Tag: customs clearance

CBN Again, Increases Exchange Rate for Cargo Clearance

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

Hetty

While stakeholders were groaning over CBN’s adjustment of the exchange rate on the Customs platform from N951.941/$1 it was in December to N1,356.883 on Friday, February 2, it again, reviewed the rate to N1,413.62/$1 on Saturday, February 3, 2023. Going down memory lane, the CBN on June 24, 2023, adjusted the exchange rate from N422.30/$1 […]

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CBN Hikes Customs Duties Rate Again as Naira Depreciates

Federal Government Again Increases Exchange Rate for Cargo Clearance

Hetty

The Federal Government, through the Central Bank of Nigeria, has once again, increased the exchange rate for cargo clearance from N952 per dollar to N1.356 per dollar. This comes a few weeks after the rate was reviewed from N783 per dollar to N952 per dollar. The exchange rate for cargo clearance in November was increased […]

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