- Following the appreciation of the Nigerian currency, the naira, the Central Bank of Nigeria (CBN) has adjusted FX rates to clear goods from the ports
- The CBN pegged the Customs exchange rates for duties collection at N1,541 from the N1,584
- The development follows the rise in Nigeria’s external reserves to a 17-month high of $37.05 billion in July 2024
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment, and the economy for over a decade.
The exchange for import duties collections by the Nigeria Customs Service has crashed from N1,584 per dollar on Monday, July 22, 2024, to N1,541 as of July 24, 2024.
