- June 10, 2021
- Posted by: adminer
- Category: Uncategorized
The Association of Nigerian Licensed Customs Agent (ANLCA) says the increase of customs exchange rate for cargo clearance by the Central Bank of Nigeria’s (CBN) is coming at a wrong time.
Mr Ojo Akintoye, the Chairman of Tincan Island Chapter of ANLCA said in Lagos on Wednesday that there is an already tensed atmosphere in the nation, coupled with the rising insecurity and the increase in cargo clearance rate will put more pressure on the already tensed situation.
CBN recently increased the exchange rate for cargo clearance from N381 to N404.97 per dollar.
He added that it would also lead to a hike in prices of goods in the market.
“To the best of my knowledge in cargo clearance, this increase will increase everything about cargo clearance in the country and in the long run, impact negatively on the prices of goods in the market…………..TO CONTINUE READING CLICK HERE