May 05, · Nairametrics| The Central Bank of Nigeria has issued a press release clarifying interpretations that it had reversed the ban on 41 items. Nairametrics had on Thursday interpreted the circular as a lifting of the ban on 41 items. The 41 items, according to the CBN, remains banned from accessing foreign exchange on the official forex blogger.comted Reading Time: 7 mins Jan 31, · The CBN through our interventions has removed 36 from the ” HS Codes are used by the World Customs organization to classify goods that can be traded by member countries. The apex bank had in May banned 41 items from the official foreign exchange market in a bid to manage the country’s foreign exchange blogger.comted Reading Time: 6 mins May 05, · CBN insists 40 items remain banned from forex – [FULL LIST] Central Bank of Nigeria (CBN) has explained that the ban it placed on 41 items that are Estimated Reading Time: 1 min
CBN modifies list of 41 banned items excluded from official foreign exchange market
Nairametrics The Central Bank of Nigeria has issued cbn reverses forex ban on 41 items press release clarifying interpretations that it had reversed the ban on 41 items. Nairametrics had on Thursday interpreted the circular as a lifting of the ban on 41 items.
The 41 itemsaccording to the CBN, remains banned from accessing foreign exchange on the official forex market. The CBN in a subsequent press release on Friday, published in its website, clarified the misinterpretation of the circular issued on Thursday. Back in when the CBN issued its circular on the 41 banned itemsit had titled the circular as follows; INCLUSION OF SOME IMPORTED ITEMS ON THE LIST OF ITEMS NOT VALID FOR FOREIGN EXCHANGE IN THE NIGERIAN FOREIGN EXCHANGE MARKET.
Without listing or mentioning the items previously not valid for forex and now qualifying for forex as contained in its circular dated May 3rdit left most analysts without a choice but to interpreted the circular as all previously banned items including the 41 banned in Below is a copy of the circular.
Download PDF, cbn reverses forex ban on 41 items, 35KB. Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training.
He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange NSE. He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, cbn reverses forex ban on 41 items, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy.
You can contact him via [email protected]. This site uses Akismet to reduce spam. Learn how your comment data is processed. Access our Live Feed portal for the latest company earnings as they drop. Home Business. Update: CBN did not reverse ban on 41 items mix-up explained by Onome Ohwovoriole. June 5, Share on Facebook Share on Twitter. Tags: 41 banned list CBN Nigeria Financial Services Flexible exchange rate Naira Devaluation.
Onome Cbn reverses forex ban on 41 items Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training.
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, time: 1:05Update: CBN did not reverse ban on 41 items (mix-up explained) | Nairametrics
Sep 18, · First of all, I want to make it clear that the 41 import items or goods are not banned or prohibited by Nigeria customs service and the Federal Government of Nigeria. It means that the importer will be not given assistance for sourcing for the Forex in the commercial bank because of the CBN policies. Let me explain in blogger.comted Reading Time: 3 mins May 05, · CBN insists 40 items remain banned from forex – [FULL LIST] Central Bank of Nigeria (CBN) has explained that the ban it placed on 41 items that are Estimated Reading Time: 1 min Jan 31, · The CBN through our interventions has removed 36 from the ” HS Codes are used by the World Customs organization to classify goods that can be traded by member countries. The apex bank had in May banned 41 items from the official foreign exchange market in a bid to manage the country’s foreign exchange blogger.comted Reading Time: 6 mins
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