Federal Government Raises Cargo Clearance Exchange Rate from N783/$ to N952/$

The Central Bank of Nigeria, on behalf of the Federal Government, has elevated the exchange rate for cargo clearance from N783/$ to N952/$. This adjustment follows closely on the heels of a rate hike from N757/$ to N783/$ just three weeks ago.

The PUNCH reported in November, that the exchange rate for cargo clearance was raised from N757 per dollar to N783 per dollar, representing a 3.4 per cent increase.

However, our correspondent observed on Thursday that the new rate has reflected on the portal of the Nigeria Customs Service.