To force exchange rate down, Nigeria clamps down on money changers

November 11, 2016 by Delia Innoma 1 Comment

sss

In order to force a favourable exchange rate for the Naira, the Nigerian government has commenced a clampdown on money changers, called Bureau De Change operators.

Dozens of money changers have since Wednesday been arrested by officials of the State Security Service, SSS, in Lagos and Abuja.

The arrests, according to Premium Times, commenced after a meeting between the SSS, officials of Nigeria’s Central Bank, CBN, and leaders of the Bureau De Change in Abuja over the weekend.

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About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.
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One Response to “To force exchange rate down, Nigeria clamps down on money changers”

  1. Unknown's avatar
    jude Reply November 11, 2016 at 15:26

    nice job!

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