Report Identifies Two Factors That Will Stabilise Naira to Dollar as Analysts Project New Rate [Video]

The anticipated range for the naira exchange rate in the second half of this year is N1,423.26 to N1,550
The analysis predicts that the naira will stay steady for the remainder of the year because of World Bank loan and Dangote refinery
The viability of these actions depends on increased cash inflows from higher export earnings and greater crude oil output

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

The second half of this year is expected to see the naira exchange between N1,423.26 and N1,550, according to a research by United Capital titled Balancing Act: Nigeria’s Path to Stability.

The viability of these policies depends on increased capital inflows from higher crude oil output and increased export earnings, which restock foreign reserves. Photo Credit: CBNSource: UGC

Monday’s closing price in the Nigerian Autonomous Foreign Exchange Market (NAFEM) official window was N1,500.32/$, up 6.05% from …