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Customs refutes Naira devaluation reports

31 May 2016, 18:32

Abuja - The Nigeria Customs Service has denied media reports claiming the Service was charging duty calculated on a revised rate of N285 per dollar with effect from Wednesday.

Wale Adeniyi, Public Relations Officer of the Customs Service, said the responsibility of fixing official duty rates was the function of the Central Bank of Nigeria (CBN), therefore therefore the reports were not true.

“Hence the Service cannot have been the one to announce a new official rate as purported in the publication,” said Adeniyi.

Also read: Nigeria struggles as Buhari wrangles with budget, naira

He added that the Nigeria Customs Service had not received any new rate from the CBN neither was it aware of any dissemination of contrary information on this subject matter.

Adeniyi thus advised the public to discountenance the publication and continue to comply with the extant rates until such a time the CBN might deem fit to review them.

Official rates peg the $/N at 200.



- CAJ News


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