The naira is forecast to trade in a narrow range this week, and is expected to get support due to dollar inflows from the CBN. The local currency, which closed at 364/dollar on the black market on Friday, had closed at 368/dollar the previous Friday. At the official interbank market, the naira has stuck around 305.90/dollar since August 2016. On the CBN Investor and Exporters FX window, the local currency was quoted at 367 to the dollar, Reuters reported. However, economic and financial analysts said the continued intervention by the CBN was helping the regulator to keep the local currency from depreciating beyond the current state. They said if the central bank failed to sell the greenback, the naira could begin to slide further. Some stakeholders, who lauded the CBN for creating the Investors and Exporters FX window, however, said that the local unit might eventually find its equilibrium price close to 400/dollar. Punch Newspaper To Receive Free News Updates, Add To Your WhatsApp: 08033857245; For Adverts Enquiries, Call 08083609209, To Publish Your Articles Or News Stories, Email editor@skytrendnews.com. ]]>