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CBN lifts forex restriction on 43 items

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 •CBN Governor, Yemi Cardoso
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The Central Bank of Nigeria (CBN) has restated commitment to boost liquidity in the Foreign Exchange (FX) market.

CBN’s Director, Corporate Communications, Dr Isa AbdulMumin, made this known on Thursday in Marrakech.

AbdulMumin also announced that Importers of all the 43 items previously restricted in 2015 are now allowed to purchase foreign exchange in the Nigerian FX market.

He said that the apex bank would continue to promote orderliness and professional conduct by all participants in the market.

According to him, the idea is to ensure that market forces determined exchange rates on a “Willing Buyer-Willing Seller” principle.

“The CBN reiterates that the prevailing FX rates should be referenced from platforms such as the CBN website, FMDQ, and other recognised or appointed trading systems.

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“This is to promote price discovery, transparency, and credibility in the FX rates,” he said.

The director said that as part of its responsibility to ensure price stability, the apex bank would boost liquidity in the Nigerian FX market by interventions from time to time.

“As market liquidity improves, these CBN interventions will gradually decrease.

“The CBN is committed to accelerating efforts to clear the FX backlog with existing participants and will continue dialogue with stakeholders to address the issue.

“The CBN has set as one of its goals the attainment of a single FX market. Consultation is ongoing with market participants to achieve this goal, ” he said.

Below is the full list of the 43  items:

1. Rice

2. Cement

3. Margarine

4. Palm kernel

5. Palm oil products

6. Vegetable oils

7. Meat and processed meat products

8. Vegetables and processed vegetable products

9. Poultry and processed poultry products

10. Tinned fish in sauce (Geisha)/sardine

11. Cold rolled steel sheets

12. Galvanized steel sheets

13. Roofing sheets

14. Wheelbarrows

15. Head pans

16. Metal boxes and containers

17. Enamelware

18. Steel drums

19. Steel pipes

20. Wire rods (deformed and not deformed)

21. Iron rods

22. Reinforcing bars

23. Wire mesh

24. Steel nails

25. Security and razor fencing and poles

26. Wood particle boards and panels

27. Wood fiberboards and panels

28. Plywood boards and panels

29. Wooden doors

30. Toothpicks

31. Glass and glassware

32. Kitchen utensils

33. Tableware

34. Tiles-vitrified and ceramic

35. Gas cylinders

36. Woven fabrics

37. Clothes

38. Plastic and rubber products

39. Polypropylene granules

40. Cellophane wrappers and bags

41. Soap and cosmetics

42. Tomatoes/tomato pastes

43. Eurobond/foreign currency bond/ share purchases

 

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Wanted banditry kingpin, Ado Aleru, attends fresh ‘peace talks’ with Katsina community residents

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Notorious wanted bandit kingpin, Ado Aleru, has once again surfaced publicly, attending fresh peace talks with residents of Kankara Local Government Area in Katsina State.

The meeting marks another round of dialogue between communities terrorised by banditry and the armed groups that have plagued Nigeria’s North-West region for years.

Aleru is a wanted criminal on Nigerian security forces’ list, with a ₦5 million bounty on his head. Despite this, he has repeatedly appeared at peace meetings across Katsina State.

During the latest meeting, Aleru reportedly explained why previous peace efforts failed to bring lasting peace. His appearance has raised serious questions about whether these agreements can actually work.

The peace talks come just days after Aleru suffered a major blow in a military encounter at Doma village, Katsina State. Reports indicate:· His son was killed along with eight other family members· About 30 motorcycles belonging to his network were destroyed· The losses have significantly weakened his criminal network’s strength and mobility.

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This is not Aleru’s first peace meeting. He previously attended talks in:· June 2025 – Danmusa LGA, Katsina State·

September 2025 – Faskari LGA, where he vowed to embrace peace·

October 2025 – Kakumi village, where a peace accord was signed

In September 2025, Aleru said he had previously withdrawn from peace efforts after his son was arrested, calling the arrest “unjust”.

Aleru’s participation in peace talks despite being wanted has sparked heated debate:Supporters of dialogue argue that negotiations can reduce attacks and help communities return to normal life.

Critics warn that agreements with armed groups often collapse, pointing to continued attacks linked to Aleru’s network even after previous peace deals.

Adding to the controversy, Aleru was previously given a traditional title in Zamfara State during the administration of former Governor Bello Matawalle, who is now Nigeria’s Minister of State for Defence.

Katsina State is one of several North-Western states hit hard by banditry, with killings, kidnappings, and displacement affecting countless communities. The fresh peace talks in Kankara show that some communities are still willing to negotiate – even with wanted kingpins like Ado Aleru.

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‘Tinubu has called me, congratulated me,’ Adeleke says after Osun Re-election Victory

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President Bola Tinubu gives Osun state governor Governor Adeleke a Handshake. Photo Credit: X @AAdeleke_01
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•  Adeleke of the Accord Party, polled 511,067 votes to defeat APC’s Oyebamiji, who scored 444,815 votes

Osun State Governor, Ademola Adeleke, has revealed that President Bola Tinubu called and congratulated him shortly after he was declared winner of the August 15 governorship election.

