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Breaking News: Cargo Clearance Exchange Rate Soars to N1,605/$

The Central Bank of Nigeria, on behalf of the Federal Government, has once again adjusted the exchange rate for cargo clearance to N1,605/$.

This increase follows recent adjustments that saw the rate rise to N1,515/$ before settling at N1,472/$. Since January, the rate has been adjusted several times, starting from N952/$ in December and moving to N1,356/$, then to N1,413/$, and later to N1,444/$, before reaching the current rate of N1,605/$.

A check on the Nigeria Customs Service portal confirmed the new rate on Wednesday.

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