CBN slashes customs exchange rate by 1.5%

The slash, analysts argued, was as a result of the naira that strengthened against the dollar at the official window, over the weekend.

According to data on the Federal Government Single Window for Trade, the exchange rate for clearance of cargoes at the seaports, on Monday, is currently N1,593.41/$1 against N1617.96/$1, it was over the weekend.