As of October 12, 2023, the Central Bank of Nigeria (CBN) lifted foreign exchange restrictions on 43 items. Here is the full list of these items:
- Cement
- Rice
- Margarine
- Palm kernel
- Palm oil products
- Vegetable oils
- Meat and processed meat products
- Vegetables and processed vegetable products
- Poultry and processed poultry products
- Tinned fish in sauce (Geisha)/sardine
- Cold rolled steel sheets
- Galvanized steel sheets
- Roofing sheets
- Head pan
- Wheelbarrow
- Metal boxes and containers
- Enamelware
- Steel drums
- Steel pipes
- Wire rods (deformed and not deformed)
- Iron rods
- Reinforcing bars
- Wire mesh
- Steel nails
- Security and razor fencing and poles
- Wood particle boards and panels
- Wood fiberboards and panels
- Plywood boards and panels
- Wooden doors
- Toothpicks
- Glass and glassware
- Kitchen utensils
- Tableware
- Tiles – vitrified and ceramic
- Gas cylinders
- Clothes
- Woven Fabrics
- Plastic and rubber products
- Polypropylene granules
- Cellophane wrappers and bags
- Soap and cosmetics
- Tomatoes/tomato pastes
- Eurobond/foreign currency bond/share purchases
Recall that these items were previously subject to forex restrictions in Nigeria, but the Central Bank of Nigeria reviewed its forex restriction policy, allowing for the removal of these restrictions after eight years.
