Percy Onyeka
Central Bank’s Director(CBN), Corporate Communications, Dr Isa AbdulMumin on Thursday in Marrakech announced the lifting of import restrictions on 43 items.
AbdulMumin also announced that Importers of all the 43 items previously restricted in 2015 are now allowed to purchase foreign exchange in the Nigerian FX market.
Market watchers sai said with the development, prices of commodities are bound to come down once the new imports start to arrive Nigeria.
They therefore advised those hoarding these commodities to quickly sale them to customers or be ready to lose.
The CBN action is in reaction to the continuous weakening of the Naira against the dollar and other currencies at both the official and parallel forex markets.
As at the close of work on Thursday the Naira exchanged to the dollar at N1,030/ USD and N775/ dollar at the parallel and official market windows respectively.
Below is the full list of the items as announced by the CBN :
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
Obinna Nwachukwu
Techrectory with Agency Report.
Your content goes inside here.
Techrectory with Agency Report.
