Revealed! Market analysts predict new naira trend in all markets

• Market analysts predict that the naira will continue to fare well across all FX categories including the official and parallel market
• They made this statement at the end of February, following an 8.5% increase in the local currency on the parallel market.
• The parallel market saw the currency reach a seven-month high of N1,500/$1 but the official exchange rate remained much lower

Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

Market analysts have said they expect the naira to maintain its positive performance across FX segments after it gained 8.5 per cent in the parallel market at the end of February.

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