Again, Customs raises FX rate for import duties to N1, 373/$

For the umpteenth time, the Nigeria Customs Service (NCS) has adjusted the foreign exchange 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.

The new rate adopted by customs was observed on Wednesday.

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