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Home ยป CBN raises exchange rate for cargo clearance amid forex crisis
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CBN raises exchange rate for cargo clearance amid forex crisis

OsunDailyBy OsunDailyDecember 7, 2023No Comments1 Min Read
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$1tn economy: Mergers, acquisitions loom as CBN plans banks' recapitalization
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The Central Bank of Nigeria has increased the exchange rate for cargo clearance from N783/$ 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.

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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Cargo CBN clearance Crisis Exchange Forex Raises Rate
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