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Nairaland Forum / Nairaland / General / Politics / CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% (12304 Views)
Customs FX Rate For Import Duties Rises To ₦1,530/$ / Again, CBN Raises Import Duty Rate By Another 4.4% In 24 Hours / FG Raises Exchange Rate For Cargo Clearance To N951/$ (2) (3) (4)
CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Omooba77: 8:52am On Apr 30 |
This represents a 14 percent increase in rate compared to the old rate of N1,164.84/$ previously used for the opening Form M and an increase of N162.51 on a dollar needed to clear goods at the port. https://businessday.ng/news/article/cbn-raises-customs-fx-duty-rate-for-cargo-clearance-by-14/ 3 Likes 1 Share
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Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by SalamRushdie: 8:58am On Apr 30 |
This is how the CBN and evil Nigeria customs fuel inflation by pegging Tarriffs to dollar rate ..till this practice is stopped the Naira will always remain unstable and as long as the the naira is unstable the economy will always be in chaos 94 Likes 7 Shares |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by seyits: 9:07am On Apr 30 |
Hope this will not further increase the inflation. Because the importers re always shopping for reason for price increment 12 Likes 2 Shares |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Cindypresh(f): 9:10am On Apr 30 |
seyits: And that will boost your economy?? Buhari that closed border for 8wasted years how did it impact food crops?? I don't know how most Apc supporters seem so so d^ll 118 Likes 7 Shares |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Brendaniel: 9:12am On Apr 30 |
seyits: Cindypresh: Tinubu supporters don't know who they are dealing with... 56 Likes 2 Shares |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Cindypresh(f): 9:13am On Apr 30 |
seyits: Next they'll say Nigerians are doing themselves. After buying goods worth #20m and clearing at custom at #2m, guess who bears the blunt?? Do we need high custom duty at this point in time ![]() 60 Likes 2 Shares |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Cindypresh(f): 9:15am On Apr 30 |
Brendaniel: High custom rate means higher inflation and prices of imported goods. But I don't expect someone in his late fortys that sits at home and defend useless Apc government for 30k monthly stipend to know. Next they'll turn around and blame ordinary citizens for high inflation 54 Likes 2 Shares |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Brendaniel: 9:20am On Apr 30 |
Cindypresh: I just see Tinubu supporters as wicked human beings... 44 Likes |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Cantonese: 9:34am On Apr 30 |
Very sad to hear the multiple fronts of taxation opened by this APC led government. Nigerians are not having respite in anyway. With this, importers will increase the cost of goods definitely. The naira is not presently stable and importers have to pay huge nairas to get few dollars. Painfully right under our noses, humongous amounts are embezzled by the same people trusted to make living better. An example is Yaya Bello who is alleged to have paid hundreds of thousands of dollars of state funds into his children’s school’s account. How can Nigerians survive this onslaught by the political leaders? Presently citizens are grappling with fuel scarcity, leading to unfair increase is transportation costs. The multiplier effect is felt in the food sector already. Petrol prices were increased just last year by approximately 400% and the citizens swallowed it. Naira floating followed immediately and prices of goods and services flew out of the window. We have galloping inflation and this government has no solution to it. Where is the hope promised? Right under their noses, Dangote dropped the price of diesel, yet filling stations have failed to scale down their prices. With no response in terms of consumer protection from government, where is the hope of the so called common man? APC promised us “change” in 2014. The change came with plenty excuses and hardship. They came with “renewed hope” in 2023, it followed extreme hardship. When can Nigerians have some peace and enjoy their country? 28 Likes 1 Share |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by leokid866: 9:40am On Apr 30 |
Cindypresh:yen...yen...yen....when the rate was coming down from 1600 to 1260 we did not see you utter a word now it is going back to 1300+ now you're shouting I beg sit down...... 76 Likes 2 Shares |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Amayanabo01: 9:45am On Apr 30 |
More pains |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by reatjob: 9:50am On Apr 30 |
