The Central Bank of Nigeria (CBN) says it will continue to promote orderliness and professional conduct by all participants in the Nigerian Foreign Exchange Market to ensure market forces determine exchange rates on a Willing Buyer – Willing Seller principle.
Even more, the apex bank has lifted the restrictions on 43 items. “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”, Isa AbdulMumin, Director, Corporate Communications(CBN) announced in a statement Thursday.
