The Nigeria Customs Service has clarified that its Unified Customs Management System, known as B’Odogwu, does not in any way generate, substitute for, or alter foreign exchange rates used in cargo clearance valuation.
The statement was made by the National Public Relations Officer of the Nigeria Customs Service, Abdullahi Maiwada, in a press release on Monday.
The clarification was issued amid public discussions about foreign exchange pricing and customs valuation practices.
According to Maiwada, the B’Odogwu platform receives official foreign exchange rates electronically from the Central Bank of Nigeria, which is the authority responsible for determining exchange rates under Nigeria’s monetary framework.
He emphasised that the platform automatically integrates and applies the rates as transmitted by the Central Bank, ensuring uniform application across all customs formations.
He said the design of the system ensures transparency, predictability, audit integrity and compliance with statutory fiscal and monetary policies.
Maiwada explained that where there is a change in data transmission format, the system retains the most recent valid Central Bank‑provided rate until the updated feed is processed. He said this prevents disruption to valuation continuity and accuracy.
He stated that the rate of ₦1,365.56 per United States dollar was applied for customs valuation on February 6, 2026, based on the official rate transmitted by the Central Bank.
Maiwada said that a reported rate of ₦1,451.63 per dollar for that date did not originate from the B’Odogwu system, but from a legacy public trade information portal that does not reflect live customs processing data.
Maiwada said the service is working with the Central Bank to enable seamless integration of exchange rate feeds via application programming interface, which is expected to strengthen real‑time transmission and system reliability.
He reiterated that B’Odogwu is the sole official platform for customs declarations, clearance and valuation, and that the service does not independently determine or modify foreign exchange rates used in these processes.
