Economic Hardship: Naira Hits New Low, Trades At N1,825 To A Dollar

The Nigerian Naira has hit a new all-time low on Tuesday, February 20, as it traded at N1,825 to a dollar, according to Peoples Gazette.

VANEDONLINE reports that this occurred barely 24 hours after the Naira slumped to N1,700/$ at thr parallel market.

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This is despite efforts by the Economic Financial Crimes Commission (EFCC) to stop the free fall of Naira by raiding some Bureau De Change operators’ outlets in Abuja and arresting currency traders suspected to be speculating against the naira on Monday, February 19.

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