exchange rate

FG must act now to stabilise the exchange rate

The urgent task of reducing and stabilising Nigeria’s exchange rate—and, by extension, reviving the nation’s economy—has become critical in light of the severe economic hardship facing the country. As the saying goes, when two elephants fight, the grass suffers. In…

Prevailing exchange rate determines duty – NCS

The Nigeria Customs Service (NCS) says the prevailing exchange rate set by the Central Bank of Nigeria (CBN) determines its rates of import duty collection and not market forces. The Spokesperson of NCS, Abdullahi Maiwada, said this in an interview…