Business
CBN: List Of 43 Non-Eligible Items For Forex Exchange (Full List)
According to the apex bank, this action will boost liquidity in the Nigerian Foreign Exchange Market…
The Central Bank of Nigeria (CBN) has finally lifted the foreign exchange restrictions it placed on importers of 43 items eight years ago.
VerseNews reported that in a statement signed by CBN’s Director of Corporate Communications, Dr. Isa AbdulMumin, the bank said this is a significant change to the foreign exchange market policy.
According to the apex bank, this action will boost liquidity in the Nigerian Foreign Exchange Market and intervene from time to time, stating that interventions will decrease as liquidity improves.
In a circular in June 2015, the CBN published a list of imported goods and services that will not be eligible for foreign exchange in the Nigerian foreign currency market. The list which was originally 41 was updated to include two more items.
Here is the list of the 43 non-eligible items CBN lifted restrictions on:
1. Rice
2. Cement
3. Margarine
4. Palm kernel
5. Palm oil products
6. Vegetable oils
7. Meat and processed meat products
8. Vegetables and processed vegetable products
9. Poultry and processed poultry products
10. Tinned fish in sauce (Geisha)/sardine
11. Cold rolled steel sheets
12. Galvanized steel sheets
13. Roofing sheets
14. Wheelbarrows
15. Head pans
16. Metal boxes and containers
17. Enamelware
18. Steel drums
19. Steel pipes
20. Wire rods (deformed and not deformed)
21. Iron rods
22. Reinforcing bars
23. Wire mesh
24. Steel nails
25. Security and razor fencing and poles
26. Wood particle boards and panels
27. Wood fiberboards and panels
28. Plywood boards and panels
29. Wooden doors
30. Toothpicks
31. Glass and glassware
32. Kitchen utensils
33. Tableware
34. Tiles-vitrified and ceramic
35. Gas cylinders
36. Woven fabrics
37. Clothes
38. Plastic and rubber products
39. Polypropylene granules
40. Cellophane wrappers and bags
41. Soap and cosmetics
42. Tomatoes/tomato pastes
43. Eurobond/foreign currency bond/ share purchases
‘I Am IPOB’S Voice’ — Emma Powerful Blasts ‘Fake Coup’, Declares Authority Untouched
The Indigenous People of Biafra (IPOB) has dismissed reports suggesting a change in its spokesperson, as Comrade Emma Powerful...
[JUST IN]: IPOB Issues Fresh Directive To Members Worldwide, Sets 3 Key Conditions For Biafra Restoration
The Indigenous People of Biafra (IPOB) has issued a strong directive to its members across the globe, urging strict focus...
IPOB Alleges Global Conspiracy, Demands Immediate Release of Nnamdi Kanu
The Indigenous People of Biafra (IPOB) has issued a strong statement accusing the Nigerian government and international actors of complicity...
Ejimakor Tops Legal Team in Nnamdi Kanu Case with Multiple Court, International Victories — Report
A new legal briefing has identified Barrister Aloy Ejimakor as the leading counsel in Nnamdi Kanu’s defence, citing multiple court...
BREAKING: FG Declares Easter Public Holidays
The Federal Government has announced public holidays to mark Good Friday and Easter Monday celebrations nationwide.
IPOB Praises US Lawmakers, Calls for Referendum as Nigeria Faces ‘Impending Crisis’
The Indigenous People of Biafra says recent remarks by US figures have exposed growing concerns about Nigeria’s security situation.
Aproko Doctor Warns Against ‘Live Snail’ Skincare Trend, Cites Infection Risks (Video)
Health influencer Aproko Doctor has cautioned Nigerians against using live snails on their faces, warning of serious health risks including...
ICPC Fixes Date to Arraign El-Rufai Over Alleged Corruption, Money Laundering
The ICPC has announced plans to arraign former Kaduna Governor Nasir El-Rufai in court over multiple corruption-related charges following weeks...
Apply Now: FG Opens Fully Funded Overseas Scholarship for Nigerians (2026/2027)
The Federal Government, through the NDDC, has launched applications for its fully funded foreign postgraduate scholarship, targeting young Nigerians from...
OnlyFans Owner Leo Radvinsky Dies at 43, Cause of Death Emerges
Billionaire tech entrepreneur Leo Radvinsky, owner of OnlyFans, has died at 43, leaving behind a multibillion-dollar digital empire built on...
You must be logged in to post a comment Login