BREAKING: CBN Raises Exchange Rate For Cargo Clearance To N1,605 Per Dollar

EKO HOT BLOG reports that the Central Bank of Nigeria (CBN), on behalf of the Federal Government, has again increased the exchange rate for cargo clearance to N1,605 per Dollar.
Naija News understands that this adjustment follows recent fluctuations, 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/$.

Checks on the portal of the Nigeria Customs Service on Wednesday morning showed that the new rate was reflected on the portal.

More details shortly…
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