CBN’s Upward Adjustment Of Customs Exchange Rate Will Hurt Businesses, Discourage Investors— CPPE Warns

By
NigeriaDNA
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The Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Mr. Muda Yusuf has warned of the dangers surrounding the increase in exchange rate for import duties in the country.

Recall that the Central Bank of Nigeria, (CBN) had on June 24, 2023, adjusted the exchange rate from N422.30 to N589 per dollar.

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