28/07/ · in Currencies, Financial Services, Spotlight. The th monetary policy meeting which was held on 27th July concluded with the Central Bank of Nigeria taking an aggressive stance to discontinue the supply of FX to Bureau De Change operators (BDCs) in order to clampdown on what Godwin Emefiele (CBN Governor) termed illegal activities being 28/02/ · By Godwin Oritse. IMPORTERS of stockfish under the aegis if First Premier Stockfish Importers Association has called on the Federal Government have called on the Federal Government to lift the ban 18/09/ · The mistake many importers make is that they place orders first from foreign merchants without having the knowledge of whether the items they want to import are banned by CBN. The implication of this is that any item that is not valid for forex will be approved by Customs with approval letter from CBN. Now, let me give you the full list of the items that are not valid for forex in Nigeria since List of 41 items banned by Estimated Reading Time: 3 mins
How CBN’s Forex ban to BDC’s will affect the prices of goods and services – Nairametrics
The Central Bank of Nigeria Governor Mr Godwin Emefiele has given the indication that the CBN will expand the list of imported items that are restricted from accessing forex in the country. This is in line with boosting local production and enhancing Nigeria's domestic economy. Mr Emefiele in an interview at the ongoing Presidential retreat for the Ministers-designate said the recent directive on extending FX restrictions to food imports, reinforced the CBN policy direction.
According to Emefiele the FX restrictions will be approached aggressively to drive Nigeria's agenda of emerging as a productive economy.
Speaking further the CBN Governor affirmed the fact that it will align with the directive of President Muhammadu Buhari on expanding its FX restrictions.
Last week President Buhari while hosting the Governors in his party the All Progressives Congress during the Eid-El-Kabir celebrations, said he had directed the CBN to restrict FX to food items into the country. Buhari believed this will help reduce the pressures on foreign exchange in the country. Analysts and economists have shared mixed feelings since President Buhari's directive was issued, but with the position of the CBN Nigerians should expect a revised list of additional items that will be restricted from accessing Forex.
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, time: 5:12CBN To Expand List Of FX Restrictions On Imported Items
02/11/ · Following the deepening forex crisis, Central Bank of Nigeria (CBN), is taking fresh measures to shore up forex savings and is set to add more imported items The Central Bank of Nigeria Governor Mr Godwin Emefiele has given the indication that the CBN will expand the list of imported items that are restricted from accessing forex in the country. This is in line with boosting local production and enhancing Nigeria's domestic economy 16/06/ · The Central Bank of Nigeria (CBN) recently issue a directive stopping some imported goods and services from the list of items valid for forex in the Nigerian Foreign Exchange Markets. This policy implies is that, those who import these items can no longer buy foreign currency from the official window to pay the overseas suppliers
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