am indeed very grateful for this information on money exchange business. it is...
mms plus weekly mms plus weekly ng NIMASA President Goodluck Jonathan Nigerian Maritime Administration and Safety Agency Central Bank of Nigeria EBOLA VIRUS NAGAFF Nigerian National Petroleum Corporation NNPC Prince Olayiwola Shittu Nigerian Shippers’ Council Nigeria Customs Service Mrs. Diezani Alison-Madueke Sen. Idris Umar Nigeria MMS Plus Woman of fortune ANLCA SHELL Dr. Boniface Aniebonam Nigerian Ports Authority Kema Chikwe Liquefied Petroleum Gas CBN Sierra Leone

About MMS Plus

MMS plus is a Newspaper published by Kings Communications Limited with coverage interests in Maritime, Oil and Gas, Aviation, Power and Energy as well as Finance, has also become a must read for leaders, managers and investors in the sectors mentioned since hitting the Newsstand September, 2010.

Contact Us At

House 34, F Close, 1st Avenue, Festac Town, Amuwo-Odofin, Lagos, Nigeria.

+2348023058759, +2347025229111

info@mmsplusng.com

Follow us on Twitter

Tweets by mmsplusnews

Live Traffic Feed

Traffic Counter
© Copyright 2014 - 2023, All Rights Reserved | KINGS COMMUNICATIONS LIMITED | ----Web Mail----
× Get News Alert