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The Naira returned to a depreciation trend against the US Dollar at the official exchange market on Thursday despite the Economic and Financial Crimes Commission, EFCC, raids on Bureau De Change operators. Data from FMDQ showed that the Naira depreciated to N1571.31 per US dollar on Thursday from N1,542.58 on Wednesday. This represents a 28.73 or 1.6 per cent depreciation compared to the N1,542.58 recorded at the close of trading on Wednesday. The depreciation of the Naira against the dollar is not unconnected to the continued clampdown on BDC by EFCC operatives, leading to a surge in the dema…

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