L
LequteMan
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The federal government of Nigeria has lost N7bn due to the central bank's strong control over foreign exchange policies, The Nation reports.
Reports say the exclusion of some items from foreign exchange (forex) affected the revenue generation profile of the Nigeria Customs Service (NCS).
The Apapa Area 1 Command of the NCS yesterday, announced a dip in its monthly revenue collection for September.
The Command said it collected N23.3 billion as revenue in September, far below the N30.1 billion collected in August, according to a report signed by its Area Controller, Comptroller Eporwei Edike.
The N7billion decline was blamed on the exclusion of some items from foreign exchange transactions by the CBN.
Reports say the exclusion of some items from foreign exchange (forex) affected the revenue generation profile of the Nigeria Customs Service (NCS).
The Apapa Area 1 Command of the NCS yesterday, announced a dip in its monthly revenue collection for September.
The Command said it collected N23.3 billion as revenue in September, far below the N30.1 billion collected in August, according to a report signed by its Area Controller, Comptroller Eporwei Edike.
The N7billion decline was blamed on the exclusion of some items from foreign exchange transactions by the CBN.
