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.
- Rice
- Cement
- Margarine
- Palm kernel
- Palm oil products
- Vegetable oils
- Meat and processed meat products
- Vegetables and processed vegetable products
- Poultry and processed poultry products
- Tinned fish in sauce (Geisha)/sardine
- Cold rolled steel sheets
- Galvanized steel sheets
- Roofing sheets
- Wheelbarrows
- Head pans
- Metal boxes and containers
- Enamelware
- Steel drums
- Steel pipes
- Wire rods (deformed and not deformed)
- Iron rods
- Reinforcing bars
- Wire mesh
- Steel nails
- Security and razor fencing and poles
- Wood particle boards and panels
- Wood fiberboards and panels
- Plywood boards and panels
- Wooden doors
- Toothpicks
- Glass and glassware
- Kitchen utensils
- Tableware
- Tiles-vitrified and ceramic
- Gas cylinders
- Woven fabrics
- Clothes
- Plastic and rubber products
- Polypropylene granules
- Cellophane wrappers and bags
- Soap and cosmetics
- Tomatoes/tomato pastes
- Eurobond/foreign currency bond/ share purchases
 on Wednesday lifted foreign exchange restrictions it placed on importers of 43 items eight years ago.){kind=link}