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

Published: February 24, 2024

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.

Source: saharareporters.com

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CBN makes U-turn, tells Customs to use official FX rate for import duty

Published: February 23, 2024

ABUJA (Sundiata Post) - The Central Bank of Nigeria (CBN) has issued a directive to the Nigeria Customs Service (NCS)

Source: sundiatapost.com

Related Topics:

Hassan Mahmud Nigeria Foreign Exchange Manual Revised Edition Nigeria Customs Service Central Bank Exchange Department Sundiata Post Nigeria Foreign Exchange Manual Revised Edition

CBN pegs rate for import duty payment

Published: February 23, 2024

This was as the bank instructed the Customs to utilise the FX closing rate on the date of the ‘Form M’ submission by importers for the clearance of goods and import duty assessment.

Source: punchng.com

Related Topics:

Hassan Mahmud Nigeria Foreign Exchange Manual Revised Edition Central Bank Nigeria Customs Service Nigerian Customs Services Exchange Department Nigeria Foreign Exchange Manual Revised Edition