CBN Hikes Customs Duties Rate Again as Naira Depreciates
The Central Bank of Nigeria (CBN) has effected an upward review of the exchange rate for Customs duties at the nation’s seaports. The duties were increased by 11.1% due to the devaluation of the naira against the United States (US) dollar in the foreign exchange market. The new Customs FX duty rate is now ₦1,277.526/$, […]
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