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Nigeria’s Central Bank Raises Exchange Rate for Cargo Clearance

The Federal Government of Nigeria, through the Central Bank of Nigeria (CBN), has announced a significant increase in the exchange rate used for cargo clearance. The rate has been adjusted from N783 to N952 per US dollar.JAMB Result

This change marks a considerable escalation in the rate, following a recent increase just three weeks prior, when the rate was raised from N757 to N783 per dollar.informationguidenigeria


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The PUNCH reported in November about the previous adjustment, which represented a 3.4 percent increase.NYSC Portal

The latest hike, however, is more substantial and reflects the ongoing economic adjustments and challenges faced by the country.JAMB Portal

However,PUNCH  observed on Thursday that the new rate has reflected on the portal of the Nigeria Customs Service.

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Emediong Silver

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

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