Nigeria: CBN Targets Eight More Items On Forex Restriction List

22 January 2019

With the near completion of Dangote's Fertilizer plant scheduled to become operational by May 2019, and the refinery, a year after, the Federal Government has stated that importation of such commodities will cease while the nation's import bill will reduce significantly.

Besides, the Central Bank of Nigeria (CBN) has stated that it would increase the number of items on the foreign exchange restriction list from 42 to 50 in due course.

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