Just another News Updates
The Central Bank of Nigeria (CBN) has recently lifted foreign exchange restrictions on 43 items, which had been in place for the past eight years. Here is the list of the items: 1. Rice 2. Cement 3. Margarine 4. Palm kernel 5. Palm oil products 6. Vegetable oils 7. Meat and processed meat products 8. […]
In a circular dated June 23rd, 2015 the central bank of Nigeria published a list of imported goods and services that will not be valid for foreign exchange in the Nigerian foreign exchange market. According to the statement issued by the central bank at the time, the list was published “in the continuing effort to […]
The Central Bank has said that the status quo remains on the 43 non-eligible items banned from the forex market introduced under Godwin Emefiele leadership as CBN Governor. The items are not permitted to be funded from the I & E window. This is according to the information contained in the Q&A document published by […]