See Customs' new exchange rate to clear goods at ports as Naira falls

  • The CBN has announced new custom duty rates for importers to clear goods at the nation’s ports
  • The latest rates will come as another significant relief to businesses and importers who have struggled to clear their goods
  • The new dollar exchange rate reflects the current rate at the Nigerian Autonomous Foreign Exchange Market (NAFEM)

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.