The Federal Government, through the Central Bank of Nigeria, has once again adjusted the exchange rate for cargo clearance, setting it at N1,605/$.
This adjustment comes just days after the rate had initially risen to N1,515/$ and later dropped to N1,472. The exchange rate has experienced fluctuations between January and now, with several adjustments.
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It transitioned from N952/$ in December to N1,356/$, then moved to N1,413/$ before reaching N1,444/$. Subsequently, it rose to N1,515 before the latest adjustment to N1,605.
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A visit to the portal of the Nigeria Customs Service on Wednesday confirmed the reflection of the new rate, indicating the latest change in the exchange rate for cargo clearance.
