Nigeria, Feb. 24 -- In response to concerns regarding inconsistent import duty assessment levies, the Central Bank of Nigeria (CBN) on Friday issued a directive advising the Nigeria Customs Service to adopt the closing foreign exchange rate in the official window for import duty calculations.

Amidst the recent liberalisation of the forex market, importers have faced uncertainties in the pricing of goods and services.

The irregular changes in import duty by the Nigeria Customs Service have further compounded these challenges, resulting in disruption in pricing and overall business operations.

The presidential candidate of the Labour Party in the 2023 elections, Peter Obi, recently called on the federal government to urgently address the...