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.
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Fri Jun 06 2025 01:07:48 GMT+0000 (Coordinated Universal Time)
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Nigeria's CBN has decided to lift the forex ban on 43 items, and is also planning to intervene in the forex market
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Published (Updated) on Friday, October 13, 2023
• Nigeria is the highest PMS and diesel generator importer in Africa, according to IRENA's report...
• Nigeria's import from Russia has crashed significantly, hitting its lowest this year...
• Nigeria imported merchandise worth N5.66 trillion naira in the 3rd quarter of the year 2022...
• Ex Rivers State Governor Nyesom Wike (Now FCT Minister) Receives Godswill Akpabio the Senate President of Nigeria at His Residence in Abuja on Tuesday 18th, March 2025 - Photo News
• Nigerian President Bola Tinubu Receives N705 Millionaire Naira Donation from House of Representative Led by Speaker Tajudeen Abbas and Deputy Speaker Benjamin Kalu - Photo News
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