Business
BREAKING: FG Increases Exchange Rate For Cargo Clearance Amid Forex Crisis, See New Rate
The updated rate has been observed on the Nigeria Customs Service portal.
The Federal Government through the Central Bank of Nigeria, has raised the exchange rate for cargo clearance from N783/$ to N952/$.
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.
Subsequently, the updated rate has been observed on the Nigeria Customs Service portal.
VerseNews reports that Naira depreciated against the US dollar to N951.22/$1 on Wednesday from N806.73/$1 on Tuesday.
“Nigerian Military Cannot Defeat Bandits”, Sheikh Gumi Makes Shocking Revelation
Sheikh Ahmad Gumi says Nigeria’s armed forces cannot end banditry through force alone and insists that dialogue must form part...
BREAKING: Rivers State Governor Fubara Defects To APC
Rivers State Governor, Siminalayi Fubara, has defected to the ruling All Progressives Congress from the Peoples Democratic Party.
ECOWAS Declares State of Emergency Across West Africa
ECOWAS has declared a state of emergency following a wave of coups and attempted takeovers across West Africa.
LIRS Seals Shoprite Ikeja Over Alleged Tax Default
The Lagos State Internal Revenue Service sealed the Shoprite outlet at Ikeja City Mall for alleged failure to meet tax...
FIFA Confirms Mandatory Three-Minute Hydration Breaks in Each Half of 2026 World Cup
FIFA has approved two compulsory hydration breaks per match at the 2026 World Cup,
Tinubu Seeks Senate Approval to Deploy Troops to Benin
President Bola Ahmed Tinubu has asked the Senate to approve the deployment of Nigerian troops to Benin Republic,
16-Year-Old Boy involved in Scandal With 33-Year-Old Teacher Gets Celebrity Treatment at School (Video)
A video is making the rounds online that shows the moment a 16-year-old boy receives celebrity treatment by colleagues...
‘Nigerian Universities to Shutdown Nationwide in 2026’: SSANU Warns FG
University non-teaching staff have warned that failure to meet their outstanding demands and conclude renegotiations before December 31...
NITDA Warns Nigerians of New ChatGPT Vulnerabilities That Could Leak User Data
NITDA has issued an urgent cybersecurity advisory after seven vulnerabilities were discovered in ChatGPT’s latest models...
CBN Issues 82 New BDC Licences, Moves to Curb Unregistered FX Operators
The Central Bank of Nigeria has confirmed that 82 Bureaux De Change (BDCs) have received final operating licences...
You must be logged in to post a comment Login