Customs import duty rate falls to N1,238/$

Import customs duty rate drops to N1,238/$

The exchange rate for import customs duties was on Wednesday, April 10, adjusted downwards to N1,238/1$ by the Central Bank of Nigeria.

The adjustment represents a decline of 6.8 percent compared to N1,246.66/$ displayed on April 8. The recent development is below the official exchange rate, which closed at N1,248.5/$ on April 9 at the Nigerian Autonomous Foreign Exchange Market (NAFEM). ).

This is said to be part of the effort by the Central Bank of Nigeria (CBN) to stabilize the Naira.


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