{"id":20417,"date":"2024-02-21T13:51:22","date_gmt":"2024-02-21T13:51:22","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=20417"},"modified":"2024-02-21T13:51:22","modified_gmt":"2024-02-21T13:51:22","slug":"again-cbn-raises-customs-duty-rate-to-1605-82-per-dollar","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/02\/21\/again-cbn-raises-customs-duty-rate-to-1605-82-per-dollar\/","title":{"rendered":"Again, CBN Raises Customs Duty Rate To 1605.82 Per Dollar"},"content":{"rendered":"<p>The Central Bank of Nigeria (CBN) has once again increased the Customs Exchange rate to N1605.82 per dollar, less than five days after marginally reducing it from N1515.48 to N1472.756.<\/p>\n<p>This latest adjustment, already reflected on the Customs portal, has disappointed customs brokers and importers, who had hoped for a sustained reduction.<\/p>\n<p>The CBN had previously reduced the rate to N1472.756 per dollar following appeals from the House of Representatives.<\/p>\n<p>However, the recent increase, which stakeholders fear may not be the last, has raised concerns about the CBN&#8217;s responsiveness to the country&#8217;s economic challenges.<\/p>\n<p>Customs brokers have expressed frustration over the frequent rate adjustments, noting the negative impact on their businesses and trade volume.<\/p>\n<p>Many importers have left their goods at the ports or diverted cargoes to neighboring countries due to the fluctuating exchange rates, which the CBN has adjusted more than five times in one month this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) has once again increased the Customs Exchange rate to N1605.82 per dollar, less than five days after marginally reducing it from N1515.48 to N1472.756. This latest adjustment, already reflected on the Customs portal, has disappointed customs brokers and importers, who had hoped for a sustained reduction. The CBN had [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":20418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-20417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/20417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=20417"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/20417\/revisions"}],"predecessor-version":[{"id":20419,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/20417\/revisions\/20419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/20418"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=20417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=20417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=20417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}