The Nigerian Customs Service (NCS) has made some adjustments to its tariffs and duties to follow suit with the current foreign exchange rate.
The updates made can be seen on the federal government’s single-window trade portal.
Based on the information on the federal government’s single-window trade portal, the Nigerian Customs Service (NCS) increased by 3.43%, which can be described as an N26.15% increase, reaching N783.174/$ on Sunday this week.
This shows an increase from the previous rate, which was 757.023/$ that was recorded during the week.
It’s important to know that the Nigerian Customs Service (NCS) imposes customs duties in Nigeria, which are charges levied on imported goods, among other tariffs.
Read more: https://www.investingport.com/nigerian-customs-service-adjust-tariffs-and-duties-with-fx-rate/