Naira Crash

Naira Crash: Task Force Raids Enugu Arrests 115 Suspects For Currency Racketeering

Feb 23, 2024. by Praise Ben

EKO HOT BLOG reports that a Joint Task Force consisting of the Nigeria Customs Service, the Nigeria Police Force, and the Economic and Financial Crimes Commission, Enugu Zonal Command, on Wednesday, apprehended 115 (one hundred and fifteen) individuals suspected to be in the business of currency racketeering in Enugu State. In a sting operation at Owerri … Read more

Naira Crashes To All-Time Low, Sells ₦1,000/$ At Parallel Market

Sep 26, 2023. by Ekohot Editor

Eko Hot Blog reports that Nigeria’s local currency, the naira, has set a new record, falling to its lowest against the dollar at the parallel market. Currency traders in Lagos, also known as Bureaux De Change operators (BDCs), quoted the naira at N1,000 to the greenback at the street market. The traders, on Tuesday, put … Read more