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The Central Bank of Nigeria, CBN, under President Bola Ahmed Tinubu, increased the Customs duties exchange rate for the third time in 2024. DAILY POST reported that import duties have been reviewed upward to N1,417.63 per US dollar from N1,413.62. With the upward review, Nigerians will pay more to clear their goods at the port because import duties are benchmarked against the dollar. This represents an increase of N4.015 and a percentage increase of 0.28 per cent, as the official exchange traded at N1,469.97 per US Dollar at the foreign market on Friday. DAILY POST gathered that the current up…

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