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