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.
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DAILY POST reports that Naira depreciated against the US dollar to N951.22/$1 on Wednesday from N806.73/$1 on Tuesday.
(Daily Post)
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