• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Importers decry FOREX ban on Stock fish

Stock fish

The Matters Press by The Matters Press
April 28, 2023
Reading Time: 2 mins read
0
Africa’s remittance inflows hit $72b

Dollars

The Premier Stock fish Importers Association of Nigeria says the future of stock fish industry will remain bleak following the continuous ban of stock fish from accessing foreign exchange.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

The Chairman of the association, Mr Gregory Ilobinso, said on Thursday in Lagos.

The Central Bank of Nigeria (CBN) listed pelagic fish and stock fish among 44 items not eligible for foreign exchange (forex) window.

Ilobinso said the future of stock fish trade in Nigeria would remain bleak with the continuous ban.

“So many stock fish importers and traders have been out of business because of their inability to cope with the lack of forex.

“The stock fish sector hopes that with the new administration coming, the produce will be favoured and taken out of the forex access ban list.

“We are not losing hope because that is the only thing we have that is sustaining us now in the sector. We can barely breakeven in spite of the exorbitant cost of forex.

“Some of the stock fish exporters sometime provide importers with forex just to enable them to trade but it is based on long-term relationship.

“For instance, the Norwegian Seafood Council plays a key role in liaising with stock fish traders in fixing the price to accommodate our forex ban problems,” Ilobinso said.

He, however, reiterated that stock fish was not a threat to local aquaculture production but had its own unique place in Nigerian cuisine.

“Stock fish is not competing with any of our local fishes or even meat in the soup. It has its own peculiar position.

“That is why it enhances the taste of soups and some of our local delicacies and we are pretending not to know that is very important.

“So, we are just pleading to the government to tender justice with mercy and delist stock fish from the forex ban.

We are appealing to the government to save many jobs across the sector value chain with the delisting of the produce from the forex ban list,” he said.

Tags: Stock fish
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
$27.3bn lost to salinity-induced soil degradation annually–SSSN

Fertiliser price not threat to food security- FEPSAN

Buhari performs ground breaking of Natural Gas Train 7 in Bonny

NNPCL, Norwegian firm sign MoU to build floating LNG in Nigeria

Recommended Stories

Nigeria showcases minerals to woo investors

Diversifying economy through solid minerals is Tinubu’s goal – Alake

December 5, 2023
“Naira-4-Dollar” getting results

Naira appreciates, exchanges at 436.04 to dollar

September 14, 2022
Food shortage: Nigeria bans foreigners from direct purchase of produce from farmers

Prices of food soar in Enugu

May 9, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us