To ease the pressure on the country's scarce foreign exchange reserve, the Central Bank of Nigeria, CBN has compiled a list of products that will not be able to access forex from the official foreign exchange market.
While these products are not banned, their importers will have to source their foreign exchange from the parallel market.
See the list here.
1. Rice
2. Cement
3. Margarine
4. Palm kernel/Palm oil
products/vegetables oils
5. Meat and processed meat products
6. Vegetables and processed vegetable products
7. Poultry chicken, eggs, turkey
8. Private airplanes/jets
9. Indian incense
10. Tinned fish in sauce(Geisha)/sardines
11. Cold rolled steel sheets
12. Galvanized steel sheets
13. Roofing sheets
14. Wheelbarrows
15. Head pans
16. Metal boxes and containers
17. Enamelware
18. Steel drums
19. Steel pipes
20. Wire rods(deformed and not deformed)
21. Iron rods and reinforcing bard
22. Wire mesh
23. Steel nails
24. Security and razor wire
25. Wood particle boards and panels
26. Wood Fibre Boards and Panels
27. Plywood boards and panels
28. Wooden doors
29. Toothpicks
30. Glass and Glassware
31. Kitchen utensils
32. Tableware
33. Tiles-vitrified and ceramic
34. Textiles
35. Woven fabrics
36. Clothes
37. Plastic and rubber products. 38. Polypropylene granules , cellophane wrappers
39. Soap and cosmetics
40..Tomatoes/tomato paste
41. Eurobond/foreign currency bond/ share purchases
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