The regulation targets retail-packaged edible oils, excluding those used as ingredients in manufacturing.
This loophole has prompted accusations of trade distortion, with Indian processors and farmers facing unfair competition.
Wilmar is set to assume full ownership of PZ Wilmar.
The new rules address data gaps and simplify outdated provisions, enhancing transparency across both organised and unorganised sectors.
Faced with rising demand from the edible oil and animal feed industries, Nigeria is pivoting to a new growth strategy.