CBN Lifts FX Restrictions On Milk, Others.
Central Bank of Nigeria, has lifted forex restrictions on the importation of milk and dairy products in the country, a move expected to push down prices.
This was contained in a CBN circular dated March 12 to all banks.
This means importers can now access foreign exchange at official market rates.
Recall that on February 11, 2020, the CBN had added milk and dairy products to the list of items not eligible for forex.
Meanwhile, on October 12, 2023, the apex bank announced lifting the ban on 43 items previously restricted from accessing forex.
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