The Nigeria Customs Service (NCS) has informed the public that it does not determine exchange rate.
Public Relations Officer, Deputy Comptroller Timi Bomodi made the clarification in a statement on Wednesday.
The spokesman referred to reports which attributed the increase in exchange rate to the NCS.
Bomodi stressed that the Central Bank of Nigeria (CBN) had the sole responsibility to do so.
The PRO said the apex bank fixes official rates for calculating duties and other taxes applicable for import and export.
“The rate of exchange used to calculate duty payments is not a static phenomenon.
“The trading public are advised to go about their business dealings with the full assurances of the Service’s commitment to trade facilitation”, he noted.
Former Governor of Benue State, Chief Samuel Ortom, has called off all planned celebrations for…
Benue State Governor, Hyacinth Alia, has appointed renowned music icon, Innocent "2Face" Idibia, as the…
Governor Hyacinth Alia has stressed the importance of taking a clear-eyed, strategic approach to security…
The National Agency for the Control of AIDS (NACA) has released its 2024 HIV spectrum…
Benue State Governor Hyacinth Alia and National Security Adviser (NSA) Nuhu Ribadu have offered contrasting…
At least 11 people have been confirmed dead following a fresh attack by suspected armed…
