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Adopt Same FX Rate From Importation To Clearance, CBN Tells Customs

(AFRICAN EXAMINER) - The Central Bank of Nigeria (CBN) has asked the Nigerian Customs Service (NCS) to adopt the same forex rate from the importation of goods to its clearance in the country. The directive was contained in a circular on Friday by the apex bank’s Director of Trade and Exchange Department, Hassan Mahmud, saying

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CBN Directs Customs Service to Adopt Fixed Forex Rate for Import Clearance

CBN Directs Customs Service to Adopt Fixed Forex Rate for Import Clearance
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CBN directs Customs to adopt same forex rate from import to clearance

CBN directs Customs to adopt same forex rate from import to clearance
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CBN issues fresh guidelines to Customs on import clearance exchange rate

Amid several customs exchange rate increases, the Central Bank of Nigeria has instructed the Nigerian Customs Service, NCS, to adopt a foreign exchange

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Dollar Crisis: Central Bank Directs Nigerian Customs Service To Adopt Same Forex Rate On Imported Goods During Clearance

The Central Bank of Nigeria (CBN) has directed the Nigerian Customs Service (NCS) and other related parties to adopt the same foreign exchange rate from the importation of goods and services on its clearance. The apex bank gave the directive in a memo dated February 23, 2024 with a reference number: TED/FEM/PUB/FPC/001/007 and signed by its Director, Trade and Exchange Department, Dr. Hassan Mahmud.

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