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The Central Bank of Nigeria, CBN seems to have heeded to the advice of His Excellency, Peter Obi concerning his disgust over FG’s inconsistency in Duty charges. This is a government of trial and error…. However, it’s only a step in good direction if they can Consolidate on that to fix the crisis. I wish to urgently
Barely 24 hours after it increased the Customs exchange rate to N1, 356.883 per dollar on Friday, the Central Bank of Nigeria, CBN, has Saturday morning once again jerked up the rate to N1, 413.62. The new rate has since been reflected on the Customs trade portal. The increase was vehemently opposed by importers and Customs
Information available to Techeconomy shows that importers will pay more import duty for the clearance of their cargoes at the nation’s seaports. Our correspondent gathered that the Federal Government through the Central Bank of Nigeria, has raised the exchange rate for cargo clearance from N783/$ to N952/$. This became the fourth time the exchange rate