Why CBN reduced Customs duty rates two times in 24 hours

  • Barely 24 hours after making the last change, the Central Bank of Nigeria (CBN) has again adjusted the FX rate for Customs duty
  • CBN crashed the foreign exchange rate for cargo clearance from N1,613.19 per dollar to N1,588.29 amid the massive gains of the naira against the dollar
  • Data from the FMDQ Exchange shows that the naira exchanged for N1,567 on Thursday, December 5, 2024

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

The Central Bank of Nigeria (CBN) has adjusted the foreign exchange rate for importers to clear goods from Nigeria’s air and seaports.