Just In : Customs increases FX rate for import duties to N1,441/$

The Nigeria Customs Service (NCS) has increased the foreign exchange (FX) rate for import duties to N1,441.58 per dollar.

The increase represents a 4.94 percent as against the N1,373.64/$ adopted on May 1.

The rate adopted by customs was observed on Friday on the federal government’s single window trade portal.

The customs typically adopts FX rates recommended by the Central Bank of Nigeria (CBN) for import duties based on trading activities in the official FX market

The increase represents a 4.94 percent as against the N1,373.64/$ adopted on May 1.

The rate adopted by customs was observed on Friday on the federal government’s single window trade portal.

The customs typically adopts FX rates recommended by the Central Bank of Nigeria (CBN) for import duties based on trading activities in the official FX market.