The Central Bank of Nigeria has raised the Import duty exchange rate to N1618.73 amid foreign exchange fluctuations. According to the Nigeria trade hub, the federal government’s official single window for trade, the exchange rate increased by N18 from the previous rate of N1600.32 to the dollar. This comes as the Naira closed at N1617.08 per dollar last Friday. Consequently, the import duty exchange rate benchmarked on the position of the Naira against the Dollar at the FX was increased. Accordingly, the hike is the highest rate since March 2024. The development comes as the Naira weakened by …