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/$. And was moved to N1,413/$ before it went to N1,444/$. The rate moved to N1,515 before finally getting to N1.605.
LeadingReporters gathered that on Wednesday, the rate for cargo clearance was noted at N1,605 per US dollar.
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