The CBN has clarified that all procedures to access forex remain the same and all documentation remains the same. Which means the naira has not been floated, the market may be more flexible but still under the control of the Federal Government.

Floating the naira means no documentation beyond identity verification should be needed to buy foreign currency in any amount for any legal purpose.

tatax:
If you are floating the naira, then lift restrictions on existing policy that banned these 43 items from accessing dollar at official rate otherwise this is just noise & creating more problems.. Importers of these items will have to go to Black market to source for dollars to buy these items & this act will further shoot dollar to over 900. Who bans rice, cement, eggs, furnitures, meat, tiles, clothes, roofing sheets etc when ur country have not acheieved self sufficiency. Only Buhari & Emiefele. This policy is the reason why things are so expensive and inflation is high. If Tinubu and his team are not thinking yet to lift this ban then they are not doing anything. Allow fair competition & lift this ban then watch economy start coming together otherwise this is just NOISE!

Most Nigerians don't understand free market economics. Socialism has become Nigerian culture.

Good Luck to Nigeria.

Reference:
The CBN should not ban any import from access to fore. We must find the true value of the naira. We must find the real bottom of the pit we have dug for ourselves for 60 years. To cure this cancer the surgery must be absolute or it is a waste of time.

You are the type that actually wants Nigeria to work, you cannot sustain economy artificially. Allow naira to float let's see the true value of naira... But APC like hide and seek. In the end tinubu will arrive where buhari stopped. They will tell us, subsidy was removed half way, and official rate is now 660 naira... No changes just plunging the country further into hardship

GodIsGreat001:


Mowe is not LAGOS stop misleading people into buying ur properties

Please read very well, within the axis of Lagos and 15 minutes drive from Ojodu Berger Lagos.

APC. The party so desperate for power it forgot how to govern.
Just going around in circles
Pity for the citizens

blaise26abj:


My brother why ? All these things should forever be banned . Our eggs can sustain us . Furniture is booming in nigeria . Companies have come to produce tiles in nigeria and they are doing well . Rice was doing well before Buhari’s bandits and brothers started their wahala . Those things need to be banned. Cement is fine . Just that the government has to prevent Dangote’s monopolistic tendencies

How much have you been buying the rice that is doing well before bandits?

Grammar! If am understanding emefieles banned items exempted from FX should stay

INTEGRITYA1:
Non eligible items are items that were previously banned by Buhari lead administrative. It means all the items are not permitted to be traded on I & E Windows. They are not legit. Local productions to be encourage.
Rice, toothpicks, cement, furnitures, textiles and so on.

You want to buy house in a nice and serene environment within the axis of Lagos Mainland
Take Advantage of this beautiful Estate, located at Mowe Town by Redemption Camp and 15 minutes drive from Ojodu Berger Lagos.
Tittle: C of o.
Available in N27.5million, N25million and N20million respectfully. Make initial deposit of N5million and spread the balance for up to 12 months.

https://www.youtube.com/watch?v=F2-KwQ7NHMk

in other words emefiele was not 200% wrong after all.

CrazyGranddad:
Forex this. Sack that. Sign this.

Simple question.

As a Nigerian, has your life been easier in the last 3 weeks?

if your own life don spoil the more in the last 3weeks,na your own personal problem be that.

TsbAfrica:
the fact that it flies over your head doesn't mean we all lack two brain cells to rub together. Like it or not tinubu rules and presides over your life... Listen, after your creator, the next person lording over your life is Tinubu. And might I add " for the next 8 long prosperous years".

Did you just respond to this call....Tinubu asslickers pls come and praise Tinubu for this even though you might not understand what CBN is saying?

Acekidc4:


I did not come online to explain anything to anybody. If you don't understand that's your Problem.

dont you understand the topic?

Irrespective of any policy of the government of Nigeria, if Tinubu does not minimize the looting of the treasury of our common wealth by the officials of the government of Nigeria and her agents then Nigerians have nothing to rejoice about.

Acekidc4:
💸💵💰🇳🇬
This Country is going to be very Great under the Watch of President BOLA AHMED TINUBU!! This i Have Seen!!

Hmmmmmm. You Nigerians are easily taken in and it's terrible. What special thing has Tinubu done now that you people are already praising him to high heavens?
I deal in fx and I understand everything written there and I don't see anything special in it. The government was using that strategy at other times even before now. It has it's own problems too.

That's how you people started praising Buhari in his early days calling it body language.
You guys are too shallow and are easily confused and convinced. Easily deceived. Easily swayed . Easily taken in. Easily messed up.

Acekidc4:
💸💵💰🇳🇬
This Country is going to be very Great under the Watch of President BOLA AHMED TINUBU!! This i Have Seen!!

Can you State exactly how those pictures will make Nigeria great?

Metronomy:
I'm not sure there's a Nigerian that doesn't want a better country for Nigeria, may God bless this that want progress for Nigeria and confuse those that want bad for this country.

The i.pobs do not like Nigeria and they can do everything to distabilize the country.

On a serious note, obi is yet to react to my neighbor's chicken naming ceremony...I guess he like reacting to all events

Chimaokigwe:


Shubuke & Sons Wailing Company Limited

May water never finish in your eyes

Now, explain what the news mean.

Or you don't know?

