fx rate
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Nigeria Nigeria Customs Service: Cargo Clearance FX Rate Plunges Below Market Prices
Recent updates from the Nigeria Customs Service (NCS) reveal a surprising development in the foreign exchange market, as the exchange rate for cargo clearance has dropped to N1,164.84/$, falling below both official and parallel market rates. This significant shift, reported by Nairametrics... -
Nigeria Adelabu's Claim of Electricity Tariff Reduction if FX Rate Falls Below N1,000 Met With Public Skepticism
Adebayo Adelabu, the Minister of Power, has stirred discussion by asserting that electricity tariffs could decrease if the foreign exchange (FX) rate falls below N1,000. His remarks come in the wake of the Nigerian Electricity Regulatory Commission's (NERC) approval of an increase in electricity...
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