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.​


Advertisement

PT Mag Campaign AD

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...



BE THE FIRST TO KNOW! Subscribe to our newsletter

* indicates required

DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.