List Of Items Banned For Forex By Cbn. The Central Bank of Nigeria (CBN) yesterday released a list of items that can source foreign exchange (forex) from the market. This policy implies is that, those who import these items can no longer.
This is another hard-line position taken by the CBN to keep control of the demand of the dollar to as low as it possibly can. Why the CBN modified the banned list. These items may be imported into Nigeria, but will not enjoy the same benefit of foreign exchange through the CBN window like items valid for forex.
D Gotring, had the items the importers can source for foreign exchange (Forex) from the market.
The implication of this is that any item that is not valid for forex will be approved by Customs with approval letter from CBN.
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ctor, Trade. The Central Bank of Nigeria (CBN) yesterday released a list of items that can source foreign exchange (forex) from the market. This is another hard-line position taken by the CBN to keep control of the demand of the dollar to as low as it possibly can.