Why Customs adjusted Forex rates for duties collection in Nigerian ports

  • The Nigerian Customs Service has hiked the cost of Forex for duties’ collection for imported items at various ports
  • The Service announced that it had hiked the Forex rates for duties payment from N757 per dollar to N783.17 per dollar
  • The service imposed duties in Nigeria chargeable on imported goods, among other levies.

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The Nigeria Customs Service has modified its tariffs and duties to align with changes in the foreign exchange markets.