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Customs FX rate for import duties drops to N1238/$

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The Nation Newspaper Customs FX rate for import duties drops to N1238/$

It fell below the official foreign exchange rate, which closed at N1,248.5/$ on Tuesday at the Nigerian Autonomous Foreign Exchange Market .The drop in the FX rate for customs tariffs and duties is coming amid the Central Bank of Nigeria‘s effort to stabilise the naira.On Monday, the apex bank announced the sales of forex to the bureau de change operators at the rate of N1,101/$.

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