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Nigeria Customs adopts spot foreign-exchange rate for import duties
Nigeria
First seen: Aug 23, 2026, 5:46 AM UTCUpdated: Aug 23, 2026, 5:46 AM UTC
WHAT HAPPENED
Nigeria Customs has adopted a spot foreign-exchange rate for calculating import duties. Businesses reportedly fear the change will raise uncertainty or costs.
SO WHAT?
Higher or more volatile import costs could affect Nigerian businesses and consumer prices.
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