The exchange rate for cargo clearance has increased to N1,605/$.
The increase was made by the Federal Government through the Central Bank of Nigeria.
Prior to this increase, the rate rose to N1515/ $ and later dropped to N1,472.
Rate for cargo increase in recent times has been increasing, especially between January till date. In December, it was moved from N952/$ 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.
