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Nigerian Security Operatives Arrest Over 100 Bureau De Change Operators In Abuja As Naira Slumps To 1980 Per $1

Nigerian security operatives including officials of the Economic and Financial Crimes Commission (EFCC) on Wednesday raided some Bureau De Change outlets in the Federal Capital Territory, Abuja, arresting over 100 operators as the country’s currency slipped further. Nigeria's naira on Wednesday dropped to a record low against the dollar on the official market. SaharaReporters learnt that the naira now exchanged for N1980 to $1 on the parallel market and N1780 on the official market as the swift decline continued amid the government’s clampdown on currency speculators. ....

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Shots Fired As EFCC Operatives Clash With Bureau De Change Operators In Abuja Amid Move By Tinubu Govt To Save Face Over Free Fall Of Naira

Personnel of the Economic and Financial Crimes Commission (EFCC) on Monday violently clashed with Bureau De Change operators in Wuse Zone 4, Abuja, Federal Capital Territory. SaharaReporters learnt that the BDCs were forced to close down to save face and arrest the free fall of the naira. This comes as the naira further depreciated to about N1,700 to a dollar and N2,100 to the British Pounds. SaharaReporters learnt that the EFCC employed the use of firearms to force the BDC operators to stop trading, leading to the firing of gunshots. ....

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Is there any hope for Nigeria's Naira?

Is there any hope for Nigeria's Naira?
onlinenigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from onlinenigeria.com Daily Mail and Mail on Sunday newspapers.

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Naira rebounds as banks offload excess dollars

It was learnt that the treasury departments of the DMBs spent the entire day battling to sell their excess FX holdings. Officials processed several foreign exchange request forms of their customers as they sold more dollars to them, The PUNCH gathered. ....

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Naira Vs Dollar: FG Orders Closure Of BDC Centres In Abuja

President Bola Tinubu s government has orchestrated the closure of Bureau De Change (BDC) centres in Abuja over naira vs dollar ....

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