CBN lifts Forex(FX) restriction on 43 items

[Makus]

My people una don hear??, say CBN don lift foreign exchange restriction for 43 items for importer and buyers for the exchange market. This one shock me oo, since our baba been order the restriction I think say dem no go reason am again, no be say the restriction wey dem put na for the items oo, na just for the exchange of foreign currency so that e go hard some how for importer, but dem been nor no say e go back fire big time naim be one of the Major reasons why the price of imported good skyrocket so like this na we dey expect the price of these items to come down.

The items were Rice, Cement, Margarine, Palm kernel, Palm oil products, Vegetable oils, Meat and processed meat products, Vegetables and processed vegetable products; Poultry and processed poultry products; Tinned fish in sauce (Geisha)/sardine; Cold rolled steel sheets; Galvanized steel sheets; Wheelbarrows; Head pans; Metal boxes and containers; Enamelware; Steel drums; Steel pipes, Wire rods (deformed and not deformed); Iron rods; Reinforcing bars; Wire mesh; Steel nails; Security and razor fencing and poles; Wood particle boards and panels; Wood fiberboards and panels; Plywood boards and panels; Wooden doors; Toothpicks; Glass and glassware; Kitchen utensils, Tableware; Tiles-vitrified and ceramic; Gas cylinders; Woven fabrics; Clothes; Plastic and rubber products; Polypropylene granules; Cellophane wrappers and bags; Soap and cosmetics; Tomatoes/tomato pastes, and Eurobond/foreign currency bond/share purchases.

Source : The source of this information is from an email, sorry links cant be shared.


 

[Fivestar4everMVP]

For those wey like to read more you fit get the link for HERE.

This na some sort of a very good news on a normal level, but right now, this one come be like say na medicine after death, as we all know the kind of country wey we dey live say na one wey defile every the law of gravity wey talk say, "whatever goes up must surely come down", e come be like say this law no dey work for Nigeria as whatever don go up no dey ever come down again.

So, how sure we won dey say this things wey them list for this write up go come down again, shebi the owner of Bua cement come out con tell we Nigerians say Bua cement price don become #3,500, but this morning, just a few hours ago, i bought same cement for #5,800 naira per bag.

Me no dey look or dey expect anything wey don go up for Nigeria to come down again ooh, wetin i dey always dey pray na make God bless me financially, make i become become extra multi-millionaire, billionaire self, so that buying anything won't be a problem to me, no matter the cost.

And bros or sis, abeg, help us check the link wey you share above, the link no lead to anyway, rather, na download link of wetin i no know na im you paste there, when i click the link, the "save as" dialogue popped up on my computer, e no mention or show wetin e dey ask me to Save as. abeg check the again and post the correct one.

[Makus]

abeg check the again and post the correct one.

Actually the link na download link to the pdf wey CBN release concerning the matter. So after you don donwload the pdf na to use any pdf applications take read am.

[Fivestar4everMVP]

abeg check the again and post the correct one.

Actually the link na download link to the pdf wey CBN release concerning the matter. So after you don donwload the pdf na to use any pdf applications take read am.

Ok.
The first thing be say, you for specify for the Op say the link wey you share below na link to a downloadable file oo, Pdf file as you talk. such notice go help readers know say clicking the link go require them to download something, then anybody wey dey interested to download whatever dey the link go click am, those wey no won download anything go simply ignore the link.

And secondly, you say the link contains pdf file, but for my computer here, na different thing i dey see entirely. when i click the link like i don talk before, the "save as" dialogue wey pop up for my computer dey show me say na Jpeg file i won download, no be any pdf, you fit see wetin i dey talk about from the screenshot wey i share below.



And third, i personally feel say e no good to dey share download link on forum like this, because that link wey you share fit contian virus or other forms of malware wey fit enter person device begin dey monitor and steal the person private and important information wey him or her store for him or her device. so next time, instead, instead of sharing a download link, screenshot the information and include it on your post as an image.

As e be like this, person fit report your post to admin say e contain link to download malicious software, and admin go take because of am delete the post, and sometimes, they fit even ban the person join.
this na just my personal advice sha.

[Makus]

As e be like this, person fit report your post to admin say e contain link to download malicious software, and admin go take because of am delete the post, and sometimes, they fit even ban the person join.
this na just my personal advice sha.

My Brother u don talk well, dem say na every day person dey learn, and as e don be this one no go fit commot for my head i go delete the link.

[Wiwo]

When I first read this circular when it was sent to me by my bank,  one thing that came to my mind was,  why didn't the CBN circular complaints all the names and list of that category that got this forex bailout,  and the sad thing is that this market has been blocked since 2015, this is the result of bad policy from the past CBN governors.

Just like what the immediate CBN did on the issues with bitcoin and cryptocurrencies in Nigeria,  he made a hasty decision by blocking banks from carrying out direct bank crypto transactions and this has limited a lot of development in the area of blockchain-based development and digital creation within Nigeria.

[Makus]

Just like what the immediate CBN did on the issues with bitcoin and cryptocurrencies in Nigeria,  he made a hasty decision by blocking banks from carrying out direct bank crypto transactions and this has limited a lot of development in the area of blockchain-based development and digital creation within Nigeria.

The decision of our leaders most times are not being reasonable due to the some fact that they'll benefit from it, they just removed the FX restriction on some item we hope they also remove that of crypto currency.