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.
Read Also : Naira to Dollar, Pounds to Naira, Euro to Naira Black Market Exchange Rates Today 22 February 2024
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.
Forex Crisis: FG Blocks Binance, OctaFX, Coinbase, and Others
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.