Importation & Exportation News

Full List Of Import Items Banned By CBN From Forex

import items banned by cbn
Written by Uche Francis

Import ban as the name implies is simply a situation whereby specific items, goods, and services are banned from being imported into the country.

This ban may arise if the said item is considered harmful to the masses of the said country. Or contain a harmful substance that can react adversely and become life threatening. However, that can only apply to the goods listed in the Custom prohibition list.

As for goods banned by CBN (Central Bank of Nigeria), the reason is not far-fetched.

This decision came into play back in 2015 when the Nigeria foreign reserve came to an all time low. The federal government could no longer stand to sustain the excess forex (dollar, pounds, euro etc) demand of Nigerian importers. And placed a ban on items considered as personal luxury (e.g cars, phones, clothes etc) instead of needs and necessity (e.g raw materials needed for production).

However, from 2015, 2016 and now 2017, some extra items has been added or rather removed from the list.

The whole idea was to encourage local production, boost export instead of import in other to strengthen the naira value against the dollar and other foreign currencies. By simply removing this unwanted item from the list of importable items having access to forex at the official rate. Meaning if you want to import the CBN banned items, you may have to source for dollars yourself at the parallel market or Bureau De Change (BDC). Whose rates are usually a lot more expensive than the official rate.

With that said, let’s proceed…

import items banned by cbn

Alphabetical List Of 41 Items Banned By CBN

The items banned forex were actually 40 in number. But several publications has it as 41. Hence the above value. You will find below, the alphabetical arrangements of the items;

  1. Cement
  2. Clothes
  3. Cold rolled steel sheets
  4. Enamelware
  5. Eurobond/foreign currency bond/ share purchases
  6. Galvanized steel sheets
  7. Glass and Glassware
  8. Head pans
  9. Indian incense
  10. Iron rods and reinforcing bard
  11. Kitchen utensils
  12. Margarine
  13. Meat and processed meat products
  14. Metal boxes and containers
  15. Palm kernel/Palm oil products/vegetables oils
  16. Plastic and rubber products, polypropylene granules, cellophane wrappers
  17. Plywood boards and panels
  18. Poultry chicken, eggs, turkey
  19. Private airplanes/jets
  20. Rice
  21. Roofing sheets
  22. Security  and razor wine
  23. Soap and cosmetics
  24. Steel drums
  25. Steel nails
  26. Steel pipes
  27. Tableware
  28. Textiles
  29. Tiles-vitrified and ceramic
  30. Tinned fish in sauce(Geisha)/sardines
  31. Tomatoes/tomato pastes
  32. Toothpicks
  33. Vegetables and processed vegetable products
  34. Wheelbarrows
  35. Wire mesh
  36. Wire rods(deformed and not deformed)
  37. Wood Fibre Boards and Panels
  38. Wood particle boards and panels
  39. Wooden doors
  40. Woven fabrics

NOTE: These products/items are actually not prohibited from being imported into Nigeria. Neither are they considered harmful… They’re actually importable goods any importer can import into the country. The only difference is that they are not valid for forex at the Nigerian foreign exchange market. Our next post will be on the list of products that can be imported into Nigeria.

Meanwhile, you can check out our other resources such as how to become an import-export agent, our detailed post on getting an Agric export license or the Nigerian customs import prohibition list which is directly related to this post.

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About the author

Uche Francis

Am a self-published author, blogger, tech enthusiast, transport manager and I love Information. Love to Write and the Internet is my home.