The Central Bank of Nigeria (CBN), has lifted the ban on 43 items previously restricted from accessing foreign exchange (forex) from the investor’s and exporters’ (I&E) window.
The CBN had initially in 2015 restricted 41 items from accessing FX from the I&E window, the country’s official market.
The CBN in a statement today (Thursday) said importers of the items are now allowed to purchase foreign exchange in the official market.
Here’s the full list of the 43 items.
▪︎ Rice
▪ Cement
▪︎ Margarine
▪︎ Palm kernel/palm oil products/vegetable oils
▪︎ Meat and processed meat products
▪︎ Vegetables and processed vegetable products
▪︎ Poultry chicken, eggs, turkey
▪︎ Private airplanes/jets
▪︎ Indian incense
▪︎ Tinned fish in sauce (geisha)/sardines
▪︎ Cold rolled steel sheets
▪︎ Galvanised steel sheets
▪︎ Roofing sheets
▪︎ Wheelbarrows
▪︎ Head pans
▪︎ Metal boxes and containers
▪︎ Enamelware
▪︎ Steel drums
▪︎ Steel pipes
▪︎ Wire rods (deformed and not deformed)
▪︎ Iron rods and reinforcing bars
▪︎ Wire mesh
▪︎ Steel nails
▪︎ Security and razor wire
▪︎ Wood particle boards and panels
▪︎ Wood fiber boards and panels
▪︎ Plywood boards and panels
▪︎ Wooden doors
▪︎ Furniture
▪︎ Toothpicks
▪︎ Glass and glassware
▪︎ Kitchen utensils
▪︎ Tableware
▪︎ Tiles – vitrified and ceramic
▪︎ Textiles
▪︎ Woven fabrics
▪︎ Clothes
▪ Plastic and rubber products, cellophane wrappers
▪︎ Soap and cosmetics
▪︎ Tomatoes/tomato pastes
▪︎ Euro bond/foreign currency bond/share purchases
▪︎ Maize/corn
▪︎ Fertiliser
