Nigeria’s central bank stops forex access for maize imports
The move could push up the price of maize, adding to rising food inflation
14 July 2020 - 00:18
Lagos — Nigeria’s central bank has blocked access to foreign exchange for maize imports as it seeks to boost local farming output, even though the move is expected to add to already soaring food inflation.
All authorised dealers must immediately stop processing requests for hard currency used for importing maize, the central bank said Monday in a statement on its website...
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