Some capital market operators have commended the Federal Government for resisting the pressure to devalue the official rate of the naira.
They told the News Agency of Nigeria (NAN) in Lagos that rather than devalue the naira, government should address the wide margin of the exchange rate in the official and black market.
NAN reports that the market operators made the suggestion against the backdrop of recent calls for devaluation of the naira.

While the official naira exchange rate has remained stable at N197.50 to the dollar at the CBN, it once depreciated to as low as N390 to the dollar at the black market.
It is currently within the band of N320 and N330 to the dollar at the black market.

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http://www.sarakinews.com/2016/03/capital-market-operator-commend-fg-for.html