In a move to reduce the pressure on the naira, the Economic and Financial Crimes Commission has raised a 7,000-man special task force across its 14 zonal commands to clamp down on dollar racketeers.
Former President Olusegun Obasanjo says Nigeria and other African countries may find it difficult to secure debt relief considering their large debt profiles.
By the end of the year’s first half, manufacturers partly blamed fuel subsidy removal for increased job losses, unsold goods on supermarket shelves, and more.