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CBN raises exchange rate for cargo clearance amid forex crisis - DAILY POST

DECEMBER 07, 2023

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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