The Federal Government through the Central Bank of Nigeria has raised the exchange rate for cargo clearance from nine hundred and fifty-two per dollar to one thousand, three hundred fifty-six per dollar.
This is coming weeks after the rate was increased from seven hundred and eighty-three per dollar to nine hundred and fifty-two per dollar.
In November, the exchange rate for cargo clearance was raised from N757 per dollar to N783 per dollar, representing a 3.4 percent increase, and was later raised from N783/$ to N952/$ in December.
However, it was observed on Friday that the new rate has been reflected on the portal of the Nigeria Customs Service.
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