Customs Set To Establish Stable Fx Rate For Imports

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Generates N4.5trn in Adeniyis 1st yr

By Emma Ujah, Abuja Bureau Chief

The Nigeria CustomsService, NCS, has indicated that it has started working with the Central Bank of Nigeria, CBN, to achieve a stable exchange rate for imports.

The Comptroller-General C-G of Customs, Mr. Adewale Adeniyi disclosed this at a press conference in Abuja yesterday to mark his one year in office.

He spoke at the backdrop of huge distortions in business planning caused by frequent change in exchange rate over the past few months.