The increment recorded was as a result of the floating of naira that allowed market forces determine the exchange rate of its currency. When the CBN dictated
“Once there is a change in the portal, there is nothing anybody can do about it. But if you have captured or access your work, you are good to go and your consignment would be released for you if you don’t have any infraction.”
“Whether you have collected your value, whether you have a PAAR, if you have not done your assessment as of now, you can’t capture with that old rate. Especially for the Roll On Roll Off or those that are doing PARR door to door. It’s a Federal government policy. We stakeholders can’t do anything for now, saying it’s the prerogative of FG to intervene and stabilize the foreign exchange market.”
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