• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Monday, June 9, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
Home Exchange Rates

Customs Import Duty Exchange Rate Surges Above Official Rate to N1,441/$

The new FX rate for import duties is above the official market rate of the naira as of 02 May 2024 when the naira closed at N1,402.67/$ on the official market. In the parallel market, the naira closed at N1,380 to the greenback that same day.

by NewsOnline Nigeria
May 3, 2024
in Exchange Rates, Top Stories
0
Customs

Customs Import Duty Exchange Rate has surged above the official rate to N1,441/$.

 

NewsOnline Nigeria reports that the exchange rate for customs duty collection has increased to N1,441.53 to the USD in the past two days from N1,373.64/$ at the beginning of the month. The new figure represents an increase of N61 from the prior figure.

 

The new FX rate for import duties is above the official market rate of the naira as of 02 May 2024 when the naira closed at N1,402.67/$ on the official market. In the parallel market, the naira closed at N1,380 to the greenback that same day.

 

SEE ALSO: Governors Disagree with FG on Minimum Wage Hike

 

In the past two weeks, the naira has seen significant depreciation, having performed strongly in the month of March when it was tagged the best performing currency in the world by Goldman Sachs. The naira opened the new month on a negative note seeing a decline of 0.74% to N1,360/$ compared to the last trading day in April.

Meanwhile, NewsOnline Nigeria reported that the Centre for the Promotion of Private Enterprise (CPPE) has called on the CBN to tame inflation and bring about stability to aid panning for businesses. The centre urged The CBN to adopt a uniform rate to create certainty in the trade sector.

 

The centre recommended a rate of N1000/$ for import duties going forward.

Previous Post

BREAKING: Governors Disagree with FG on Minimum Wage Hike

Next Post

Nigerians Hoarding 94 Percent Cash, Says CBN Report

Next Post
CBN

Nigerians Hoarding 94 Percent Cash, Says CBN Report

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria