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CBN to Customs: Use official FX rate for import duty | Nigerian News, Latest Nigeria In News. Nigeria News. Your online Nigerian Newspaper.

CBN to Customs: Use official FX rate for import duty | Nigerian News, Latest Nigeria In News. Nigeria News. Your online Nigerian Newspaper.
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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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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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