Naira stable at official forex market

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However, currency dealers at the Uyo and Abuja black markets said they bought the dollar at N655.00 and sold within the range of N660.00 and N668.00 respectively on Friday.

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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