Cardoso to Presco: Winners & losers as CBN lifts dollar ban on 43 items

Nigeria’s net reserves surge by 772.18% to $34.8bn in two years – Cardoso

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN)

The Central Bank of Nigeria on Thursday unwinded an 8-year-old policy that restricted importers of some 43 items from rice to milk from buying dollars from the banks. With the foreign exchange restriction lifted, here are some of the winners and losers. Cardoso, FX market & naira Nigeri

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