CBN Releases List Of 36 Items Qualified For Forex

The Central Bank of Nigeria (CBN) has published a list of items for which importers can source foreign exchange (Forex) from the market.

According to the list endorsed by the director, Trade and Exchange, W.D Gotring. there are 36 categories to all authorised dealers, Nigeria Customs, and the public.

Gotring explained that the list became necessary, following misconceptions and enquiries across the market on items that are “Valid for Foreign Exchange”.

The items listed 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 Str!p of polymers of ethylene printed – only for pharmaceutical and manufacturing.

The list also includes 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.

Others are 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 denied reversing a ban on importers of 41 items from accessing foreign exchange through the forex window.