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Prevailing exchange rate determines duty- NCS

The Nigeria Customs Service (NCS) says the prevailing exchange rate set by the Central Bank of Nigeria (CBN) determines its rates of import duty collection and not market forces. The Spokesperson of NCS, Abdullahi Maiwada, said this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. Maiwada said that importers

Trampled to death: Hunger, desperate search for food drive citizens to early graves

CBN Slashes Import Duty Rate After Banning Foreign Currency Collateral for Naira Loan

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