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EXPOSED: The sleazy face of N306/$ (Updated)

…Inside Nigeria’s FX racket where faceless agents pocket over N32bn annually

BusinessDay has unravelled what could very well be the biggest FX racket since the days of military dictator Sani Abacha. Investigations reveal that faceless agents in Nigeria are exploiting the country’s multiple exchange rates to devastating effect and they allegedly have the backing of regulators. BusinessDay has learnt that these agents, handpicked by the Central…

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