Adeleke made the disclosure while speaking to journalists on Sunday after the Independent National Electoral Commission (INEC) declared him winner of the election.

He thanked President Tinubu for congratulating him, saying the president had contributed to the sustenance of democracy.

“I feel great. First of all, I thank the God Almighty for what has happened today. It’s a victory for democracy in Nigeria,” And, of course, I want to seize the opportunity to thank Mr President. Mr President has called me, and he has congratulated me, and I thank you, Mr President, for making sure democracy lives on because you fought for it, Mr President,” the governor said.

President Tinubu and Governor Adeleke have maintained a pragmatic relationship despite belonging to rival political parties. Despite their political differences, both leaders have maintained a cordial relationship, with Adeleke making high-profile visits to Tinubu and the President engaging with the Osun governor.

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Victory for Osun people, Olive Branch

Speaking further, Adeleke said the result represented a victory for the people of Osun, who, according to him, had endorsed his administration’s performance in office.

“A victory for democracy. A victory for Osun people that stood by me and said, Imole, you have done a lot for us. You have given us the dividends of democracy in terms of infrastructure, improving our education, agriculture and so forth. So this is the Osun people saying, ‘Thank you, Mr Governor,’” he said.

The governor, who secured a second term after defeating his closest challenger, Bola Oyebamiji of the All Progressives Congress (APC), said his administration would focus on transforming Osun from a civil service-dependent state into an industrial hub.

“I will repay that thank you by making sure that I have a vision. My vision is to make sure that Osun State moves from a civil servant state to an industrial state. I will make sure, all across Osun State, development is on. I love you all, Osun State,” Adeleke said.

Adeleke also extended an olive branch to his opponents, describing the election as a contest without a victor or vanquished.

“Yes, this is no victor, no vanquished. I want them to come over. I’m expecting Oyebanji, even as a civilised person, to call me and congratulate me,” he said.

Asked whether he had ever feared that the election could go against him, Adeleke replied: “No. I have a God. I have a God who never fails.”

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Osun: When the people stand, democracy wins, says Obi, congratulates Adeleke

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Peter Obi donates ₦10 million to Nursing College
NDC presidential candidate, Peter Obi
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The presidential candidate of the National Democratic Coalition (NDC), Peter Obi, has congratulated Osun State Governor, Ademola Adeleke, on his re-election, describing the outcome of the governorship poll as a victory for democracy and the people.

The Independent National Electoral Commission (INEC) on Sunday morning declared Adeleke of the Accord Party as the winner of the 2026 Osun State governorship election.

Announcing the final results, INEC Returning Officer, Prof. Joshua Ogunwole, the Vice- Chancellor of the Federal University, Oye-Ekiti declared Adeleke winner and returned him elected.

Ogunwole announced that the Accord Party candidate secured 511,067 while his closest challenger, Bola Oyebamiji of the All Progressives Congress (APC) recorded 444,815 votes.

Adeleke trounced his major opponent with 66,252 votes amid wild jubilation by party supporters and other residents.

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Reacting in a statement on his official X account, Obi said the people of Osun had spoken clearly through the ballot, while commending citizens, particularly youths, for defending their democratic mandate.

“I warmly congratulate Governor Ademola Adeleke on his re-election and the good people of Osun State on this important democratic victory,” Obi said.

“They, the people of Osun, have spoken with courage and clarity, reaffirming that the power to choose their leaders belongs to the people.

“Through his commitment to the people, compassion for their needs, and the strength of his work and achievements in office, Governor Ademola Adeleke has earned their renewed confidence and been entrusted once again with their mandate.

“I particularly commend the courageous youths of Osun who rose to the occasion and peacefully defended their democratic mandate.

“Their vigilance and determination demonstrate that when citizens stand firmly to protect their votes, the forces of good can overcome the forces of darkness.

“The lesson from Osun is clear: democracy is strongest when citizens are alert, conscious of their civic responsibility, and determined to ensure that their votes count.

“Every genuine vote must be respected, and every lawful mandate must be protected. This is also a clarion call as we approach 2027. Nigerians must remain informed, participate actively, vote, and protect their votes.

“The Nigerian people are the ones experiencing hunger, deprivation, insecurity, and hardship; therefore, they are also the ones with the power, through their votes, to bring about the change that will end these conditions.

“I urge all political actors to place the interests of the people above partisan considerations and to embrace peace, unity, and the rule of law.”

Obi warned that elections should never be battles of violence, but contests of ideas, competence, character, and service.

“May the Osun experience strengthen our confidence in the democratic process and inspire Nigerians everywhere to remain vigilant and committed to building a just, secure, prosperous, and truly people-centred nation. A New Nigeria is possible,” the former Governor of Anambra State added.

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