Commodity prices to fall as CBN lift foreign exchange restrictions on imports of 43 items

 

 

 With the  continued increase in commodities  in the market, the  Central  Bank of Nigeria  is changing its stance and lifting  restrictions on  43 commodities  in the country. 

  The 43  elements  include: 

 

 Rice, cement,  margarine, palm kernels,  palm oil products and vegetable oils, Meat and processed meat products and Vegetables and processed vegetable products. 

  Other products  are: Poultry and processed poultry products,  Geisha fish/canned sardines, Cold-rolled  steel sheets, Galvanized steel sheets, Roofing sheets, Wheelbarrows,  Pans, Boxes  and  metal  containers,  Enamel,  Steel drums, Steel pipes, Wire rods (deformed and  undeformed),  Iron  bars  and  rebar, Steel  mesh, Steel nails,  Fences  and  safety posts  and  razors, Plates and  Wood  chipboard, Panels  and  fiberboards,  Plywood  panels  and panels, Wooden doors, Toothpicks, Glass and glassware, Kitchen utensils, Tableware,  Tiles  and  glass ceramics,  Textiles,  Fabrics, Clothing,  Plastic and rubber products, polypropylene granules, cellophane  packaging  and bags,  Soaps  and cosmetics, Tomatoes/tomato  paste, Eurobonds/currency bonds/stock  purchases, Piston  crowns -bearings,  bearings,  high  voltage cables,  transformers/switchgear  and  gas  cylinders.  

 According to financial experts,  commodity  prices  are expected to  decline.  

 

 

 1. Rice 

 2. Cement 

 3. Margarine 

 4. Palm  fruit  

  Five. palm  oil products 

 6. Vegetable  oil  

 7. Meat and  meat  processed  products 

 8. Vegetables and  vegetable  processed  products 

 9.  Chicken  and  chicken  processed  products 

  Ten. Canned  fish  sauce  (geisha)/sardines  

 11. Cold rolled steel  plate  

 12. Galvanized steel  sheet  

 13.  Roof sheet  

 14.  Wheelbarrow  

 15.  head swivel  

 16. Metal boxes and containers 

 17.  Hollowware  

 18. Steel  barrel  

 19. Steel  pipe  

 20. Wire  rod (unshaped/unshaped)  

 21. Iron  Bar  

 22.  Rebar  

 23. Wire mesh 

 24. Steel nails 

  twenty five. security  and  shaving fence  and poles 

 26.  Wooden chipboard  and panels 

 27. Wood  fiber boards  and panels 

 28. Plywood  sheets  and panels 

 29. Wooden  door  

 30.  toothpick  

 31. Glass and glassware 

 32.  Kitchenware  

 33. Tableware 

 34.  Stoneware  and ceramic  tiles  

 35.  gas cylinder  

 36.  Textiles  

 37. Clothes 

 38. Plastic and rubber products 

 39. Polypropylene granules 

 40.  cellophane packaging  and bags 

 41.  Soaps  and cosmetics 

 42.  Tomato/Tomato paste  

 43.  Eurobonds/Foreign Currency Bonds/Stock Purchases 

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