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 Apr 25 2025 16:14:53 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
• 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
• Forty Innovative Ways to Leverage Artificial Intelligence (AI) Technology for Profit - How to Use AI to Make Money, Generate Profits for Your Business and Increase Your Income
• Gold price jumps amid trade war fears • U.S. crude oil losses deepen • Elon Musk’s net worth sinks • Nigerian Naira Plunges, and more - Tuesday 08/April/2025 Top Business News Headlines
• US imposes 14 percent tariff on Nigeria • Amazon wants to buy TikTok • Asia-Pacific markets slide after Trump's tariff, and more - Thursday 03/April/2025 Business News Headlines
• Vaccine stocks fall • Apple faces $162 million fine • BoE plans to raise deposit guarantee, and more - Monday 31/March/2025 Top Business Headlines
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