Customs, CBN disagree over e-valuation of imports, exports 

THE Nigerian Customs Service has refuted media reports which claimed that the service has adopted the e-evaluator and e-invoicing for importers and exporters introduced by the Central Bank of Nigeria.

The CBN had in February introduced the e-evaluator to cut foreign exchange spending for fraudulent or inflated transactions.

According to a circular signed by the Director, Trade and Exchange Department, CBN, Dr. O. S. Nnaji, the new policy ensures that imports and exports activities with unit prices that are more than 2.5 per cent of the verified global checkmate prices would be queried and would not be denied successful completion of either Form M or Form NX.-Punch