• Customs still operates N197-to-Dollar despite new forex policy

    Customs still operates N197-to-Dollar despite new forex policy

    The Nigeria Customs Service still transacts all its businesses based on the old fixed exchange rate system of N197 to the US Dollar despite the adoption of new foreign exchange regime by the Federal Government.

    The Area Controller of Lilypond Customs Command (Now Tin Can Island Port 2), Alhaji Abdul Kadir Dalhat, made the disclosure at a stakeholders’ forum organised by the command on Monday in Lagos.

    Dalhat said the government had not issued any counter directive to the service on the […]