This Stability is Expected to Be Temporary: Experts speaks as Naira finally finds balance [Video]

• It appears the naira has remained stable for a while as the local currency traded between N1,476 and N1,485 against the US dollar
• Financial analysts said that the occurrence in the market showed that the FX market is a reduction in demand largely
• This came after analysts earlier predicted that the naira would soon appreciate against the dollar following a loan from the World Bank

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

The naira has been stable over the past month, trading in the official foreign exchange market between N1,476 and N1,485 against the US dollar; nonetheless, sustainability is still a cause for concern.

The naira closed the trading week on Friday at N1,485.53 per dollar, which was not different from N1,485.36 on Thursday.

According to data from the FMDQ Securities Exchange …