Exchange Rate Archives

Africa: CPPE warns Nigeria at risk of losing cargo to neighbors due to rising import duty exchange rate, urges President Tinubu to intervene

AtqnewsAugust 20, 20240806 views

The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns that Nigeria could lose cargo to neighboring countries due to…

Africa: Again, Nigeria’s Government Adjust Cargo Clearance Exchange Rate to N1,356/$ As Clearing Agents Laments

AtqnewsFebruary 5, 20240772 views

In a significant move, the Federal Government, facilitated by the Central Bank of Nigeria, has implemented an adjustment in the exchange rate…

Africa: Nigerian Importers Abandon Cargoes at The Ports Due to CBN’s Frequent Exchange Rate Adjustments

AtqnewsFebruary 5, 20240815 views

Due to the Central Bank of Nigeria’s frequent reviews of the nation’s exchange rate, which recently escalated to N1,413.62/$1 from N1,356.883/$1, importers…