Vehicles Duties Up By 40% In Reflection Of Naira Devaluation - Business - Nairaland
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Biggest Mess Created In 2023 Was Naira Devaluation From N460 To N1,400-Dangote / Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank / Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ (2) (3) (4)
| Vehicles Duties Up By 40% In Reflection Of Naira Devaluation by progoh: 4:57am On Jun 26, 2023 |
•Customs raise exchange rate from N422/$ to N589/$, operators kick as import duties jump •Economists berate FG, say policy will cause job loss, impoverish Nigerians, worsen hardships The Central Bank of Nigeria and the Nigeria Customs Service have taken the ongoing foreign exchange reforms to the maritime sector with a 40 per cent increase in the exchange rate used for calculating import duty. The NCS on Saturday raised the exchange rate used for the calculation of import duty from N422.30/dollar to N589/dollar. The development, which has led to a corresponding 40 per cent increase in import duty on imported cargoes including vehicles, has angered operators in the maritime sector with clearing agents, freight forwarders, and importers calling for an immediate reversal of the policy. Stakeholders said the policy would lead to job losses in the maritime sector and a drastic fall in the number of imported vehicles... Source |
| Re: Vehicles Duties Up By 40% In Reflection Of Naira Devaluation by proff010: 5:37am On Jun 26, 2023 |
BAT won't allow it |
| Re: Vehicles Duties Up By 40% In Reflection Of Naira Devaluation by Cassandraloius: 6:22am On Jun 26, 2023 |
Hmmm.... Not making sense. |
| Re: Vehicles Duties Up By 40% In Reflection Of Naira Devaluation by Raysleek: 7:26am On Jun 26, 2023 |
Up presido. I believe we haven't seen anything yet. The worst is yet to come. By August there will be fresh importation of fuel and with the current I&E rate we will purchase petrol at 800-1000 naira. Brace up guys. Hardship is coming |
| Re: Vehicles Duties Up By 40% In Reflection Of Naira Devaluation by Raysleek: 7:26am On Jun 27, 2023 |
Raysleek:https://www.nairaland.com/7743297/forex-challenge-driving-petrol-price I said it! We are getting there
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