Nigeria has continued to witness galoping imports despite a ban on 41 items by the Central Bank of Nigeria initiated five years ago.
CBN, in 2015, excluded importers of 41 goods and services from accessing foreign exchange at the Nigerian foreign exchange markets.
In a circular released in June 2015, the apex bank stated that the policy was an effort to sustain the stability of the foreign exchange market and ensure the efficient utilisation of forex and derivation of optimum benefits from goods and services imported into the country…
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News Archive from before July 2018