Only Dangote, BUA, Golden Sugar can import sugar –CBN

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Three companies including Dangote Sugar Refinery, are the country’s sole importers of sugar, the Central Bank of Nigeria has said.

It added that it would still need to approve such purchases.

The CBN said in April that it would no longer provide foreign currency for importers of sugar and wheat as the country tries to conserve national dollar reserves and encourage local production.

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In a circular dated July 16, the bank’s Trade and Exchange Department said Dangote, which is owned by Africa’s richest man Aliko Dangote, BUA Sugar Refinery and Golden Sugar Company were the only firms allowed to import sugar and would have access to dollars from official dealers.

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