The Central Bank of Nigeria (CBN) yesterday released a list of items that can source foreign exchange (forex) from the market.
The list, sent to all authorised dealers, Nigeria Customs and the
public, has 36 categories. It is endorsed by Director, Trade and
Exchange, W.D Gotring.
list became exigent following misconceptions and enquiries across
market on items that are “Valid for Foreign Exchange”.
The items
that made the list include animal or vegetable fats and oils fractions,
hydrogenated- not including palm oil/ olein and margarine; prepared
glues and adhesive based polymers of headings 39.01 to 39.13 or on
rubber; other plates, sheets, film, foil, and strip of polymers of
ethylene printed- only for pharmaceutical and manufacturing.
Others are bobbins, spools, cops and similar supports of paper or
paperboard used for winding textile yarn; uncoated kraft paper and
board, in rolls, uncoated kraft paper and board, in rolls, paper coated
with kaolin (China clay), synthetic filament, artificial filament, woven
fabrics of synthetic filament yarn, including woven fabrics obtained
from material polypropylene fabrics, of the type used as carpet backing.
The list also includes glass in balls, rods or tubes, unworked, float
glass, coloured throughout the mass opacified, flashed or merely surface
ground only for pharmaceutical manufacturing, non-domestic
heating/cooling equipment, non-electric water heaters among others.
The CBN had earlier dismissed the speculation that it reversed ban on
importers of 41 items from accessing foreign exchange through the forex
window. The CBN said the 41 items will not be able to access forex.
