Abuja Foreign Exchange Black Market Halts Trading Amid Naira Depreciation
On February 1, in Abuja, Nigeria, the black market for foreign exchange abruptly halted trading, leaving customers stranded.
The operators, including those at prominent locations like the Wuse Zone 4 market, ceased transactions due to union instructions and the Naira’s significant depreciation against the US dollar in the official market.
The union’s Task Force ensured compliance and prevented BDC operators from trading forex.