Posted 2/1/2024, 1:19:59 PM
DSS Shuts Down Abuja BDC Operations Amid Naira Crisis and Tinubu Government Efforts to Stabilize Currency
- Tinubu's government directed DSS to force closure of BDCs in Abuja to stabilize naira and save face
- DSS has taken over the BDCs amid government's efforts to stabilize naira
- Naira hit record low of 1,531 to dollar on official market, below parallel market rate
- Lagos BDC market still open but in panic mode, dollar traded at 1,520 naira on Wednesday
- Abuja BDC operators association announced indefinite closure blaming dollar shortage and online banking