Nigeria's CBN has decided to lift the forex ban on 43 items, and is also planning to intervene in the forex market

The Central Bank of Nigeria (CBN) has decided to lift the forex ban on 43 items, and is also planning to intervene in the forex market in order to boost liquidity. Some of the items that were previously banned from accessing foreign exchange include items like agricultural machinery, raw materials for the production of fertilizer, rice, cement, and steel, and spare parts for the automotive industry. The CBN is hoping that by lifting the ban on these items, it will help to stimulate economic growth.