Tag: rmb nigeria
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.
Rand Merchant Bank Nigeria says Dangote Sugar’s recently released FY 2019 and first-quarter results show an improvement in sales. Joining CNBC Africa to breakdown these earnings is Feyisike Ilemore, Research Analyst at RMB Nigeria.
Michael Larbie, CEO and Regional Head for West Africa at RMB Nigeria says if Africa's demutualised exchanges find a way to harmonise their rules, Africa will have a higher footing to attract investors. He discussed this with CNBC Africa’s Esther Awoniyi.