CBN Raises Customs Duty Rate To N1, 560.511/$.
The Central Bank of Nigeria (CBN) has again raised the exchange rate for calculating Customs duties at the nation’s seaports by 1.1 percent after a few days of stability. The Customs duty rate was reviewed upwards from N1, 544.081/$ to N1, 560.511/$ on March 6, 2024, according to information on the official trade portal of the Nigeria Customs Service. The current review by the apex bank represents a 1.1 percent […]
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