Nigeria's Presidential Committee recommends a fixed exchange rate of N800 per dollar for customs import duties.
Nigeria's Presidential Committee on Fiscal Policy and Tax Reforms recommends a fixed exchange rate of N800 per dollar for customs import duties, addressing the volatility of the foreign exchange market and enhancing economic stability. The proposal follows recent adjustments by the Nigerian Customs Service, which set the rate at N1,480 per dollar based on Central Bank of Nigeria recommendations.
May 30, 2024
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