Customs raises FX rate for import duties by 23% to N1,474/$
The Nigeria Customs Service (NCS) has revised the foreign exchange (FX) rate for import duties, setting it at N1,474.69 per dollar as of Friday. This new rate signifies an increase of N278, or 23.2 percent, compared to the previous rate of N1,196.61/$ that was in place on Thursday, May 30. Reports indicate that the updated … Read more