AGAIN! CBN Hikes Exchange Rate Used in Calculating Custom Duties in Nigeria

Date: 12-02-2024 9:05 pm (1 week ago) | Author: kacy lee
- at 12-02-2024 09:05 PM (1 week ago)
(f)

The CBN has increased the exchange rate used for calculating Customs duties at the seaports in the country.

According to data from the official trade portal of the Nigeria Customs Service, the exchange rate was adjusted upwards on Monday, February 12th, from 1,417.635 Naira per US dollar to 1,444.56 Naira per US dollar.

The Customs duty rate has been raised by 1.9 percent today. This adjustment marks the fourth time this year that the apex bank has made changes to the rate

As a result, importers and manufacturers who rely on the country’s seaport to bring in essential production materials will be required to pay a higher amount to facilitate the customs clearance of their goods, as import duties will be set according to the value of the dollar.

Furthermore, it indicates a surge of N26,925 and a percentage surge of 1.9 percent, which falls below the official CBN exchange rate of N1,481.982/$ as of Monday morning, February 12, 2024.


Posted: at 12-02-2024 09:05 PM (1 week ago) | Addicted Hero
- Benti247 at 12-02-2024 09:38 PM (1 week ago)
Online (m)
This man and his magician  CADOSO are just confused with CBN
Posted: at 12-02-2024 09:38 PM (1 week ago) | Gistmaniac
Reply
- kp45 at 12-02-2024 10:07 PM (1 week ago)
(m)
These people are sick and confuse
Posted: at 12-02-2024 10:07 PM (1 week ago) | Addicted Hero
Reply
- fineboy77 at 13-02-2024 01:28 AM (1 week ago)
(m)
 Grin Grin Grin

Posted: at 13-02-2024 01:28 AM (1 week ago) | Addicted Hero
Reply
- Joyty33 at 13-02-2024 07:26 AM (1 week ago)
(f)
BUY DANGOTE CEMENT FOR 4300 Dangote cement is one of the most widely purchased brands of cement in Nigeria at the moment. Builders and constructors prefer this brand of cement because it’s strong and dries up faster than others available in the market.
wholesale least package (600 bags And 900 bags). It Is Available for both Distributors And Wholesalers.
Price Per 50Kg Bag : N4,300
Contact Number : 07010794853
(07010794853)
Note minimum purchase is 100 bags.
Posted: at 13-02-2024 07:26 AM (1 week ago) | Newbie
Reply