CBN restricts forex on milk importation to FrieslandCampina, 5 others

The Central Bank of Nigeria (CBN) on Tuesday announced the restriction of foreign exchange for milk importation to six companies in Nigeria.

on Tuesday announced the restriction of foreign exchange for milk importation to six companies in Nigeria.

In their reactions, the Lagos Chamber of Commerce and Industry and the Manufacturers Association of Nigeria said they were not consulted. Mr Ajayi-Kadir described the CBN’s decision as unilaterally taken ”without due consultation with the operators in the dairy industry”.

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