Nigeria Customs Service (NCS) says it does not set exchange rates for cargo clearance.
Instead, it applies rates sent directly by the Central Bank of Nigeria (CBN).
However, recent public debate over forex pricing prompted the agency to respond.
NCS spokesperson Abdullahi Maiwada said a reported rate of ₦1,451.63 per dollar on 6 February 2026 did not come from Customs.
READ ALSO
- FCT Begins Screening of Aspirants Ahead of Sport’s Elections
- Tinubu Winning More Grassroots Confidence Despite Opposition — Eradiri
- 10 Countries Face Ebola Threat as Outbreak Spreads – Africa CDC
Rather, the figure appeared on trade.gov.ng, an old trade portal.
He added that the portal does not show live Customs data.
Meanwhile, Customs uses its digital platform, B’Odogwu, for all declarations and valuations.
The system receives exchange rates automatically from the Central Bank.
It then applies the rates across all commands nationwide.
Therefore, Customs does not generate or adjust any forex rate.
Instead, it follows official monetary policy.
Maiwada said this process ensures transparency and uniform application.
Ultimately, any change in clearance cost reflects CBN decisions, not Customs action.
About The Author
