‘Again, CBN raises Customs duty rate to N1,605.82/$1 as Obi warns importers may shun Nigerian ports

The Central Bank of Nigeria (CBN) has again, for the umpteenth time, increased the rate for Customs duty exchange to N1,605.82/$1.

This development is coming less than five days after it marginally reduced the Customs Exchange rate from N1515.48 to N1472.756\$1

The rate, which has already been reflected on the Customs portal today, February 21st, 2024, has further dampened the hope of the despondent customs brokers and their importers that the Apex bank had finally eased its foot on the pedal.

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