Naira gains heavily, touches N1,000/$ mark set by analyst

  • The naira traded at N1,000 to the dollar in the unofficial market by Monday afternoon
  • This is as analysts anticipated another wave of supply of the dollar into the market
  • The new development is in line with US Bank Goldman Sachs’ prediction that the naira will trade at N1,000/$

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

The value of the naira strengthened around midday on Monday after opening at N1,130 to the dollar in the morning.