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CBN Reduces Import Duty Rate By 7.3% - Vimarsana News

CBN Reduces Import Duty Rate By 7.3%

The Central Bank of Nigeria (CBN), on Friday, slashed the exchange rate for computing Customs duties at the nation’s seaports by 7.3 per cent.

Economic losses rise as clearing agents, NCS fail to reach truce - Vimarsana News

Economic losses rise as clearing agents, NCS fail to reach truce

The Nigeria Customs Service (NCS) and clearing agents, yesterday, failed to find a lasting solution to the ongoing industrial action against anomalies in the Vehicle Identification Number (VIN) valuation system on imported vehicles, therefore, prolonging shutdown of the seaports.