The Central Bank of Nigeria Governor, Godwin Emefiele, on Thursday met with President Muhammadu Buhari at the presidential villa in Abuja.
Speaking with state house correspondents shortly after the meeting, Emefiele said he briefed the President on the stability in the foreign exchange market and other activities of the apex bank
He said Buhari was delighted over the stability in the forex market.
He said, “Basically as it is expected what we normally do is from time to time to brief the President about activities about the Central Bank of Nigeria (CBN),” he said.
“Particularly at this time as it relates to the efforts that the central bank is doing to stabilise the forex market.
“We briefed him regarding the activities so far and he was delighted to hear that the market is stabilising at the level that it is right now.
“I am saying the parallel market which currently stabilises at between N380 and N385.”
Emefiele said the increase in crude oil production and export were the major factors responsible for the stability in the forex market.
Earlier in the week, Buhari held separate meetings with Abubakar Malami, attorney-general of the federation, and Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC).
