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CBN SLASHES CUSTOM RATE FOR NIGERIANS TO CLEAR GOODS AT PORT HARCOURT
Due to the rate reduction, importers who open Form M for any import trade on Thursday, February 29, 2024, will see a slight decrease in the amount of money required to pay import duties compared to those who open Form M on Wednesday, February 28, 2024.
Compared to the previous rate of N1, 662.35/$ used as of Wednesday, February 28, 2024, this represents a 1.9% reduction. It also represents a decrease of N32.191 on a dollar needed to clear goods from the port
