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Nairaland Forum / Nairaland / General / Politics / CBN Pegs Rate For Import Duty Payment (21164 Views)
Customs Reduces Exchange Rate For Import Duties Payment / NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre / APC Pegs 2023 Presidential Nomination Form At ₦100m, Announce Primaries Date (2) (3) (4)
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Re: CBN Pegs Rate For Import Duty Payment by Themandator: 8:12am On Feb 24 |
TimeManager: But Obi suggestion or statement was on front lage just days ago |
Re: CBN Pegs Rate For Import Duty Payment by Obi3icebaba(m): 8:13am On Feb 24 |
TimeManager: |
Re: CBN Pegs Rate For Import Duty Payment by Bluffly: 8:14am On Feb 24 |
psucc:There are statutory areas that must be stable |
Re: CBN Pegs Rate For Import Duty Payment by 540niyilolawa: 8:19am On Feb 24 |
Blindness ontop stewpïdity na double wahala for dead bodyBlindness ontop stewpïdity na double wahala for dead body... |
Re: CBN Pegs Rate For Import Duty Payment by HBB1(m): 8:22am On Feb 24 |
successmatters: So what do you suggest instead? |
Re: CBN Pegs Rate For Import Duty Payment by ArcSEMPECJ(m): 8:22am On Feb 24 |
Crimecity: Why addressing the Foolish Policy Committee member of APC on Nairaland matters ?? You should have allowed him to be floating like Naira against Dollar over here .... 1 Like 1 Share |
Re: CBN Pegs Rate For Import Duty Payment by HBB1(m): 8:23am On Feb 24 |
Zooposki: I guess they read all the comments on Nairaland before making decisions 1 Like |
Re: CBN Pegs Rate For Import Duty Payment by Themandator: 8:23am On Feb 24 |
LegendHero: It is you that doesn't even understand the simple statement. To subsidise your ignorance the reports says the rate as at the date you as importer submitted your M form that is the rate that will continue for you until you receive your goods in your warehouses. In other words, if the rate was 1600 on that date and the day you receive your goods it has climbed to 3000 what applies to you is 1600 |
Re: CBN Pegs Rate For Import Duty Payment by Oghene86: 8:27am On Feb 24 |
treesun: If they like they arrest all BDC operators in the country the Naira will continue to fall, as long as we are not having in Flow of dollars nothing would happen, these men are not economist they are commercial bankers and don't expect anything good from Cardoso that ran a bank down to liquidation 1 Like |
Re: CBN Pegs Rate For Import Duty Payment by Themandator: 8:27am On Feb 24 |
Bluffly: Mention 2 '' statutory' areas and non 'statutory' areas |
Re: CBN Pegs Rate For Import Duty Payment by IamAtikulate: 8:33am On Feb 24 |
I thought Tinubu wants to float the FX? Why is he pegging the custom's exchange rate again? Confused man |
Re: CBN Pegs Rate For Import Duty Payment by chidiokay: 8:36am On Feb 24 |
LegendHero: that is still "pegging", i believe you understand how auto and manual work Using the "closing rate" resonates with the manual, cos it is dependent on effort and "FIXED" While the floated exchange rate can be ascribed as Automatic, the Fx market determines the price parties just follow Just an analogy, before you come back and tell me you no find am for textbooks 1 Like |
Re: CBN Pegs Rate For Import Duty Payment by Elliotwaveforec: 8:38am On Feb 24 |
LadyExcellency:Thank you! You're good. 1 Like |
Re: CBN Pegs Rate For Import Duty Payment by Themandator: 8:43am On Feb 24 |
TimeManager:
|
Re: CBN Pegs Rate For Import Duty Payment by tivity101: 8:43am On Feb 24 |
This was PO advice some time ago but the clueless government never saw the importance in it. Finally they are gradually waking from thier slumber to do the needful. Besides, why do we even charge import duties in dollars? Why not charge in naira so it could be easier for importers |
Re: CBN Pegs Rate For Import Duty Payment by nlreserve: 8:46am On Feb 24 |
TimeManager:Your reply went off the line you were arguing about. Be humble and kiss the truth |
Re: CBN Pegs Rate For Import Duty Payment by chidiokay: 8:55am On Feb 24 |
