Nigerian currency dealers said they agreed in a meeting on Wednesday to halt trading if the naira, hard hit by tumbling oil prices, falls more than 2 percent in a session against the U.S. dollar.
Interbank traders began business about an hour late after discussing how to stabilise the naira and offer more efficient two-way quotes, dealers told Reuters.
The naira firmed 4.3 percent against the greenback to 184, recovering from a record intraday low after the central bank sold dollars to some commercial lenders to support the currency.
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