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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 …

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