- The CBN has decided to slash the naira-to-dollar exchange rate for calculating Nigeria customs duty
- Customs has already begun implementation of the new rates, which will come as a big relief to businesses and importers
- The good news comes as the value of the naira appreciated in the official and unofficial markets during the week
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Central Bank of Nigeria (CBN) has slashed the Nigeria Customs Service exchange rate to calculate import duties at the nation’s ports.
