The Central Bank of Nigeria, on behalf of the Federal Government, has elevated the exchange rate for cargo clearance from N783/$ to N952/$. This adjustment follows closely on the heels of a recent increase from N757/$ to N783/$, which occurred just three weeks prior.
The initial raise in November saw the exchange rate climb by 3.4%, moving from N757 per dollar to N783 per dollar. As of Thursday, this updated rate of N952 per dollar has been noted on the Nigeria Customs Service portal.
Further details to follow.
