The federal government, through the Central Bank of Nigeria, has raised the exchange rate for cargo clearance from N952 per dollar to N1.356 per dollar.
The government in November 2023 raised the exchange rate for cargo clearance from N757 per dollar to N783 per dollar, representing a 3.4 per cent increase. Barely one month later, it raised it from N783/$ to N952/$ in December.
Now, it has been raised again from N952 per dollar to N1.356 per dollar.
The Nigeria Customs Service has started using the new rate in its dealings.
