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EFCC raids speculators as naira drops to 1,520/$

Operatives of the Economic Financial Crimes Commission, on Tuesday, expanded its clampdown on Bureau De Change operators, arresting traders in Abuja, Lagos, Kano and Port Harcourt.

BDC operators arrested as naira weakens to 1,419/$

The EFCC on Monday conducted an on-the-spot raid at the Wuse Zone 4 area of Abuja, arresting an unidentified number of BDC operators.

EFCC Apprehends BDC Operators As Naira Tumbles To 1,419/$

Naira rebounds to 1,275/$ at parallel market

The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend.

Dollar demand pushes naira to 1,420/$

The naira on Thursday continued its downward trend against the United States dollar, depreciating to N1,309/$ at the official market

Why Naira Slumps to 1,420/$

Naira tumbles to N1,234/$ at official market, speculators resume hoarding

The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange.

EFCC arrests Abuja BDC operators as naira nears 1,600/$

The EFCC raided some BDC operators’ outlets in Abuja on Monday, arresting currency traders suspected to be speculating against the naira.

Naira weakens at official market, banks sell $584m

The United States dollar at the official market on Tuesday. It  closed at N1433/dollar, compared to N1419/dollar recorded on Monday.

Naira drops at parallel market, closes 900/$ official window

With continued dollar scarcity plaguing the country, Bureau de Change Operators confirmed to The PUNCH that the naira touched new depths in the foreign exchange market.