Again, Customs FX rate for import duties increases to N1,441/$1, higher than official rate

For the second time this month, the Nigeria Customs Service (NCS) has adjusted the foreign exchange (FX) rate for import duties, this time, to N1,441/$1.

This represents a 4.94 percent increase compared to the N1,373.64/$ adopted on May 1.

The rate adopted by customs was observed on Friday on the Federal Government’s single window trade portal.

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