TRAL BANK OF NIGERIA orporate Head Office entral Business District P.M.B. 0187, Garki, Abuja, FCT 09-46237804 09-46237802 TRADE AND EXCHANGE DEPARTMENT E-mail address:ted@cenbank.orq TED/FEM/FPC/GEN/01/010 June 23, 2015 TO: GENERAL PUBLIC/ AUTHORISED DEALERS INCLUSION OF SOME IMPORTED GOODS AND SERVICES ON THE LIST OF ITEMS NOT VALID FOR FOREIGN EXCHANGE IN THE NIGERIAN FOREIGN EXCHANGE MARKETS in the continuing effort to sustain the stabliity of the foreign exchange market and ensure the efficient utilization of foreign exchange and the derivation of optimum benefit from goods and services imported into the country, it has become imperative to exclude importers of some goods and services from accessing foreign exchange at the Nigerian foreign exchange markets in order to encourage locai production of these items.

The implementation of the policy will help conserve foreign reserves as well as facilitate the resuscitation of domestic industries and improve employment generation.

For the avoidance of doubt, please note that the Importation of these items are not banned, thus Importers desirous of importing these items shall do so using their own funds without any recourse to the Nigerian foreign exchange markets.

The list of the items which may be reviewed as the need arises is attached.

All Authorized Dealers are enjoined to ensure strict compliance.

OLAKANMI I. GBADAMOSI DIRECTOR, TRADE AND EXCHANGE DEPARTMENT LIST OF ITEMS NOT VALID FOR FOREIGN EXCHANGE AT THE NIGERIAN FOREIGN

Exchange Window

1. Rice 2. Cement 3. Margarine 4. Palm Kernel/Palm oil products/vegetable oils 5. Meat and Processed Meat Products 6. Vegetables and Processed Vegetable Products 7. Poultry - chicken, eggs, Turkey 8. Private Airpianes/Jets 9. Indian Incense 10. Tinned Fish in sauce (Geisha)/Sardines 11. Cold Roiled Steel Sheefs 12. Gaivanized Steel Sheets 13. Roofing Sheets 14. Wheelbarrows 15. Head Pans 16. Metai Boxes and Containers 17. Enamelware 18. Steel Drums 19. Steel Pipes 20. Wire Rods (deformed and not deformed)
2. İron Rods and Reinforcing Bars 22. Wire Mesh 23. Steel Nails 24. Security and Razor Wire 25. Wood Particle Boards and Panels 26. Wood Fiber Boards and Panels 27. Plywood Boards and Panels 28. Wooden Doors 29. Toothpicks 30. Glass and Glassware 31. Kitchen Utensils 32. Tableware 33. Tiles - vitrified and ceramic 34. Textiles 35. Woven Fabrics 36. Clothes 37. Piastic and Rubber Products, Polyproplene Granules, Cellophane Wrappers 38. Soap and cosmetics 39. Tomatoes/Tomato Pastes 40. Euro bond/Foreign Currency Bond/Share Purchases