leokid866:
yen...yen...yen....when the rate was coming down from 1600 to 1260 we did not see you utter a word now it is going back to 1300+ now you're shouting I beg sit down......

Cindypresh:


And that will boost your economy?? Buhari that closed border for 8wasted years how did it impact food crops??

I don't know how most Apc supporters seem so so d^ll

IAmHim1:
Hmmm
This is interesting


What would you suggest CBN should do because it seems like CBN needs the forex because Nigerians nee the Dollar to import goods since it's not a producing country


Collecting tarrifs in Naira will mean majority of fx revenue will come from selling crude oil and our crude oil has been sold into the future so no revenue from there for now

I look forward to your insight concerning this topic

leokid866:
yen...yen...yen....when the rate was coming down from 1600 to 1260 we did not see you utter a word now it is going back to 1300+ now you're shouting I beg sit down......

leokid866:
yen...yen...yen....when the rate was coming down from 1600 to 1260 we did not see you utter a word now it is going back to 1300+ now you're shouting I beg sit down......

t2luv1:


Why are they pegging the cost of clearing goods at your country port to the dollar? Makes no sense whatsoever.

Galatoicowhite:
How long did this rate even come down? If you have a business how will you run your business? Is business a charity organisation? Abi business be like church for Una eye?

SKYHIGHfx:


This man don u resume your 30k per month job?

Archtype:
so, after giving 100 own goal you want me to rejoice that he able to score 20 goals against the opponents... People like you reason from their Ahss

ogaontop:

What is coming down from 1600 to1260?
How much did your master meet the dollar that you're expecting people to start jumping at 1,200
You guys are jonsers!!
How much did he meet PMS and the fact that he secretly pays subsidy up to date is an affront on our intelligence!!

PlasmaTV:

SHUT UP!!!

leokid866:
they peg to the dollar cause that's how international trade works or you think it's only in Nigeria?

t2luv1:


Nope no other country does that. Trust me I design/write web based business applications for clients. Custom clearing in all the countries I have ever dealt with is a fixed amount in that country's currency usually based on the waybill declared value. Nothing to do some dollar floating valuation. This tends to make it easier for the importer to plan. This gyrating CBN dollar value makes it difficult for the importers. If goods arrive at a favorable exchange rate period that creates an unfair pricing disadvantage for another imported that just happens to do clearing when the exchange rates happen to be high. All brand new cars imported into the USA carry the same clearing amount of $595 destination charges this is included in the MSRP (Manufacturer Suggested Retail Price) of the car. Don't get me started on Nigeria's imported car Vin Valuation crap. Nigeria charges more in Customs duty on a salvage vehicle as compared to when the car was brought into the USA when the car was still new. Unbelievable.

leokid866:
The dollar has been the world’s principal reserve currency since the end of World War II and is the most widely used currency for international trade.....yes you pay in local currency but to clear the ports your fees are pegged to the dollar.....some nations like the BRICS are shifting from using the dollar as a peg but they don't exactly speak for the rest of the world....

garfield1:


Can we use yen or yuan

Omooba77:


https://businessday.ng/news/article/cbn-raises-customs-fx-duty-rate-for-cargo-clearance-by-14/

leokid866:
Oga you know this thing rise and fall as a business man you simply set the rate in a bracket that's functional enough....and if you can't do that then why are you doing business?

t2luv1:


Nope no other country does that. Trust me I design/write web based business applications for clients. Custom clearing in all the countries I have ever dealt with is a fixed amount in that country's currency usually based on the waybill declared value. Nothing to do some dollar floating valuation. This tends to make it easier for the importer to plan. This gyrating CBN dollar value makes it difficult for the importers. If goods arrive at a favorable exchange rate period that creates an unfair pricing disadvantage for another imported that just happens to do clearing when the exchange rates happen to be high. All brand new cars imported into the USA carry the same clearing amount of $595 destination charges this is included in the MSRP (Manufacturer Suggested Retail Price) of the car. Don't get me started on Nigeria's imported car Vin Valuation crap. Nigeria charges more in Customs duty on a salvage vehicle as compared to when the car was brought into the USA when the car was still new. Unbelievable.

Galatoicowhite:
If a business man lost his money will you out of kindness return his loss? Do you anyway share in the business risk?