24 Hours After Reduction, Customs Forex Duty Rate Raised By 12.2%
The Central Bank of Nigeria (CBN), has increased the exchange rate for calculating tariff and import duties collection at the nation’s seaports and airports. This is following the depreciation of the naira at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the nation’s official foreign exchange market. The exchange rate was increased from N1,164.84/$1, on Sunday …
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