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CBN Raises Exchange Rate For Cargo Clearance Amid Forex Crisis

Adams Bamidele by Adams Bamidele
December 7, 2023
in Featured, News
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The Central Bank of Nigeria has increased the exchange rate for cargo clearance from N783/$ to N952/$ amid foreign exchange crisis.

Recall that in November, the government reviewed its exchange rate for cargo clearance to N783 per dollar from N757 per dollar, representing a 3.4 per cent increase.

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The development comes amid the continued forex crisis since the apex bank floated the Naira in June.

DAILY POST reports that Naira depreciated against the US dollar to N951.22/$1 on Wednesday from N806.73/$1 on Tuesday.

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