CBN increases customs FX clearance rate by N18.44 to N1612/$ 

The Central Bank of Nigeria (CBN) has increased the FX rate for clearance of goods at different import points by N18.44 from N1593.84/$ to N1612.28/$.  

This is according to the latest information available on the exchange rate portal of the Nigeria Customs Service (NCS).  

The new figure for the exchange rate was introduced on the 11 of March and mirrors the prevailing market rate on that day. According to ThePressNG daily exchange rate monitor, the naira closed at N1617.96 to the USD on the official window on the 11th of March 2024.  

The Nigeria Customs boss had earlier stated that following the floating of the naira, the NCS will regularly change the FX rate for clearance of goods in accordance with the figures from the CBN official market rate.