Nigeria Customs Service denies fixing new duty rates

Nigerian Custom Officer
Nigerian Custom Officer

The Nigeria Customs Service has denied fixing N285 per dollar as new duty rates in the country.

A statement released on Tuesday by its Public Relations Officer, Wale Adeniyi, on behalf of the Comptroller-General of Customs, said there were misleading publications in some online platforms about new duty rates.

“The extant rate issued by CBN which is still the basis for duty calculation is N197,” Mr. Adeniyi said.

“For the avoidance of doubt, the responsibility of fixing official duty rates is the function of the Central Bank of Nigeria hence the Service could not have been the one to announce a new official rate as purported in the publication that gave no source.

“Nigeria Customs Service has not received any new rate from the CBN neither is it aware of any dissemination of contrary information on this subject matter.

“The general public is therefore advised to discountenance the misleading publication and continue to comply with the extant rates until such a time as may be deemed fit for review by the CBN,​”​ the service said.​

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