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Nairaland Forum / Nairaland / General / Business / CBN To Intervene In Forex Market, Lifts Ban On 43 Items (44930 Views)
Currency Redesign, 43 Items, Naira Float… Major Policies Of CBN In 2023 / What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items / CBN Reiterates Stance On FX Access, ‘status Quo Remains On 43 Non-eligible items (2) (3) (4)
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Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Reference(m): 5:57pm On Oct 12, 2023 |
'....rice, cement, margarine, palm kernel, palm oil products, vegetable oils, meat and processed meat products, vegetables and processed vegetable products, poultry, tomatoes/tomato paste, soap and cosmetics, and clothes....' Now it is up to the government to ask why these items are still being imported enmasse and what they are doing to ensure Nigeria is self sufficient in these. That is real programs with timelines for delivery. That intent in itself will send positive signals to the markets. That is what governance is all about. Roll out a Marshal plan. Get the major industrialists on board and sit them down in Aso Rock until they are sick and tired of seeing Mr. President's face and hearing his threats. 5 Likes |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by zyphr(m): 5:58pm On Oct 12, 2023 |
Trial and error economics. 5 Likes |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Drickstore(m): 5:58pm On Oct 12, 2023 |
A very nice development 4 Likes |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Cantonese: 5:58pm On Oct 12, 2023 |
Hmm. So at last the same government encourages importation? So that is what “my team and I” has ended up promoting? Wetin we no go see sef? |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by concacid: 5:58pm On Oct 12, 2023 |
Good move if well implemented and monitored. The DMBs should ensure strict compliance devoid of sabotage and we will be good I guess. 1 Like |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by creativehubb: 5:58pm On Oct 12, 2023 |
CBN should ban use of dollars in Nigeria 9 Likes 1 Share |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Babangidapikin: 5:58pm On Oct 12, 2023 |
Policy summersaults all the time... Bandits too no help matters ... Intervention is good in the fx market but lifting of bans for fx on goods limited should be temporary .. Obviously we don't have an Economic team except they have no clue what they are doing...just getting wingle by emotions . 3 Likes 2 Shares |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by okewumi: 5:59pm On Oct 12, 2023 |
oneclickng: Agent of darkness. Is it not better something good happens. Some of u are destined for sufferness and l will never be part of that. Everyday counts! !. If their policy work, even if you are not in nigeria, your extended family are theire. We need to be positive in life bc you can never be here forever. 9 Likes |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Skillsnigeria: 5:59pm On Oct 12, 2023 |
Hmmm |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Bizibi(m): 5:59pm On Oct 12, 2023 |
oneclickng:something has to happen,we are at an edge of serious crisis like the Zimbabwe scenario. 3 Likes 1 Share |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by InvertedHammer: 6:00pm On Oct 12, 2023 |
AngelicBeing:/. What government policy do you expect? Not when they are constantly drawing down external reserves. No tactics. No plan. No strategy. Just on cruise control and hoping that nothing catastrophic happens in the global arena. Nigeria has administrators not leaders. / 3 Likes |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Gee64: 6:00pm On Oct 12, 2023 |
Suffering in the land! Many are dying out of abject poverty in Nigeria. Too many beggars from the North all over the South. No education, no skill. |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Kpartners: 6:01pm On Oct 12, 2023 |
Againstallodds:And go up again in the coming weeks |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by gladdensir(m): 6:02pm On Oct 12, 2023 |
oneclickng: I can't just stop laughing |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by frog12: 6:02pm On Oct 12, 2023 |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Akwamkpuruamu: 6:03pm On Oct 12, 2023 |
Agbadonomics and cassava commodification in play. |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Againstallodds: 6:04pm On Oct 12, 2023 |
Kpartners:I will buy the dip and keep 2 Likes |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Ofunaofu: 6:04pm On Oct 12, 2023 |
creativehubb: This should be the real deal Ban use of dollars 3 Likes |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Iamzik: 6:05pm On Oct 12, 2023 |
Useless APC government just want to cause panic selling like they did last month The ship has sailed already 1 Like |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by harsysky(m): 6:05pm On Oct 12, 2023 |
Tinubu has been very busy o, but na busy doing nothing. Which sector is running fine under him at the moment? I would say Atiku and Obi go to hell if there is one sector that has improved so well. 1 Like |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Resurgent2016: 6:05pm On Oct 12, 2023 |
Long need move, kudos |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Fryx: 6:06pm On Oct 12, 2023 |
chisomkachy: How is encouraging imports beneficial? |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by JOSBOLA(m): 6:06pm On Oct 12, 2023 |
mikeapollo: I have never seen this type of government; very very useless and clueless government. 3 Likes |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by freemanq(m): 6:06pm On Oct 12, 2023 |
This policy of front and back have never helped us 1 Like |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Angelfrost(m): 6:08pm On Oct 12, 2023 |
oneclickng: Absolutely nothing... Nor be by lengthy and bogus grammar. 1 Like 1 Share |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Brushstrokes20: 6:11pm On Oct 12, 2023 |
Day just break abi I never imagined any mortal can beat Buhari"s WOEFUL records! 😕 3 Likes |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by AlphikkaTech: 6:13pm On Oct 12, 2023 |
ShootThemAll:No, they are not confused. You either did not read the article or you have a low comprehension capacity. 1 Like |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Khastro(m): 6:14pm On Oct 12, 2023 |
chisomkachy: Allowing importers to access FX for this purpose will return pressure on already scarce FX. Why can't we focus on solving this mono economy challenge? Cbn should review this plan 4 Likes |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by AlphikkaTech: 6:14pm On Oct 12, 2023 |
Brushstrokes20:🤣🤣🤣🤣 I believe this is a good step. Nigerians will focus on local production now. |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by hatchy(f): 6:15pm On Oct 12, 2023 |
Againstallodds:Agbadonomics. You all will receive what you ordered for. Shebi una dey shout Ebola and APC up and down because of tribal and religious sentiments. 1 Like |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Abujaexpress: 6:15pm On Oct 12, 2023 |
One very good thing about President Tinubu is that he is a listening person. If policies are not okay and the people cry, he listens and takes action 7 Likes |
Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by Abujaexpress: 6:17pm On Oct 12, 2023 |
frog12:Since the ban on the excuse that those items could be produced locally and meet the demand of Nigerians, what has been the impact? 9 Likes 1 Share |
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