The FX
Radar
Your daily benchmark for 2026 Tax planning and Cross-border business. Live.
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1 USD equals
0.00 NGN
Tax Impact
Impact on CIT valuation basis.
NRS standard daily mid-rate benchmark. This tool provides an anchor for valuation strategies in 2026.
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FXExchange Alert
Live Benchmarks • Feb 24, 2026 • NRS Verified
/ Pro Tip: Don't get taxed by bad rates.
Parallel market rates may differ. These are anchor benchmarks for tax planning and NRS valuations.
Why Rates Matter
In the new 2026 digital economy, the NRS (Nigeria Revenue Service) isn't just watching your bank alerts. They are watching the Global Value of your transactions.
ALERTS!
The "Import Duty Trap"
"My dear in-law, many people forget that Customs Duty is calculated on the C.I.F (Cost, Insurance, and Freight) converted to Naira at the Rate of Exchange prevailing on the date of submission of the Form M."
If the Naira drops while your ship is on the water, you pay more tax!
Whether it's paying for Global Tech Subs in USD, or importing components using Chinese Yuan (CNY), your "Net Profit" is only real if you factor in the FX volatility.
NRS Benchmarks
Official vs Parallel
The NRS uses official benchmarks for all tax declarations. Using parallel market rates in your books without proper documentation can lead to "Audit Wahala".
Digital Assets
USD Steblecoins are now strictly tracked. Gains from USDT/NGN movements are subject to Capital Gains Tax if they exceed ₦10M annually.
Japa Surcharge
Always factor in a 15% "Buffer" for Proof of Funds. Exchange rate drops are the #1 reason for Visa refusals in Nigeria today.
Avoid the Audit
Our team helps SMEs and High-Net-Worth In-laws structure their FX transactions to minimize tax liability legally.
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