CBN Directs Nigerian Customs to Adopt Same FX rate from Importation to clearance

In a bid to address pricing irregularities and provide more predictability in the cost of imported goods, the Central Bank of Nigeria (CBN) has instructed the Nigerian Customs Service (NCS) to adopt the FX closing rate on the date of Form M submission by importers for the clearance of goods and import duty assessment. The … Continue reading CBN Directs Nigerian Customs to Adopt Same FX rate from Importation to clearance