Cargo Importation Threatened As Throughput Drops By 44%

Cargo Importation Threatened As Throughput Drops By 44% …C0NTINUE READING HERE >>>

Importation into the country during the yuletide is expected to drop as cargo through put into the nation’s seaports drops by 44 per cent, LEADERSHIP can report.

The drop was attributed to the depreciation of naira that has made foreign currency, especially the United States dollar to go up by over 100 per cent.

LEADERSHIP gathered that from September 2023 to September 2024 the Nigerian Naira depreciated by 52.92 per cent from N905/$1 in December, 27th, 2023 to N1,666, November…

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