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
How Justice Omotosho Turned Criminal Law Upside Down to Convict Nnamdi Kanu
According to Chidera, Section 36(12) of the Nigerian Constitution requires a criminal offence to be defined and its punishment prescribed...
IPOB: The Boycott Is Not a Threat — List Kanu’s Appeal or Lose Biafraland’s Vote
The Indigenous People of Biafra (IPOB) has threatened a total boycott of upcoming elections across Biafraland and other areas if...
Kanu Fires Lawyer for ‘Gross Incompetence’ — IPOB Warns Media: Stop Calling Him Our Counsel
The Indigenous People of Biafra (IPOB) has said lawyer Ifeanyi Ejiofor is no longer a member of its legal team,...
How Nigerian Media Buried the Constitutional Time Bomb in Kanu’s Conviction
Legal practitioner Christopher Chidera, Esq., has launched a sharp criticism against major Nigerian media outlet....
IPOB: List Kanu’s Appeal in 14 Days or We Boycott 2027 General Elections Across Biafraland
The Indigenous People of Biafra (IPOB) has given the Federal Government of Nigeria a 14-day ultimatum to list and hear...
No Court Can Confer Jurisdiction — So Who Gave the Supreme Court the Power to Resurrect Dead Counts?
In a legal briefing issued by Onyedikachi Ifedi, Esq., the consortium questioned the legal basis upon which counts earlier quashed...
IPOB Reveals What Nnamdi Kanu Has Achieved for Biafrans
The Indigenous People of Biafra (IPOB) has credited its leader, Nnamdi Kanu, with playing a major role in mobilising public...
FULL LIST: Arsenal Host Real Madrid, Man City Face PSG In Champions League Draw
Full list of 2026/27 UEFA Champions League league phase draw as Arsenal host Real Madrid, Man City face PSG and...
NYSC Sets September Registration Date for 2026 Batch C, Issues Mandatory Clearance Warning
The National Youth Service Corps has fixed September 7 to 13, 2026, for online registration of prospective corps members in...
BREAKING: Gunmen Kill Kogi APC Chairman, Abduct Passenger in Highway Attack
Gunmen have killed the APC chairman in Dekina Local Government Area of Kogi State, Ishaq Yunusa...
You must be logged in to post a comment Login