Exchange Rate: CBN Remains Sole Authority For Trade Valuation, Say Customs
The Nigeria Customs Service (NCS) has clarified that it does not independently determine, generate, or alter the exchange rates used for import and export valuation. The clarification follows recent concerns raised by stakeholders on foreign exchange pricing, investor behaviour, and Customs valuation practices. Customs spokesman, Abdullahi Maiwada, who made this known, said the NCS explained […]
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