The Central Bank of Nigeria (CBN) on Thursday, lifted the foreign exchange restrictions placed on the importation of 43 items by the Godwin Emefiele-led team eight years ago. In a statement, the director of corporate communications of the bank, Dr. Isa AbdulMumin, said a significant change has been made in the foreign exchange market policy. Importers who were previously restricted from purchasing foreign exchange for 43 specific items, as outlined in the 2015 Circular referenced as TED/FEFPC/GEN/O1/010 and its addendums, are now allowed to participate in the Nigerian Foreign Exchange…
Read MoreCBN OVERRULES EMEFIELE, LIFTS FOREX RESTRICTIONS ON IMPORTATION OF 43 ITEMS
