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EFCC warns banks against FOREX fraud as Naira hits ₦550 to a Dollar

EFCC warns banks against FOREX fraud as Naira hits ₦550 to a Dollar

The Naira was at a record low against the dollar on Thursday, depreciating to nearly N550 at the unofficial market from N530 at last week’s close as demand for the greenback from importers continues to bump up against scarce market liquidity. Checks in Kano revealed the record high forex rate especially at the Kano’s popular…

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