Nigeria's Central Bank Adds Fertilizer To Its List of Imports Items Classified as Not Valid For FX

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Tuesday, December 11,  2018 / 08:41 AM / CBN                          


In the continued effort to sustain the achievement recorded from the classification of 41 Import Items as ‘Not Valid For Foreign Exchange’ in the Nigerian Foreign Exchange Market, Authorised Dealers and the general public are hereby notified of the inclusion of ‘Fertilizer’ on the list effective December 07, 2018 

However, CBN will ensure that transaction (Form M) on fertilizer for which payments are outstanding are settled at the appropriate settlement dates.


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