Nigeria Customs Lowers Exchange Rate for Import Duty Payments
No Comments on Nigeria Customs Lowers Exchange Rate for Import Duty Payments
April 19, 2024
The Nigeria Customs Service (NCS) has announced a significant adjustment to the exchange rate used for calculating import duties, dropping it from N1238.1 to N1,147 per US dollar. This reduction of N91.1 marks a welcome development for importers, coming…