Tag: Import Duties

Customs Exchange Rate for Import Duties Hits N1,441/$, Surpassing Official Rate

by Harry Choms

May 4, 2024

The exchange rate for customs duty collection has surged to N1,441.53 against the US dollar over the past two days. This marks a significant jump from N1,373.64/$ recorded at the ...

Customs Exchange Rate for Import Duties Surpasses Official Market Rate, Reaching N1,330/$

by Harry Choms

April 4, 2024

The exchange rate utilized for customs import duties and cargo clearance payments currently exceeds Nigeria's foreign exchange market's official Naira to USD rate. According to data from the customs exchange ...