CPPE decries volatility of Customs duty exchange rate

The Center for Promotion of Private Enterprises (CPPE) has decried the volatility and frequent movement of the Nigeria Customs Service (NCS) duty exchange rates.

The Service had earlier on Wednesday adjusted the foreign exchange (FX) rate for import duties to N1, 373.64 per dollar.

This represents a 19.4 percent increase compared to N1, 150.1/$ announced by the service on April 24.

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