Once more, the (CBN) has increased the forex rate for import duties, marking the fourth adjustment in just 10 days.
Once again, on Wednesday, February 14, the Central Bank of Nigeria (CBN) revised the Customs exchange rate from N1444.56/$1 to N1,481.482/$1. This latest adjustment represents an increase of N36.922, equivalent to 2.56 percent, compared to the previous increment. Remarkably, this marks the fifth adjustment within a span of 12 days and the ninth since the…