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Customs FX Rate For Import Duties Rises To ₦‎1,530/$ - Politics - Nairaland

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Customs Increases FX Rate For Import Duties To ₦‎1,441/$ / CBN Raises Customs FX Duty Rate For Cargo Clearance By 14% / Customs Reduces Exchange Rate For Import Duties Payment (2) (3) (4)

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Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Oilwell(m): 8:54pm On May 18

The foreign exchange (FX) rate for import duties has been adjusted by the Nigeria Customs Service (NCS) to N1,530 per dollar.

This was adopted on Friday, May 17, representing a 6.13 percent increase compared to the N1,441.58 adopted on May 6.

The NCS always adopts FX rates recommended by the Central Bank of Nigeria (CBN) for import duties based on trading activities in the official FX market.

https://www.lindaikejisblog.com/2024/5/customs-fx-rate-for-import-duties-rises-to-n1530-2.html

2 Likes 1 Share

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Righthussle: 9:25pm On May 18
Funny people. And EFCC dey find speculators to arrest.

32 Likes 4 Shares

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by COCKATRICE: 9:28pm On May 18
Not surprised. That's about the current exchange rate
Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by PresidObi: 9:38pm On May 18
Somebody should please check up on Reno, his confusion since Obi met Atiku may make him mistake his sniper for his coffee grin

96 Likes 4 Shares

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by jmoore(m): 9:39pm On May 18
Binance caused it.

Babablu bulabu.


APC Ebola gang are manipulating the fx to fill their accounts.

56 Likes 1 Share

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Nazgul: 6:25am On May 19
PresidObi:
Somebody should please check up on Reno, his confusion since Obi met Atiku may make him mistake his sniper for his coffee grin
Reno is a paid propagandists. He doesn't care if Nigeria burns to the ground or if half of the population starves to death. His job is to counter whatever Peter Obi says regardless of how reasonable it is, where Peter Obi goes, who he visits, what kind of gifts he gives...etc.

And while Tinubu and his cronies are looting this country dry, Reno and his cronies would divert the attention of the people to Peter Obi. Honestly, we deserve the kind of leaders we have.

74 Likes

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by ebexofficial: 6:25am On May 19
It’s happening again, watch and see dollar hit 2k again

6 Likes

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by vincenteger: 6:26am On May 19
EFCC should go after them.

Nonsense

2 Likes

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Mrford(m): 6:27am On May 19
The same way price of things will keep going up.

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Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Blessedarethepe(m): 6:28am On May 19
Has Nigeria gone bad beyond salvage I don't even know what to be done to rescue the country again

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Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Blessedarethepe(m): 6:29am On May 19
vincenteger:
EFCC should go after them.

Nonsense
Do you it is Customs that fix the rate? Or you don't know Customs work with CBN and directly under the Ministry of Finance?

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Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by FitCorper: 6:30am On May 19
Good, time for the official market to appreciate, parallel market has been running things b4, people who don’t know or over know economics should pls not quote me. I have heacache. God bless Nigeria… God bless Jagaban.
Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by marenkurz: 6:31am On May 19
I mean, our leaders are impossible. For a country that depend on importation for survival, this is counter productive.
The custom should fix FX at 400 for some items like cars and active ingredients for production e.g., pharmaceutical. Our leaders don't have common sense

26 Likes 1 Share

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by cutedharmee: 6:36am On May 19
For how long will they keep adjusting? Only God can help my country 🙏
Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by vincenteger: 6:37am On May 19
Blessedarethepe:

Do you it is Customs that fix the rate? Or you don't know Customs work with CBN and directly under the Ministry of Finance?

I know they're not the ones that fixed the rate.
But this is not nice, our economy is dying.

2 Likes

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by PlanetZero: 6:38am On May 19
Scammers


Abi EFCC is blind to Nigeria custom

Custom is doing more than Binance


So why the silence

This country na comedy se

18 Likes 1 Share

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by OKORONKWOBRIGHT(m): 6:43am On May 19
Please are we going up or down
Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by nedu666: 6:44am On May 19
Hypocrisy is blaming crypto and speculators for fall in value of naira then govt, cbn and customs are taking advantage of the same fall

If you blame saboteurs for naira fall, why are you going by their rates. Does it mean if saboteurs fix dollar rate at 5000 naira, customs will fix import duty at 5000 naira

Tinubu at this point should stop all travel in the name of foreign investors because no investors will invest in a country with an unstable and volatile currency.

36 Likes 4 Shares

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Smartcitizen: 6:48am On May 19
COCKATRICE:
Not surprised. That's about the current exchange rate


You people are funny, what is the government producing that they will be raising the import duties anyhow?

They create issues around the economy and come around to blame others.

What a confused lot?

14 Likes 1 Share

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Usmanovic95(m): 6:49am On May 19
An excuse for some sellers to jack up prices of their goods. If you can survive in Nigeria,you can survive in any other clime cos obviously Nigeria is just a stone throw from the gate of hell right now.

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Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by santaclaws: 6:51am On May 19
One thing I've noticed about this administration is the contradictory policies and double standards used across various FG agencies.

The CBN wants to peg the exchange rate at a lower value so they're fighting the exchange rate and accusing BDCs & Crypto agencies, but the Customs, a revenue generating arm of the FG is always quick to increase the exchange rate to reflect the value of the USD to Naira.

I hate to admit it but Tinubu's administration is so contradictory. This is NOT how to run an economy!

38 Likes 4 Shares

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Tyche(m): 6:53am On May 19
This is customs ooooo, a government agency. But they want you to believe that Binance was the problem and unfortunately, some empty heads are towing the line

8 Likes 2 Shares

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Macphenson: 6:59am On May 19
This administration continued the wrecking of the economy through customs, and keeps blaming Crypto traders and Bureau the change.

This is the reason why cost of goods keep skyrocketing in the country.

10 Likes 1 Share

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Menclothing1: 7:01am On May 19
Custom rate is the reason for increase in price of goods why are they always switching rate monthly upward

Rubbish

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Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by BannedUser: 7:15am On May 19
On crypto platforms, it's around 1440. Are we still blaming crypto again?

8 Likes 1 Share

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Henix(m): 7:29am On May 19
FG is just confused and clueless
Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by MichaelSokoto(m): 7:56am On May 19
ronu oooo!
Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by bluebay(m): 8:03am On May 19
They are so fast in raising it but follow due process in bringing it down. Funny people

4 Likes

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Blackdisciple(m): 8:08am On May 19
So these people money is equivalent to dollar, but I thought it is said that any transaction done in Nigeria should be in naira not in foreign currencies abi na whining

2 Likes

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Fuckyoumod: 8:12am On May 19
Lol..... Nigerians una never see anything.
Next time you will use you brains and not tribal and religious cards.

Dollar should hit 2k so Nigerians can understand my write up, some persons are yet to have sense.

Tax the hell out of them, place more taxes on them. They are very foolish people.

12 Likes

Re: Customs FX Rate For Import Duties Rises To ₦‎1,530/$ by Hotice085: 8:29am On May 19
FitCorper:
Good, time for the official market to appreciate, parallel market has been running things b4, people who don’t know or over know economics should pls not quote me. I have heacache. God bless Nigeria… God bless Jagaban.
.

Shut up

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