Nigeria Customs Service Clarifies B’Odogwu Exchange Rates

The Nigeria Customs Service (NCS) issued a clarification regarding the B’Odogwu Unified Customs Management System, stating it does not alter exchange rates for cargo clearance. Abdullahi Maiwada, a representative from NCS, emphasized that the system is designed to retain the last valid exchange rate provided by the Central Bank of Nigeria (CBN) until a successful update is processed.

This mechanism ensures the accuracy and integrity of customs valuation, aligning with national fiscal and monetary policies. The platform transmits exchange rates directly from the CBN, maintaining compliance with statutory provisions.

Maiwada noted that the exchange rate applied within the B’Odogwu platform is the official rate, which is automatically integrated and uniformly applied across customs processes. The NCS remains committed to transparency and compliance, facilitating legitimate trade and ensuring accurate customs valuation.

The current exchange rate reported is N1,365.56 to the US dollar as of February 6, 2026.