BusinessDay
Nigeria's leading finance and market intelligence news report.

Foreign import VAT sees biggest slump in 5 years amid border closure

Not only has the move of the Federal Government to close the land border, coupled with its FX restriction on some products, resulted in a rise in commodities prices, it has also caused a surge in inflation rate at 11.61 percent as well as further shrink in consumer wallets which reduced trading activities in the…



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