Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month
The foreign exchange (FX) rate for calculating import duties by the Nigeria Customs Service (NCS) has dropped by 23.8 per cent in one month.
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CBN’s FX Rates For Import Duty Disrupts Our Services, Customs Boss Cries Out
Comptroller General of the Nigeria Customs Service (NIS), Adewale Adeniyi, has lamented about the current FX rates system approved by the Central Bank of Nigeria (CBN), saying it has caused disruptions in their services.
Customs Forex Duty Rate Drops Again By 3% As Naira Strengthens Further
The Nigeria Customs exchange rate for calculating import duty at the nation’s ports has decreased further by 3 per cent on the back of continuous appreciation of the naira in the foreign exchange market.
Customs Exchange Rate For Import Duty Drops To N1593/$
The Nigeria Customs exchange rate for calculating import duty at the ports has decreased by N31.32 to N1593.41/$ from N1,624.732/$ last week.
Peg Import Duty Dollar Rate At N1000/$ – CPPE Urges CBN
The Centre for the Promotion of Private Enterprise (CPPE), has urged the Central Bank of Nigeria (CBN) to peg exchange rate for Customs duty assessment at ₦1,000/$ to alleviate the financial difficulties faced by importers at the nation's ports.
CBN Raises Customs Duty Rates By 59.1% In 2 Months Amid Naira Depreciation
CBN has increased the rates for computing Customs duties at ports for the sixth time in 2024 making it rise by 59.1 per cent since December 2023
EU Unveils New Import Control System For Maritime, Rail, Road
European Union’s new customs pre-arrival safety and security system, Import Control System 2 (ICS2), has introduced a new process for entry of goods by maritime and inland waterways, road and rail in the EU.
Senate Calls For Probe As Customs Reveals N1.3trn Revenue Loss Under Buhari
The Senate has called for an immediate probe of a revenue loss of N1.3 trillion which was revealed by the Nigerian Customs Service(NCS) due to concessions granted during the previous administration.
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