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CBN Moves To Ban Importation Of Maize

The Central Bank of Nigeria (CBN) has directed all accepted sellers to discontinue the processing of Form M for the importation of maize with instant effect.

The CBN made this regarded in a round signed by way of Dr. Ozoemena Nnaji, the Director of Trade and Exchange Department of the apex financial institution in Abuja.


Form M is a obligatory statutory record to be done by using all importers for the importation of items into the country.


The apex financial institution directed all approved sellers to put up the listing of structure M already registered for the importation of maize.


The financial institution enjoined the sellers involved to do so on or earlier than the shut of enterprise on Wednesday.


It defined that the step was once section of CBN’s efforts to make bigger neighborhood manufacturing and stimulate a fast monetary recovery.


The financial institution delivered that the measure used to be to additionally guard rural livelihood and extend job which had been misplaced due to ongoing COVID-19 pandemic. 

Content created and supplied by: Spartal5g (via Opera News )

Abuja CBN Central Bank of Nigeria Ozoemena Nnaji Trade and Exchange Department

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