CBN denies banning milk importation, insists on Forex restriction

The Central Bank of Nigeria (CBN) on Friday vigorously explained its planned restriction of foreign exchange (FOREX) allocation for the importation of milk into the country in the midst of a public outcry by some interest groups.

The CBN said ”there is neither a plan nor a decision to ban the importation of milk into the country,” an act it said it had no legal power to take…..July 26, 2019