The Nigeria Customs Service (NCS) has submitted that its clearance system was not in any way responsible for the rise in the exchange rate.
Team@orientactualmags.com learned Spokesman for NCS, Mr Timi Bomodi , who made this clarification in a statement on Wednesday, noted that the rate of exchange used to calculate duty payrnents was not a static phenomenon and that the Central Bank of Nigeria remains the only organization vested with the authority to determine official rates as applicable for the purpose of calculating duties and other taxes applicable for import and export.
He assured the trading public that the Service would continue to promote trade facilitation and would continue to play this important role in the interest of the nation’s economy-Team@orientactualmags.com
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