The Nigeria Customs Service has clarified that it does not set cargo clearance rates, saying the Central Bank of Nigeria is solely responsible for determining rates applied in import and export valuation.
This clarification was contained in a statement published on the Service’s official Facebook page on Monday.
The NCS explained that all foreign exchange rates are transmitted by the CBN and automatically applied within its digital clearance platform, B’Odogwu, to ensure transparency and compliance with national monetary policy.
