Naira stable at official forex market

Naira recorded no movement against the U.S. dollar at the official market on Friday, a day after top officials of two government agencies met to resolve the foreign exchange crisis in the country.

Messrs Bawa and Jere held a “strategy” meeting on the issue behind closed doors at the headquarters of NIS in Abuja on Thursday, a tweet by the EFCC said. Forex speculators have been blamed for contributing to the free fall in the value of the naira, which prompted the anti-graft agency where forex is officially traded, naira closed at N428.12 to a dollar at the close of business on Friday, the same rate it exchanged in the previous session on Thursday.

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