fx rate
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Nigeria Nigeria Customs Cuts Import Duty FX Rate to N1,480 Per Dollar
Nigeria Customs has reduced the forex rate for import duties to N1,480 per US dollar, down 3.28% from N1,530. The new rate, effective Monday, aims to manage import costs but raises inflation concerns. Experts debate pros and cons amid Nigeria's currency challenges. The Nigeria Customs Service...- Nigeria News
- Article
- 2 min read
- foreign exchange rate fx rate ncs nigeria customs service
- Category: Business
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Nigeria Nigeria Customs Service: Cargo Clearance FX Rate Plunges Below Market Prices
Recent updates from the Nigeria Customs Service (NCS) reveal a surprising development in the foreign exchange market, as the exchange rate for cargo clearance has dropped to N1,164.84/$, falling below both official and parallel market rates. This significant shift, reported by Nairametrics...- Nigeria News
- Article
- 2 min read
- cargo clearance foreign exchange market fx rate naira depreciation nigeria customs service official market parallel market
- Category: Business
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Nigeria Adelabu's Claim of Electricity Tariff Reduction if FX Rate Falls Below N1,000 Met With Public Skepticism
Adebayo Adelabu, the Minister of Power, has stirred discussion by asserting that electricity tariffs could decrease if the foreign exchange (FX) rate falls below N1,000. His remarks come in the wake of the Nigerian Electricity Regulatory Commission's (NERC) approval of an increase in electricity...- Nigeria News
- Article
- 2 min read
- adebayo adelabu electricity tariff fx rate minister of power
- Category: Politics
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