ANNOUNCED AS TEMPORARYNo
Import-related non-tariff measure, nes
On 17 May 2017, the government of Nigeria for the first time published a list of 36 products transactions associated with which have access to the foreign exchange market. These transactions can benefit from the allocation of foreign currencies for the payment of their related imports by the Central Bank.
These 36 items of the list include certain fats and oils, plastics, yarns, papers and cardboard, and materials used in the manufacture of pharmaceutical products.
In mid-2015, the Nigerian Central Bank had issued a foreign exchange ban on 40 product groups, including food, building materials, cosmetics, household goods, textiles and furniture.
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