By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: Again, CBN raises import duty forex rate, 4th time in 10 days
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > News > Again, CBN raises import duty forex rate, 4th time in 10 days
News

Again, CBN raises import duty forex rate, 4th time in 10 days

Godson
Last updated: February 15, 2024 11:18 am
Godson
Published: February 15, 2024
Share
SHARE

The Central Bank of Nigeria (CBN), on Wednesday, February 14, readjusted the Customs exchange rate from N1444.56/$1 to N1,481.482/$1.

The exchange rate was reviewed upward by N36.922 that is, 2.56 per cent against the last increment, in the early hours of Wednesday, 14th February, 2024.

Also, the adjustment will be the 5th in 12 days and 9th since the beginning of the administration of President Bola Tinubu in May 2023.

Marítime experts have, however, argued that with the upward review, Nigerians will pay more to clear their goods at the port because import duties are benchmarked against the dollar.

Recall that in June 24, 2023, the CBN adjusted the exchange rate from N422.30/$ to N589/$, and on July 6, 2023, it was adjusted to N770.88/$, on November 14, 2023, it was adjusted to N783.174/$, in December it was adjusted to N951.941/$.

Also, on February 2 it was moved to N1, 356.883/$ and on February 3, it was raised to N1, 413.62/$, on Saturday, February 10, it was changed to N1,417.635/$, on Monday February 11, it was to N1,444.56/$1 and currently, Wednesday, February 14, the CBN adjusted the exchange rate to N1481.482/$1.

You Might Also Like

Alleged Insult On Igbos: Apologise Within 7 Days Or Face Our Gods – Group Warns Wike
Nigeria’s $5bn Gas Earnings Too Low, Says Shettima
Onanuga will pay for insulting Obasanjo. He’s old enough to be his father – Bode George
59 Nigerians evacuated from Qatar due to Coronavirus pandemic, arrive Abuja
Protesting youths block road as herders attack Benue community

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Reno Omokri tackles people who always say ‘’May Nigeria not happen to me’’
  • Two arrested for trafficking 16-year-old Ogun girl to Libya
  • Zimbabwe to sue Lithuania after 17 fire tenders are seized and auctioned
  • ‘I Can’t Be Sharing Money’ – Bovi Opens On Split With Basketmouth
  • South African ambassador, Nathi Mthethwa d!es in plunge from 22nd floor of famous Hyatt Hotel in Paris

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?