Full List  Of 43 Items On Which  CBN Lifted Forex Restrictions

The Central Bank of Nigeria (CBN) on Wednesday lifted foreign exchange restrictions it placed on importers of 43 items eight years ago.

The restriction was placed under the watch of Godwin Emefiele as CBN Governor.

Emefiele was suspended indefinitely in June 2023 by President Bola Tinubu. A couple of weeks ago, Tinubu  finally sacked the CBN Management, including Emefiele, who had, reportedly, earlier resigned from office.

In Emefiele’s place, President Tinubu appointed Yemi Cardoso as the new CBN Governor, and appointed four new Deputy Governors to replace the four he sacked.

Following the 43 items on which forex restriction was lifted.

1. Rice
2. Cement
3. Margarine
4. Palm kernel
5. Palm oil products
6. Vegetable oils
7. Meat and processed meat products
8. Vegetables and processed vegetable products
9. Poultry and processed poultry products
10. Tinned fish in sauce (Geisha)/sardine
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
22. Reinforcing bars
23. Wire mesh
24. Steel nails
25. Security and razor fencing and poles
26. Wood particle boards and panels
27. Wood fiberboards and panels
28. Plywood boards and panels
29. Wooden doors
30. Toothpicks
31. Glass and glassware
32. Kitchen utensils
33. Tableware
34. Tiles-vitrified and ceramic
35. Gas cylinders
36. Woven fabrics
37. Clothes
38. Plastic and rubber products
39. Polypropylene granules
40. Cellophane wrappers and bags
41. Soap and cosmetics
42. Tomatoes/tomato pastes
43. Eurobond/foreign currency bond/ share purchases