CBN Again, Increases Exchange Rate for Cargo Clearance

CBN Again, Increases Exchange Rate for Cargo Clearance

News - Women's Perspective

The Central Bank of Nigeria (CBN) has once again increased the exchange rate for cargo clearance to N1,605/$.

The latest review is said be premised on the dollar rate with the rate initially rising to N1,515/$, then dropping to N1,472/$.

Since January, there have been several adjustments in the exchange rate, starting from N952/$ in December, then moving to N1,356/$, followed by N1,413/$, and eventually reaching N1,444/$ before hitting the current rate of N1,605/$.

The Nigeria Customs Service portal has by this Wednesday morning already reflected the new rate.

Details soon…

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CBN Makes Another Exchange Rate Adjustment on Customs Platform within 24 Hours