The Federal Government through the Central Bank of Nigeria has again raised the exchange rate for cargo clearance to N1,605/$.
This is coming days after the rate rose to N1515/ $ and later dropped to N1,472.
Between January and now, the rate has risen a couple of times.
It was moved from N952/$ in December to N1356/$.
It was moved to N1,413/$ before it went to N1,444/$. The rate moved to N1,515 before finally getting to N1.605.
A visit to the portal of the Nigeria Customs Service on Wednesday revealed that the new rate was reflected on the portal.
