Customs Duty Rises to N1,457 per Dollar
The exchange rate for import duties collection by the Nigerian Customs Service (NCS) has risen to N1457/$, the highest in just over six weeks, according to checks on the exchange rate portal of the NCS.
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According to data on the portal, the current customs exchange rate is the highest since the 22nd of March 2024 when the figure stood at N1572.5/$.
There has been a gradual appreciation of the naira after that, occasioned by policies of the Central Bank of Nigeria (CBN) which saw the NCS’ exchange rate fall to a three-month low of N1147/$.
