The Nigeria Customs Service on Monday clarified that it does not determine or manipulate foreign exchange rates used for import and export valuation.

It stressed that all rates applied on its digital clearance platform are officially transmitted by the Central Bank of Nigeria.

The Service made the clarification in a statement issued by the Deputy Comptroller of Customs and National Public Relations Officer, Abdullahi Maiwada, titled, “Nigeria Customs Service clarifies exchange rate application in customs valuation.”