Stop the arbitrary and ever-increasing customs duties. It is now negatively impacting businesses and the cost of items- Peter Obi tells FG

Jaiyeorie February 21, 2024

#jaiyeorie Stop the arbitrary and ever-increasing customs duties. It is now negatively impacting businesses and the cost of items- Peter Obi tells FGThe Central Bank of Nigeria (CBN), on Wednesday, February 14, readjusted the Customs exchange rate from N1444.56/$1 to N1,481.482/$1. The exchange rate was reviewed upward by N36.922 that is, 2.56 per cent against the last increment, in the early hours of Wednesday, 14th February, 2024. The adjustment was the 5th done in 12 days and 9th since the beginning of the administration of President Bola Tinubu in May 2023.