Home Maritime CBN increases exchange rate for cargo clearance amid forex crisis

CBN increases exchange rate for cargo clearance amid forex crisis

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The Central Bank of Nigeria (CBN) has increased the exchange rate for cargo clearance from N783/$ to N952/$ amid foreign exchange crisis.

Earlier in Recall that in November, the government increased 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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