Oghene86: Not having an inflow of Dollar is not the problem per say ... The excessive demand for dollar is what is strangulating the naira and as if that is not worst enough we now have FX speculators who specializes in Mopping & hoarding little available dollar to squirt overnight profit. If the inflow is low and the demand for dollar is low or moderate the economic will stil sail The scope of an "economy" is transactional inflow and outflow of money, and what bankers do is money practical compared to economists who just profound theories, i think economists are better of as consultants |
Re: CBN Pegs Rate For Import Duty Payment by JagabanB: 9:02am On Feb 24 |
successmatters:And u are a very successful economist online. 1 Like 1 Share |
Re: CBN Pegs Rate For Import Duty Payment by cjfavour(m): 9:07am On Feb 24 |
At last he listened to po's advice. treesun: |
Re: CBN Pegs Rate For Import Duty Payment by cjfavour(m): 9:13am On Feb 24 |
The poster should be blamed not the people. Themandator: |
Re: CBN Pegs Rate For Import Duty Payment by PARADIZEPRIEST: 9:19am On Feb 24 |
psucc:WHAT IS HAPPENING IS ALSO SERIOUS DETERENT TO THOSE FOOLS IMPORTING NONSENSE INTO NIGERIA. HOW CAN YOU BE IMPORTING FURNITURE AND UPHOLTERY INTO NAIJA,IMPORTING FOREIGN PAINTS, IMPORTING EVEN FOREIGN NEW CARS WHERE INNOSON MOTORS IS DOING GREAT. YOU PPL ARE ARCHITECH OF YA PROBLEM,YOUR UGLY TASTE FOR FOREIGN GOODS PUSHES THE LIKES OF PUBLIC SERVANTS AND BANKERS TO LOOT AND FUTHER COMMIT ECONOMIC CRIMES AGAINST NAIJA TO SUSTAIN SUCH UGLY LIFESTYLE. DOUBLE JEOPARDY. 1 Like |
Re: CBN Pegs Rate For Import Duty Payment by efemena5050(m): 9:30am On Feb 24 |
gaby:let me help u, the "Ekpa" he called u simply means ....MUMU../ SENSELESS Goat.........is an urhobo word from Delta state .......Am a translator in nairaland I translate curses and abuses in local tongues 1 Like |
Re: CBN Pegs Rate For Import Duty Payment by Win12345: 9:30am On Feb 24 |
Jokers, give Obi Nigeria and see turn around in six months. Your people despise Obi but take his advise. There are much more Obi can offer Nigeria. ALL THAT WE ARE SUFFERING TODAY ARE NEEDLESS. But we have incompetent and corrupt APC incharge. |
Re: CBN Pegs Rate For Import Duty Payment by treesun: 9:44am On Feb 24 |
TimeManager: I am into clearing and forwarding, so I understand. You must have wasted your school days. They are now begging because agents have raised voices. in the last 10 days, exchange rates changed more than twice! |
Re: CBN Pegs Rate For Import Duty Payment by treesun: 9:45am On Feb 24 |
IamAtikulate:Cold bottle for you, all these APC urchins dont know anything! |
Re: CBN Pegs Rate For Import Duty Payment by Blakjewelry(m): 9:53am On Feb 24 |
gaby:Are you sure you read the body of the message abi na to read headline and then comment. |
Re: CBN Pegs Rate For Import Duty Payment by Vision101(m): 9:55am On Feb 24 |
Kaycee9242:I don't think that you understood what the CBN is saying. The new rules helps the importer to plan his cost and the customs to plan their budget. The old rules which are volatile has been in operation for long. Let's praise these men. This is the toughest job in Nigeria right now. They are managing the damage of so many years. 1 Like |
Re: CBN Pegs Rate For Import Duty Payment by Stanboy0813(m): 9:59am On Feb 24 |
treesun:But why do we have to clear in dollars instead of our national currency. Just asking cause I honestly don't know. |
Re: CBN Pegs Rate For Import Duty Payment by casualobserver: 10:17am On Feb 24 |
Zooposki: Obi shouldn’t complain when the Naira appreciates (and it will eventually) and the duty they are asked to pay is more than the prevailing exchange rate at the time the goods land . Uncertainty and risk is a part of business. 1 Like |
Re: CBN Pegs Rate For Import Duty Payment by Concord23(m): 10:19am On Feb 24 |
I said that dollar will not come down since CBN is peg import duty above #1000, CBN is the cause hike |
Re: CBN Pegs Rate For Import Duty Payment by Dynamicboss: 10:25am On Feb 24 |
successmatters: When naira was floated, what happened? Is Nigeria an export based country? |
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