Gatekeepers News reports that the rate has now moved from N1,612 per dollar on March 15th to N1,405.46 per dollar currently.
The Nigerian Customs Service (NCS) had earlier announced that the exchange rate for duty collection and cargo clearance would be determined by the Central Bank of Nigeria (CBN), based on the official market rate.
A breakdown of the decline in the past few days
15th March 2024- N1,612/$
16th March 2024- N1,593/$
19th March 2024- N1,572/$
23rd March 2024- N1,448/$
27th March 2024- N1,405/$
Recent reports show that there has been a steady depreciation in value, indicating the strengthening of the naira against other currencies in both the parallel and official foreign exchange markets.
In the last two weeks, the naira has shown a notable improvement in its value, with an increase from N1,615 per dollar on March 13th to N1,382 per dollar by March 26th.
Upper Shari’a Court In Kano has fixed July 4 for the hearing of the trial…
Nigerian Police Force, Sokoto State command has arrested a man, AbdulNasir Bello, 27, for impersonating…
Legendary Nigerian singer, Charles Oputa, also known as Charly Boy, has recalled tragic memories of…
Kano State Police Command has urged residents of the state to ignore false information going…
The Bureau of Public Enterprises (BPE) has announced that the federal government has secured a…
Gunmen killed at least four soldiers on Thursday in Abia State. Gatekeepers News reports that…