Business
Financial market analyst, Agba Akin, tasks CBN to act quickly on dollar rise
A financial analyst, Agba Akin has put on X the emergence of new Binance and other P2P apps crashing the parachuted naira since Wednesday.
Agba Akin in his words said; “Since Wednesday, the dollar has started increasing again at BDC, here is why. The emergency lovers of Binance are back speculating on other P2P apps.
“They’ll keep adding N50 every day until they take it back to 2,500 which was their initial plan, and recoup their loss. CBN, act now.”
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The spokersperson of the Economic and Financial Crimes Commission EFCC Dele Oyewale, reacting to this development also assured Nigerians that the commission is doing everything in accordance with the law to clamp down the offenders and to bring back naira to her standing feet.
“The commission is doing everything within the ambit of the law to ensure that there’s sanity in Nigerian the foreign exchange market,” Oyewale said.