By Adedapo Adesanya The Central Bank of Nigeria (CBN) has once again raised the customs import duty at the nation’s ports with importers now charged N1,327.35/$ per Dollar, signifying a 14 per cent rise. Information obtained from the official trade portal of the Nigeria Customs Service (NCS) shows that the apex bank raised the Customs FX duty rate from N1,164.84/$ to N1,327.35/$ on Monday, April 29. The current Customs rate is now higher than the Nigerian currency against the US Dollar, which is trading at around N1,300 per Dollar. Customs duties are taxes and levies paid on goods imported into
CBN Raises Import Duty 14% to N1,327.35/$1 as Naira Weakens
