Naira Crisis Deepens as Government Audits CBN Overdrafts, Clamps Down on BDCs

• Federal government begins audit of actual CBN overdraft amount as naira crisis continues • CBN closes lending window to government until outstanding debts cleared
• Naira falls further to around N1,800 per US dollar amid interventions • Clampdown on BDC operators could worsen currency crisis • Inefficient government asset management causes revenue losses - Shettima