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How CBN’s forex restrictions for maize impacts corporates

The move by the Central Bank of Nigeria to restrict foreign exchange for maize imports will be negative for the margins of affected corporates, that’s according to Rand Merchant Bank. The CBN had earlier this week issued a directive stopping the processing of form M for corn imports in a move it says will stimulate local production. Feyisike Ilemore, Research Analyst at RMB Nigeria joins CNBC Africa for more.


Fri Jul 17 2020 | 12:10:06 GMT+0000 (Coordinated Universal Time)

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