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Naira hits new low, trades at N1,825/$

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Naira hits new low, trades at N1,825/$
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Naira hit a new all-time low on Tuesday, February 20, trading at N1,825 to a dollar.

This comes barely 24 hours after the local currency slumped to N1,700/$1 at the parallel market.

This is despite efforts by the Economic Financial Crimes Commission (EFCC) to stop the free fall of Naira by raiding some Bureau De Change operators’ outlets in Abuja and arresting currency traders suspected to be speculating against the naira on Monday, February 19.

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