Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,404 members, 7,819,434 topics. Date: Monday, 06 May 2024 at 04:14 PM |
Nairaland Forum / Nairaland / General / Politics / Customs Reduces Exchange Rate For Import Duties Payment (23934 Views)
Customs Increases FX Rate For Import Duties To ₦1,441/$ / CBN Pegs Rate For Import Duty Payment / Customs Reduces Checkpoints From Seme To Miles 2 Boarder To Facilitate Trade (2) (3) (4)
Re: Customs Reduces Exchange Rate For Import Duties Payment by kingi777: 5:29pm On Apr 19 |
Meaning customs are part of the reason for highcost of things in Nigeria. 2 Likes |
Re: Customs Reduces Exchange Rate For Import Duties Payment by gloryman91: 5:30pm On Apr 19 |
Bring it back to $1 to #1 and open boarders with full and properly monitoring. 1 Like |
Re: Customs Reduces Exchange Rate For Import Duties Payment by Krankhead: 5:30pm On Apr 19 |
BlocksNG:Continue wailing and crying. All your mated are making good use of the system 1 Like 1 Share |
Re: Customs Reduces Exchange Rate For Import Duties Payment by Kingzmate(m): 5:38pm On Apr 19 |
HE HE N91 REDUCEMENT |
Re: Customs Reduces Exchange Rate For Import Duties Payment by Bimpe29: 5:38pm On Apr 19 |
Slow and steady, Nigerian economy will get better. 1 Like |
Re: Customs Reduces Exchange Rate For Import Duties Payment by Honestey: 5:38pm On Apr 19 |
Now I understand the meaning of RENEWED HOPE: . First they made us all lost hope then now they are trying to make life survivable for us and our hopes getting auto renewal 2 Likes |
Re: Customs Reduces Exchange Rate For Import Duties Payment by Kewtt: 5:39pm On Apr 19 |
BlocksNG:That common man is the problem with Nigeria 2 Likes |
Re: Customs Reduces Exchange Rate For Import Duties Payment by BlocksNG(m): 5:40pm On Apr 19 |
mated? Go back to school, ole alagbado. Krankhead: |
Re: Customs Reduces Exchange Rate For Import Duties Payment by BlocksNG(m): 5:41pm On Apr 19 |
Yes, and 97% of citizens are common. Wetin we go do bayii? Kewtt: |
Re: Customs Reduces Exchange Rate For Import Duties Payment by edogu(m): 5:53pm On Apr 19 |
Let's hope it will translate to reduction of prices of imported goods. |
Re: Customs Reduces Exchange Rate For Import Duties Payment by fatboyslym007: 5:54pm On Apr 19 |
KennethOkonkwo: Stop it man... Which kind prayer be that? Nigeria is just getting it right o... |
Re: Customs Reduces Exchange Rate For Import Duties Payment by CrossRhodes: 5:58pm On Apr 19 |
Only 91 naira And you want importers to sell good and service cheap..una well-done. 2 Likes |
Re: Customs Reduces Exchange Rate For Import Duties Payment by CrossRhodes: 5:59pm On Apr 19 |
edogu:Yes imported of flour will reduce by 10 naira |
Re: Customs Reduces Exchange Rate For Import Duties Payment by CrossRhodes: 6:00pm On Apr 19 |
kingi777:They are the main reason... Last year they increased like 3 times in several months, so many goods left uncleared as a result... Now reducing by 91 naira and people will start clapping hands, then they expect importers to sell cheap.. Ok oo 2 Likes |
Re: Customs Reduces Exchange Rate For Import Duties Payment by ogaontop(m): 6:01pm On Apr 19 |
PressMyButton:You've come again with your upside-down economics, when it was at the peaks, what and what did we produce and export? See, till today, there is no substitution for those things we import! More production companies are even closing up due to high costs and unfavourable policies. Finally, bookmark this, before ending May, the custom duty will go below N1,000. You did prove you're more economist than the CBN governor and the economic team! The increase in the duty is more of revenue generation. Customs has generated about 1.5 trillion in the first quarter of the year!! More than 10% of the budget is being funded by the Customs. 1 Like |
Re: Customs Reduces Exchange Rate For Import Duties Payment by rockyh(m): 6:03pm On Apr 19 |
commoditiesnig:we need to do more export of substandard ewa and agbado 1 Like |
Re: Customs Reduces Exchange Rate For Import Duties Payment by StPete: 6:09pm On Apr 19 |
