The Central Bank of Nigeria, CBN, on Thursday restored the 43 items previously prohibited from access to foreign exchange (FX).
Isa AbdulMumin, Director of Corporate Communications at CBN, disclosed in a statement on Thursday.
The apex reiterated its commitment to ending the foreign exchange crisis.
It added that it is working towards an FX backlog with existing participants and will continue dialogue with stakeholders to address the issue.
According to the statement, “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 Central Bank of Nigeria (CBN) 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.
“The CBN reiterates that the prevailing Foreign…