Economy

EFCC invades Black market forex offices over Naira inflation

Operatives of the Economic and Financial Crimes Commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid fall of the naira.

Premium Times reports that two white buses parked in front of the Musawa House along Constantine Street of Wuse Zone 4.

The anti-graft operatives were seen dragging a BDC operator into one of the waiting vehicles, while people surged toward the officials.

Other EFCC officials stood at an intersection between Sheraton Hotel and Constantine Street adjacent Abacha Estate in the Wuse area as vehiclar traffic grew.

BDC operators who did not want to be named for fear of arrest, said the dollar sold at N860 as of 1p.m on Tuesday.

The operator said:

“For now, there is no dollar to sell. This morning (Tuesday), a dollar was selling for N850, while I bought a dollar at N840.”

Another BDC operator disclosed: “As of 1.53p.m, the USD was selling between N870 and N900 depending on sellers and buyers bargaining power.”
CONTINUE READING…

A MUST-READ BELOW
For Your Advert Placement, Publicity, Press Release, Personality Promotion, Special Report, Featured Story, Conference, Interviews, And So On – CONTACT US on WhatsApp/Call📞@ 08072633727 📲
NOTE: We wish to add you to our WhatsApp Database to get our Trending, latest and timely news directly into your WhatsApp Box as the news breaks.

Agency1

Recent Posts

UK slams travelling conditions on Nigeria, 32 others

Nigerians and citizens of 32 other African countries must obtain entry clearance before travelling to…

3 hours ago

2027: Nafiu Gombe Wins, Atiku Out… As Appeal Court bars INEC from recognising Mark-led ADC

A Court of Appeal in Abuja has affirmed the judgment of a federal high court…

13 hours ago

Fayemi Celebrates Soyinka at 92

Dr Kayode Fayemi, immediate past Governor of Ekiti State and former Chairman of the Nigerian…

14 hours ago

2027 Polls: Makinde Picks Running Mate For Presidential Election

News Update Ibrahim Adamu Bala has been selected by the Allied Peoples’ Movement (APM) as…

16 hours ago

FG Suspends Proposed 2027 WASSCE, NECO Fee Hike Amid Backlash

News Update THE Federal Government has suspended the recent hike of the fees for the…

19 hours ago

Trucks: Dangote offers N500,000 reward for whistleblowers

Dangote Industries Limited has intensified efforts to combat illegal haulage activities involving its trucks by…

20 hours ago