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Nigeria Customs adopts spot foreign-exchange rate for import duties

Nigeria Customs has adopted a spot foreign-exchange rate for calculating import duties. Businesses reportedly fear the change will raise uncertainty or costs.

By DoomRadar · Published on DoomRadar .

Why it matters

Higher or more volatile import costs could affect Nigerian businesses and consumer prices.

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  1. Businesses in Panic Mode as Nigeria Customs Adopts Spot FX Rate for Duty ↗quicknews-africa.net · Recorded source date: Aug 23, 2026, 5:46 AM UTC

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