LIVE UPDATES
The Economic and Financial Crimes Commission On Tuesday has reportedly apprehended several Bureau De Change operators at the well-known Wuse Zone 4 market.
During a sting operation, some BDC operators were said to have resisted the arrest. At the same time, traders mentioned that the operatives were conducting routine raids to clean up the market from street traders and stop unauthorized trading.
The new rate indicated that the naira dropped by 4.4 percent or N62, raising concerns about rapid fluctuations.
The intraday high increased to N1,445 on Tuesday from N1,441/$1 recorded on Monday. The intraday low also depreciated to N1,301/$1 as against N1,285/$1 it traded on Monday.
The volume of dollars supplied by willing buyers and willing sellers however increased to $160.77m from $84.3m on Monday.
The former rate was the lowest point in approximately ten weeks when daily turnover was $66.4 million, which occurred on February 19, 2024.
