By Ngozi Onyeakusi — The Central Bank of Nigeria has included fertiliser on the list of 41 import items classified as ‘not valid for foreign exchange’ in the Nigerian forex market.

The CBN disclosed this on Monday in a circular on ‘Inclusion of some imported goods and services on the list of items not valid for forex in the Nigerian forex market.’

It added that it would ensure that transaction (Form M) on fertiliser “for which payments are outstanding are settled at the appropriate settlement dates.”