Again, CBN Adjusts Customs Exchange Rate to Clear Goods As Naira Falls Against US Dollar

Again, CBN Adjusts Customs Exchange Rate to Clear Goods As Naira Falls Against US Dollar …C0NTINUE READING HERE >>>

The CBN has adjusted the exchange rate used for Customs duty by importers to clear goods at portsThe new Customs exchange rate reflects the depreciation of the naira in both the official and unofficial marketsThe hope for cheaper imported goods remains distant, as the new exchange rate means importers will pay more to clear goods

The Central Bank of Nigeria (CBN) has again decided to increase the Nigeria Customs duty exchange rate to clear goods at ports and airports.

According to…

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