Tag
FX RATE
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has listed high foreign exchange rate on imported food items, insecurity in farming communities as some of the key factors driving food inflation in the country.
The exchange rate for duties collection by the Nigerian Customs Service (NCS) has dropped from N1,500/$ to N1,481 representing a decline of N19 following the appreciation of the naira on the official market.
The exchange rate for import duties collection by the Nigerian Customs Service (NCS) has increased by N38 from N1492/$ to N1530 to the USD according to the latest update on the Customs exchange rate portal.
The Nigerian Electricity Regulatory Commission (NERC) has reduced the exchange rate for calculating the current electricity tariff for Band A customers by 16.03% from N1,463.3/$ to N1,277.8 from May to December 2024.
The exchange rate for customs duty collection has increased to N1,441.53 to the USD in the past two days from N1,373.64/$ at the beginning of the month.
The Centre for Promotion of Public Enterprise, (CPPE) has asked CBN to adopt a specific quarterly exchange rate for import duty collection as a measure towards addressing the problems associated with frequent changes in customs exchange rate and general volatility of the foreign exchange market.
The Central Bank of Nigeria (CBN) has increased the exchange rate for the Customs Service duty collection by N163. The latest exchange rate for customs duty collection has increased from N1,162/$ to N1,327 to the USD.
The exchange rate for cargo clearance has dropped below the prevailing official and parallel market rate to N1,164.84 to the dollar according to the latest update on the Nigeria Customs Service’s (NCS) exchange rate portal.
Experts at the ongoing Global Trade Review West Africa have explained why the recent strengthening of the naira in the FX market has not affected prices of goods and services across the country.
The naira value of the total external debt of Nigeria’s 36 states and Federal Capital Territory (FCT) increased by 23.76% from N3.350 trillion to N4.146 trillion between June 2023 and December 2023.
The foreign exchange rate for the Nigeria Customs Services’ (NCS) cargo clearance in ports and other goods entry points has dropped to N1260.49/$ from N1330/$ in the past few days.
The Nigerian Electricity Regulatory Commission (NERC) has applied an exchange rate of N1463.3/$ in calculating the new electricity tariff for Band A consumers in the recent electricity tariff review.