FG raises exchange rate for cargo clearance from N952/$ to N1,356/$

He lamented that the sector had been neglected and things were getting worse by the day. “The question now is, how would freight forwarders and customs brokers agents cope with this new rate?”


Also speaking, an agent, Ben Anya, said that they woke up to the new rate, “which was before now set at N951 per dollar.”


Anya explained that with the latest increase in the exchange rate, the cost of clearing would increase.


“And this would also affect the cost of goods in the market. It would also lead to a drop in importation,” he said.

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