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Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by PlasmaTV: 9:51am On Apr 30 |
Tinubu is a wicked man who wants to make EVERYTHING as expensive as possible. Very very wicked man. And everyone will be wondering why things are expensive..look no further. Jagaban wants to ban lower and middle class workers from eating. 13 Likes 1 Share |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Akwamkpuruamu: 9:51am On Apr 30 |
Na me and u masses go pay for this increase. Because container economics will factor this cost. Inflation has already given a push further. A government of skinning the poor to enrich the elites. Cashout for Custom. guys 5 Likes |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by inoki247: 9:51am On Apr 30 |
Lol make the Dollar go back to 1800 since everybody don choose to be mad..... since the things we no dey import cost pass imported goods Rice came down Garri and other Local produce fail to come down instead na rise he dey rise... 3 Likes |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by spiSeyi: 9:51am On Apr 30 |
Omooba77:CBN & customs are the major reason for the inflation. Fuel no dey, light no dey, water l, no dey , food no dey, but one thing is certain of PBAT ending up as a one term president. 2027 ❌ 3 Likes |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by DropsMic(m): 9:51am On Apr 30 |
Okay 6 Likes 1 Share
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Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by AK481(m): 9:51am On Apr 30 |
They were hailing the leopard of his spot, a spot that can never change . They said he is an IGR expert, they didn't ask if its going to be via tax or create a new opportunities for business .. to them, IGR na IGR. Tinubu doesn't care about the masses , he has removed all support to citizen, from fuel,to electricity, to manufacturers FX support, to educational support ... What has he given back to the masses ? Excuses and Lunatics to praise him for 30k per months . These lunatics are here , their leader is one old man that naps to ![]() 17 Likes |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Kennitrust(m): 9:51am On Apr 30 |
Tinubu know how to make money ![]() By suppressing and forcing the poor to pay more than they earned Foolish man! 5 Likes |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Blaze14k: 9:52am On Apr 30 |
Brendaniel: They don't want an igbo person to rule |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by PlasmaTV: 9:52am On Apr 30 |
leokid866:SHUT UP!!! 19 Likes
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Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by naijaboy756: 9:53am On Apr 30 |
APC IS EVIL ON A DESTRUCTIVE MISSION SUDDENLY THINGS ARE GETTING WORSE 3 Likes |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by bigpicture001: 9:53am On Apr 30 |
Cindypresh: Tinubu added customs duty to remitta payment....the more hefty payment they make, the more the returns to remitta operators who tinubu sponsored 6 Likes |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by SmartyPants(m): 9:53am On Apr 30 |
Cindypresh: So you don't know that the local rice-producing industry we have today was a result of this policy? Do you know how much local rice has saved those who cannot afford imported rice? Why am I even arguing with this one, you are here on a mission so go about your work. ![]() |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by mankan2k7(m): 9:53am On Apr 30 |
Useless people |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Nbote(m): 9:55am On Apr 30 |
Lol |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by ajimo54(m): 9:55am On Apr 30 |
Omooba77: If you get money, carry your family go abroad! Hope is far away from Africa! 2 Likes |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by iwaeda: 9:56am On Apr 30 |
Omooba77: APC policies, sinking more and more into poverty, while widening taxes net. ![]() ![]() ![]() ![]() ![]() 1 Like |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Brendaniel: 9:57am On Apr 30 |
Blaze14k: What I've noticed is they don't have problem with Peter Obi, the only problem they have with him is that he is Igbo, that's why I am just looking at Umahi and co frolicking with them, when time comes they will remind them they are Igbos... Look at Amaechi today, they quickly reminded him that he is still Igbo during the election.... 10 Likes 3 Shares |
Re: CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% by Bizibi(m): 9:57am On Apr 30 |
Man if I was told this era will be difficult in 2013 I wouldn't believe it. |
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