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Nairaland Forum / Nairaland / General / Politics / Devaluation Looms As Nigeria Customs Service Changes Exchange Rate To N326 (417 Views)
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Devaluation Looms As Nigeria Customs Service Changes Exchange Rate To N326 by Blue3k2: 8:33pm On Jun 14, 2019 |
By Bamidele Samuel Adesoji Source: https://nairametrics.com/2019/06/14/devaluation-looms-as-customs-changes-exchange-rate-to-n326/ |
Re: Devaluation Looms As Nigeria Customs Service Changes Exchange Rate To N326 by Blue3k2: 9:03pm On Jun 14, 2019 |
The guys over reacted yesterday assuming CBN was going to float naira. I had my suspicions since they're adamantly opposed to it. This seems more likely if they decide to make any changes. I do think they will merge exchange rates since they have good opportunity since they're naturally merging as Bloomberg pointed out months ago. the Nigeria Customs Service allegedly directed importers to pay for duties at the rate of N326 per dollar against the official rate of N306. The new price regime was cited as an order from the CBN. Customs should come confirm if they did this. |
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