BusinessNewsNigeriaEFCC raid streets, arrests illegal money changers as effort to save the naira takes new shape
The Economic and Financial Crimes Commission, EFCC, has gone all out to save Nigeria’s local currency, the naira from its continued free fall against foreign currencies. On Wednesday, Nigeria’s forex crisis saw the naira trade for N1,830/US$1 in the streets. The official exchange rate does not fare better too. The currency has plunged to N1,555/US$1, moving closer to the street rate. The naira also weakened against the Great British Pound and the Euro. The rates...










