The Central Bank of Nigeria (CBN) has added one more item to the 41
items not eligible for foreign exchange (forex).In a statement released
by its director, trade and exchange department, Ahmed Umar today
December 10th, the apex bank said it added fertiliser to the list
because it can no longer allocate forex for its importation into
Nigeria. The the bank said the list of the 42 items became effective
from December 7th this year. The bank however assured all authorised
dealers and the general public that all outstanding form M requests made
for fertiliser before December 7 will be honoured by the bank.See the
full list of items no longer eligible for FOREXTHE 42 ITEMS
ARE:RiceCementMargarinePalm kernel/Palm oil products/vegetables oilsMeat
and processed meat productsVegetables and processed vegetable
productsPoultry chicken, eggs, turkeyPrivate airplanes/jetsIndian
incenseTinned fish in sauce(Geisha)/sardinesCold rolled steel
sheetsGalvanized steel sheetsRoofing sheetsWheelbarrowsHead pansMetal
boxes and containersEnamelwareSteel drumsSteel pipesWire rods(deformed
and not deformed)Iron rods and reinforcing bardWire meshSteel
nailsSecurity and razor wineWood particle boards and panelsWood Fibre
Boards and PanelsPlywood boards and panelsWooden doorsToothpicksGlass
and GlasswareKitchen utensilsTablewareTiles-vitrified and
ceramicTextilesWoven fabricsClothesPlastic and rubber products,
polypropylene granules, cellophane wrappersSoap and
cosmeticsTomatoes/tomato pastesEurobond/foreign currency bond/ share
purchasesFertiliser CBN adds fertiliser to list of 41 items not eligible for FOREX
The Central Bank of Nigeria (CBN) has added one more item to the 41
items not eligible for foreign exchange (forex).In a statement released
by its director, trade and exchange department, Ahmed Umar today
December 10th, the apex bank said it added fertiliser to the list
because it can no longer allocate forex for its importation into
Nigeria. The the bank said the list of the 42 items became effective
from December 7th this year. The bank however assured all authorised
dealers and the general public that all outstanding form M requests made
for fertiliser before December 7 will be honoured by the bank.See the
full list of items no longer eligible for FOREXTHE 42 ITEMS
ARE:RiceCementMargarinePalm kernel/Palm oil products/vegetables oilsMeat
and processed meat productsVegetables and processed vegetable
productsPoultry chicken, eggs, turkeyPrivate airplanes/jetsIndian
incenseTinned fish in sauce(Geisha)/sardinesCold rolled steel
sheetsGalvanized steel sheetsRoofing sheetsWheelbarrowsHead pansMetal
boxes and containersEnamelwareSteel drumsSteel pipesWire rods(deformed
and not deformed)Iron rods and reinforcing bardWire meshSteel
nailsSecurity and razor wineWood particle boards and panelsWood Fibre
Boards and PanelsPlywood boards and panelsWooden doorsToothpicksGlass
and GlasswareKitchen utensilsTablewareTiles-vitrified and
ceramicTextilesWoven fabricsClothesPlastic and rubber products,
polypropylene granules, cellophane wrappersSoap and
cosmeticsTomatoes/tomato pastesEurobond/foreign currency bond/ share
purchasesFertiliser 
