Naira Stabilizes At N1,500/$ Amid EFCC Crackdown On Street Trading

The naira has held steady against the dollar in the parallel market, trading at N1,500/$1 on Friday, an improvement from Thursday’s rate of N1,510/$1. This stabilization comes as the Economic and Financial Crimes Commission (EFCC) intensifies efforts to curb illegal foreign exchange trading on the streets.In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira also saw a slight appreciation, closing at N1,482.8 on Friday, up from N1,485.7 the previous day...https://ratecaptain.com/naira-stabilizes-at-n1500-amid-efcc-crackdown-on-street-trading/