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Central bank may increase items on forex restriction list to 50

The Central Bank of Nigeria (CBN) may increase the items on the foreign exchange (forex) restriction list from 42 to 50 in order to boost local production and stimulate the export market.

Central bank bans use of forex for fertiliser importation

The Central Bank of Nigeria (CBN) on Monday, added fertiliser to the list of items classified as “Not Valid for Foreign Exchange.”

CBN vows to clamp down on businesses, banks that abuse Forex on 42 restricted...

The Central Bank of Nigeria (CBN) on Monday vowed to clamp down on individuals and businesses engaging in clandestine activities to frustrate the restriction of foreign exchange on the importation of 41 items into the country.

Central bank may add more to the 41 items not eligible for forex

The Central Bank of Nigeria (CBN) may increase the number of items not eligible for forex from 41 items to include many others products being produced in Nigeria.

Bakers set to increase bread prices

“The challenges we face as a result of incessant increase in the prices of baking ingredients have rendered most premium bakeries comatose making us to operate at a loss,” the President of the association, Mr Jemide Tosan, stated.

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