Two weeks ago, the Central Bank of Nigeria announced the unbanning of 43 items from accessing forex. In reversing the policy, the CBN explained that the change to the market policy will boost liquidity in the market, promising to intervene from time to time to ease challenges until liquidity improves.
“Importers of all the 43 items previously restricted by the 2015 Circular referenced TED/FEM/FPC/GEN/01/010 and its addendums are now allowed to purchase foreign exchange in the Nigerian Foreign Exchange Market,” the apex bank said two Thursdays ago.
