Customs Exchange Rate

Current CBN approved rates for Form M and Import Duty Assessment.

Exchange Rates

Official exchange rates used for duty calculation.

Most Recent Change

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Disclaimer: Rates are manually maintained. Verify with Customs.

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Why is this rate different from the Black Market?

The Nigeria Customs Service (NCS) uses a specific FX rate provided by the Central Bank of Nigeria (CBN) for import duty calculations. This rate is often different from the parallel market or standard bank rate. It is fixed specifically for the processing of Form M and PAAR.

Tip: Need to calculate the total cost of clearing a car or container? Use our Import Duty Calculator which automatically applies this rate.

Frequently Asked Questions

Data Source	Official Nigeria Customs Service Trade Portal.
How often does it change?	The CBN adjusts the customs exchange rate frequently based on market floating. We update this tool daily.
Impact on Duty	A higher exchange rate increases your Surface Duty, VAT, and Surcharge proportionately.