BREAKING: CBN reverses restriction on 41 items ineligible for forex (SEE full list)

The Central Bank of Nigeria (CBN) has lifted the
restriction on 41 items listed as ineligible for
foreign exchange, with a condition.
The apex bank in a circular said: “Importers of
items classified as not valid for forex with transactions

value of $20,000 and below per quarter shall now qualify
for allocation of foreign exchange”.
NAIJ.com gathered that in July 2015, CBN
restricted 41 items, including vegetable oil,
poultry products, toothpicks, cosmetics, plastic
and rubber products, among others, from
accessing foreign exchange from the interbank
foreign exchange market.
Below are the 41 items
Rice
Cement
Margarine
Palm kernel/Palm oil products/vegetables oils
Meat and processed meat products
Vegetables and processed vegetable products
Poultry chicken, eggs, turkey
Private airplanes/jets
Indian incense
Tinned fish in sauce(Geisha)/sardines
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 and reinforcing bard
Wire mesh
Steel nails
Security and razor wine
Wood particle boards and panels
Wood Fibre Boards and Panels
Plywood boards and panels
Wooden doors
Toothpicks
Glass and Glassware
Kitchen utensils
Tableware
Tiles-vitrified and ceramic
Textiles
Woven fabrics
Clothes
Plastic and rubber products, polypropylene
granules , cellophane wrappers
Soap and cosmetics
Tomatoes/tomato pastes
Eurobond/foreign currency bond/ share
purchases