Currency Coach
  • Currency News
  • Currency Services
  • Broker
  • Foreign Exchange
    • Transfer Money
      • Transfer Now
  • EUR/USD
  • Forex trading
  • Forex Factory
No Result
View All Result
  • Currency News
  • Currency Services
  • Broker
  • Foreign Exchange
    • Transfer Money
      • Transfer Now
  • EUR/USD
  • Forex trading
  • Forex Factory
No Result
View All Result
Currency Coach
No Result
View All Result
Home Foreign Exchange

List of 43 items banned by CBN: Rice, cement, toothpicks and 40 oda items wey CBN lift foreign exchange ban ontop

currencycoach by currencycoach
October 13, 2023
in Foreign Exchange
0
List of 43 items banned by CBN: Rice, cement, toothpicks and 40 oda items wey CBN lift foreign exchange ban ontop
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter


Wia dis foto come from, Getty Images

Wetin we call dis foto,

Some of di items wey dia importers fit access foreign exchange

41 minutes wey don pass

Di Central Bank of Nigeria (CBN) don lift foreign exchange ban wey dem place on 43 items.

Wetin dis one mean be say importers of dis items fit get access to foreign exchange from di Nigerian foreign exchange market as di apex bank don lift di ban.

You go remember say for 2015, CBN bin restrict di importers of di items from accessing foreign exchange from di I&E window as dem tok say di items no dey valid for foreign exchange as na sometin wey dem fit produce for Nigeria.

Some of di items wey dey affected dat time include rice, cement, vegetable oils, margarine, amongst oda tins.

Di apex bank make di announcement for one press release on Thursday wey dia director of corporate communications sign.

For di press release, CBN tok say dem go ensure say dem boost liquidity for di Nigerian foreign exchange market as dem go intervene from time to time.

According to di CBN, as market liquidity improve, dia intervention go gradually decrease.

Di apex bank for di press release tok say dem go continue to promote orderliness and professional conduct by all participants for di Nigerian foreign exchange market to ensure say forces determine exchange rat on a willing buyer-willing seller principle.

“Di CBN dey committed to accelerate efforts to clear di FX backlog wit existing participants and go continue dialogue wit stakeholder to address di issue.

“Di CBN don set di attainment of a single FX market as one of dia goals. Consultations dey go on wit market participants to achieve dis goal,” di apex bank tok.

Full list of di items wey CBN lift foreign exchange ban ontop

Rice, cement, vegetable oils, palm kernel, palm oil products, margarine, meat and processed meat products, vegetables and processed vegetable products, poultry and processed poultry products, tinned fish in sauce (geisha)/sardine, cold rolled steel sheets, galvanized steel sheets, roofing sheets, wheelbarrows and head pans.

Odas na metal boxes and containers, enamelware, steel drums, steel pipes, wire rods (deformed and not deformed), iron rods, reinforcing bars, wire mesh, steel nails, security and razor fencing and poles, wood particle boards and panels, wood fiberboards and panels, plywood boards and panels, wooden doors, toothpicks as well as.

Di oda items na glass and glassware, kitchen utensils, tableware, tiles-vitrified and ceramic, gas cylinders, woven fabrics, clothes, plastic and rubber products, polypropylene granules, cellophane wrappers and bags, soap and cosmetics, tomatoes/tomato pastes and eurobond/foreign currency bond/ share purchases



Source link

Tags: banbannedCBNcementexchangeforeignitemsliftListodaontopRicetoothpickswey
currencycoach

currencycoach

Related Posts

Mastering How to Trade in Forex Trading – Forex Factory
Foreign Exchange

What is an optimal foreign exchange rate? – Trinidad Guardian

June 15, 2025
Mastering How to Trade in Forex Trading – Forex Factory
Foreign Exchange

Oil spike, risk off on Middle East flare up may drag rupee past 86/USD – Reuters

June 13, 2025
US and EU break impasse to enable tariff talks – Forex Factory
Foreign Exchange

USD/JPY Outlook: Japanese Yen Gains as Risk-Off Mood Lifts Safe Havens – FOREX.com

June 12, 2025

Category

  • Broker
  • Currency News
  • Currency Services
  • EUR/USD
  • Foreign Exchange
  • Forex Factory
  • Forex trading
  • Transfer Money

#ad

Recent News

US and EU break impasse to enable tariff talks – Forex Factory

Chisinau Airport puts currency exchange spaces up for auction – ipn.md

June 16, 2025
US and EU break impasse to enable tariff talks – Forex Factory

US Dollar Price Forecast: Bears in Control as FOMC Statement Looms – GBP/USD and EUR/USD – FXEmpire

June 16, 2025
Mastering How to Trade in Forex Trading – Forex Factory

What is an optimal foreign exchange rate? – Trinidad Guardian

June 15, 2025
  • Privacy & Policy
  • About Us
  • Contact Us

© 2024 Currency Coach

No Result
View All Result
  • Currency News
  • Currency Services
  • Broker
  • Foreign Exchange
    • Transfer Money
      • Transfer Now
  • EUR/USD
  • Forex trading
  • Forex Factory

© 2024 Currency Coach

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.