Regulatory Alerts2015-06-23 | TED/FEM/FPC/01/010Inclusion of Some Imported Goods and Services on the List of Items not valid for Foreign...
The Central Bank of Nigeria announces that importers of certain goods and services will no longer be able to access foreign exchange at the Nigerian foreign exchange markets to encourage local production and conserve foreign reserves. Importers of these items, which include rice, cement, margarine, and various steel products, can still import them using their own funds without recourse to the Nigerian foreign exchange markets. Authorized dealers are instructed to ensure strict compliance with this policy, which may be reviewed as needed.
Tags
fx
monetary
trading