PressMyButton: Now you’re speaking grammar. Did you do all these calculations when Jonathan was in power and dollar was around N200+? How was Nigeria still able to operate fairly? 1 Like |
Re: Customs Reduces Exchange Rate For Import Duties Payment by okorogodwin4(m): 6:15pm On Apr 19 |
Reduction Kee udre NDI oshi |
Re: Customs Reduces Exchange Rate For Import Duties Payment by princedukee(m): 6:17pm On Apr 19 |
Goods are still expensive. Anything that's goes up in Nigeria finds it difficult to go down |
Re: Customs Reduces Exchange Rate For Import Duties Payment by lotkyes200: 6:39pm On Apr 19 |
Why do they collect in dollars is that not stupidity for Nigerians to go look for dollars to clear goods here in Nigeria hmmm 1 Like |
Re: Customs Reduces Exchange Rate For Import Duties Payment by kingsclass: 6:42pm On Apr 19 |
Why should import duties payment be based on dollars exchange rate? We should have our fixed rate based on our currency. 1 Like |
Re: Customs Reduces Exchange Rate For Import Duties Payment by PressMyButton: 6:46pm On Apr 19 |
ogaontop:You're an illiterate, an economy that is battling with forex shortages, inflation, must control importation and that's what CBN is doing. |
Re: Customs Reduces Exchange Rate For Import Duties Payment by Tapout(m): 6:49pm On Apr 19 |
shuttox: Very High! |
Re: Customs Reduces Exchange Rate For Import Duties Payment by PressMyButton: 6:52pm On Apr 19 |
735i:Customs shouldn't generate revenue?, Is there any customs in the world that doesn't generate revenue from relevant custom duties?. Our border should be thrown wide open for all kinds of commodities coming in and going out?, stop clowning. |
Re: Customs Reduces Exchange Rate For Import Duties Payment by MatthiasChin: 7:24pm On Apr 19 |
The poor is definitely not breathing..not in this APC regime |
Re: Customs Reduces Exchange Rate For Import Duties Payment by ayufun: 7:31pm On Apr 19 |
Why are they charging using dollar exchange rate? Is that not an act of dollarising the economy cuz there's no difference in collecting dollars for the import duties since you're taking the naira equivalent? The government is allowing this, knowing well that our currency is weak, and it's going to cause inflation to the economy and hardship for the people. When are we going to have government that mean well for the masses? |
Re: Customs Reduces Exchange Rate For Import Duties Payment by Kpartners: 7:33pm On Apr 19 |
Easywrite:Dollar is dropping? Says who Did you check the price this evening? 1 Like |
Re: Customs Reduces Exchange Rate For Import Duties Payment by iamtoofan: 7:42pm On Apr 19 |
PressMyButton: Lets be reality, ban or hiking importies duties as never stopped the excesssive import of foreign goods, naa prices go high Since govt made policies to throttle import, how far as our local production grow or is it even growing, can our local production really cater for us lets be realistic, when nigeria was importing freely the naira is not as valueless as it now, we didnt see naira fall freely Nigeria problem no dey economic textbook abeg should govt open border and lower custom duties prices will crash market prices |
Re: Customs Reduces Exchange Rate For Import Duties Payment by ogaontop(m): 7:45pm On Apr 19 |
PressMyButton:Illiterate theoretical economist, you're controlling importation with which substitutes? Do you know how many that has died because they can no longer afford drugs I think you need to go start from your SS3 economics and stop sounding professional while you're misleading people! CBN has repeatedly implemented what I wrote up there!! |
Re: Customs Reduces Exchange Rate For Import Duties Payment by ogaontop(m): 7:47pm On Apr 19 |
One |
Re: Customs Reduces Exchange Rate For Import Duties Payment by PHAYOL81: 7:51pm On Apr 19 |
Good news for the importers. Hurraaaaaaayy! |
Re: Customs Reduces Exchange Rate For Import Duties Payment by Gesman: 7:57pm On Apr 19 |
How many of the goods imported are produced in Nigeria? PressMyButton: |
Gridlock: The Madness On Abuja - Lokoja Highway (pictures) / Nigeria Can Generate 12,000 MW Of Electricity — Fashola / El-Rufai: I Don't Know If Tinubu Is The Godfather Of Lagos (Video)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 41 |