Customs Duty

Customs Exchange Rate For Import Duties Rises To N1,524/$1

Customs Exchange Rate For Import Duties Rises To N1,550/$1

The exchange rate for customs duties collection has increased from N1,512/$ to N1,550/$1 in about 48 hours. This reflects N38 or 2.5 per cent increase when compared to the previous rate. The

Victor Ezeja

2 weeks ago

Business

Customs Exchange Rate For Import Duty Rises By 2.04% In 4 Days

Nigeria Customs Exchange rate for calculating duties has increased by 2.04 per cent in four days. From N1,447.97/$1 on Monday, 10 June, it increased to N1477.65 as of Friday 14 June 2024.

Victor Ezeja

1 month ago

Finance & Economy

Nigeria Customs Scaring Away Importers From Ports With High Duties – T-PACI President

National President of The Patriots Anti-Corruption Initiative (T-PACI), Stephen Chigozie Ibe, has expressed concerns that the volume of goods that come through Nigerian ports has dwindled because of high import duties imposed

Victor Ezeja

2 months ago

Business·Latest News·Markets

Nigeria’s Exchange Rates For Customs Duties Rise By 23.9% In Two Days As Naira Continues Fall

The exchange rate for Nigeria Customs duties collection has surged by 23.9%, rising from N1,196.6 per USD to N1,482.9/$. This increase of N286.3 occurred over just two days, starting from 30th May

Emmanuel Ochayi

2 months ago

Business·Latest News·Markets

Customs Duty Exchange Rate Hits N1530/$ Amid Naira Depreciation Continues

In a development impacting import economics, the Nigerian Customs Service (NCS) has adjusted its exchange rate for duty collections to N1530/$, up from N1492/$, reflecting a direct response to the naira’s depreciation.

Emmanuel Ochayi

2 months ago

Business·Latest News

Customs Duty: FX Rate Collection Rises To N1457/$1 In 6 weeks

The Nigerian Customs Service (NCS) has recorded a rise in the exchange rate for customs duties collection, hitting N1457/$1, marking the highest rate seen in just over six weeks, as per the

Emmanuel Ochayi

3 months ago

Business·Latest News·Markets

Customs Duty: Naira Depreciation Worsens As Exchange Rate Hits N1,441.53/$1

The recent increase in the exchange rate for customs duty collection to N1,441.53 to the USD has sparked concerns among stakeholders, coming at a time when the naira is experiencing significant depreciation.

Emmanuel Ochayi

3 months ago

Business·Finance & Economy·Latest News

Unstable Customs Duty Exchange Rate Weakens Investors’ Confidence In Nigeria’s Economy – Expert

As Nigeria Customs Service (NCS) continues to adjust rate for calculating import duty due to fluctuations in the foreign exchange market, economic expert, Dr Muda Yusuf, has warned that it is hurting

Victor Ezeja

3 months ago

Currency·Finance & Economy

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

CBN has increased the foreign exchange (FX) rate for calculating Customs duties by 19.43 per cent in one week following the recent depreciation of the naira in the forex market.

Victor Ezeja

3 months ago

Business

Customs FX Rate For Import Duties Drops Again To N1,147/$

The Nigeria Customs Service (NCS) has again slashed the foreign exchange (FX) rate for calculating import duties from N1,238.1 to N1,147.02 per dollar.

Victor Ezeja

3 months ago

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Customs Exchange Rate For Import Duties Rises To N1,550/$1

Customs Exchange Rate For Import Duty Rises By 2.04% In 4 Days

Nigeria Customs Scaring Away Importers From Ports With High Duties – T-PACI President

Nigeria’s Exchange Rates For Customs Duties Rise By 23.9% In Two Days As Naira Continues Fall

Customs Duty Exchange Rate Hits N1530/$ Amid Naira Depreciation Continues

Customs Duty: FX Rate Collection Rises To N1457/$1 In 6 weeks

Customs Duty: Naira Depreciation Worsens As Exchange Rate Hits N1,441.53/$1

Unstable Customs Duty Exchange Rate Weakens Investors’ Confidence In Nigeria’s Economy – Expert

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

Customs FX Rate For Import Duties Drops Again To N1,147/$

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