Dollar transactions at foreign embassies in Nigeria have been stopped by the Economic and Financial Crimes Commission (EFCC).
According to the commission, the Nigerian local currency should be the only legal tender for transactions at foreign embassies.
In an advisory to the Ministry of Foreign Affairs, the EFCC insisted that all transactions at foreign missions should be conducted in Naira.
According to the anti-graft agency, the directive is part of efforts to strengthen the Naira.
It would be recalled that the value of the Naira had dipped from around N700/$1 to around N1,400/$1 in the last one year since the collapse of the foreign exchange windows by the President Bola Tinubu-led administration.
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