FLASH: CBN Increases Exchange Rate For Cargo Clearance To N1,605 Per Dollar

FLASH: CBN Increases Exchange Rate For Cargo Clearance To N1,605 Per Dollar

In a recent development, the Central Bank of Nigeria (CBN) has announced a revised exchange rate for cargo clearance, now set at N1,605 per Dollar….READ ALSO

This adjustment comes in response to recent fluctuations in exchange rates, with the rate previously rising to N1,515/$ before dropping to N1,472/$.

Since January, there have been several adjustments in the exchange rate, starting from N952/$ in December. The new rate of N1,605/$ was confirmed through checks on the portal of the Nigeria Customs Service. Further details on this update are expected shortly.