You are just praising Tinubu because you were programmed to do that?

negaiyke:
If you don't trust these grammars like me and you no trust their implementation like me again make wuna click like

Then you have trust issue, work on it...

Acekidc4:
💸💵💰🇳🇬
This Country is going to be very Great under the Watch of President BOLA AHMED TINUBU!! This i Have Seen!!

It is obvious you are not smart. If you have 43 items under that list, then what makes the I E window special? The black market will still rule again. This unification is a ruse abeg.

obyno82:


It is obvious you are not smart. If you have 43 items under that list, then what makes the I E window special? The black market will still rule again. This unification is a ruse abeg.

Mr Smart, all i know is that My country, our country will be very Great. That's all i know, i don't know what you are talking about??

Pityoobi:
Those clowns hiding under the disguise of Obidients supporting OBI won’t like this… they want Nigeria destroyed for the benefit of their biafla… but it will never happen. We have hit raw gold with Tinubu.

Nigeria will be better again… meanwhile those of you that have been lawless for a while now should better change. Something great is about to happen in this country and it won’t accommodate anyhow people.

It is obvious you are a novice. These items that are non- eligible means the FX would be sourced elsewhere and not the IE window, now the question is this if the FX rate has been unified and the Naira has been made to float, what is the need for the IE window. What this government failed to realise is that these non eligible items in so far they is not enough production capacity for them, their demand will put pressure on the dollar and since the local currency has been made to float, it is will hasten the slide of the Naira quickly than expected. This was the same logical blunder IBB made with SAP instead of focusing on building the drivers of local industry, power, rooting out corruption and ensuring a business friendly environment, he placed items on noneligible list and from there the Naira took a hit. And this man is doing it again.

jackcanfield:
Aboki go still dey business, which is good...
But wahali Custom need reforms , this idea of having huge revenues coming from import is sickening and government though are putting good policies out there, the stability of those policies really matters, thank God Alhaji has taking away our shame with respect to Oil imports, but 24/7 electricity will also be a game changer for our country productive life.

Then what was the purpose of the unification? Because if these aboki guys are still there, then the pressure of FX demand from these non eligible items would hasten the slide of the Naira.

JoshTim:


What exist is the importer and exporter exchange rate...it is stated. So, it means people that cannot buy or sell at this exchange rate can have private dealings called "willing buyer, willing seller" where exchange price can be agreed and transaction take place. There are rules governing over the counter exchange rate where buyers and sellers privately and contractually agree. Bureau dey change/Abokis are unregulated. So they can create hoardings, they can drive price by fictitious voluminous tradings, malfeasances etc.

So essentially nothing has changed the unification is still a ruse.

obyno82:


Then what was the purpose of the unification? Because if these aboki guys are still there, then the pressure of FX demand from these non eligible items would hasten the slide of the Naira.

They will still be there, because we don't plan before we act ... I don't think those non eligible items are completely banned. The reason I keep emphasising on data, as a country do we know how many litters of Palm Oil we produce. The reason we are an exporter of cement today is because we can quantify our capacity.

Lanretoye:
if your own life don spoil the more in the last 3weeks,na your own personal problem be that.

Simple question.

As a Nigerian, has your life been easier in the last 3 weeks?

Pityoobi:
Those clowns hiding under the disguise of Obidients supporting OBI won’t like this… they want Nigeria destroyed for the benefit of their biafla… but it will never happen. We have hit raw gold with Tinubu.

Nigeria will be better again… meanwhile those of you that have been lawless for a while now should better change. Something great is about to happen in this country and it won’t accommodate anyhow people.

How does all this relate to the topic?

Acekidc4:


Mr Smart, all i know is that My country, our country will be very Great. That's all i know, i don't know what you are talking about??

Oga shut up. Your hypocrisy stinks. We are talking about an obvious back door that was allowed that will still make this unification fail like how SAP failed.

I'm happy a number of Nigerians are getting interested in the way their country is run, cutting through the clutter of propaganda and asking real questions on these reforms. And from what we have discussed so far, we are not yet out of the woods.

MSesan:


Then you have trust issue, work on it...

Ahh.... Mogbe

Only teenagers and gen-z would trust governments

Adults when don live, grow and experience Naija and chee-chomtin would never trust any kind govt. (no be just this one)

Abi disappointment never tire you?? Phew

This one is just implementing Peter Obi agenda p

johnjose68:


The i.pobs do not like Nigeria and they can do everything to distabilize the country.

On a serious note, obi is yet to react to my neighbor's chicken naming ceremony...I guess he like reacting to all events

Your mentality is very low but it looks a lot like i.pob and igbos in general are the only things that can stimulate it a bit.

lexy2014:


Simple question.

As a Nigerian, has your life been easier in the last 3 weeks?

i say your own life go dey hard the the more cos u just start ni.

Lanretoye:
i say your own life go dey hard the the more cos u just start ni.

Is that the way your life is hard? Are u speaking from your personal experience?

As a Nigerian, has your life been easier in the last 3 weeks?

lexy2014:


Is that the way your life is hard? Are u speaking from your personal experience?

As a Nigerian, has your life been easier in the last 3 weeks?

i swear your life no fit get meaning again,you just start ni...only 3weeks you don wan commit suicide,you never see anything.