In a move that has significant implications for importers and clearing agents, the Federal Government of Nigeria has adjusted the Nigerian Customs Service (NCS) Exchange Rate calculations for import duties.
The 9News Nigeria reports that the rate has been shifted from N770.88/$ to N783.174/$, marking a change in policy five months after the Central Bank of Nigeria (CBN) floated the Naira.
This adjustment, reflected on the NCS portal, aligns with the CBN’s decision to authorize banks to sell foreign exchange at market-determined rates
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
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