The foreign exchange market opened today with dollar a little changed against the naira, trading at an average rate of N376.67kobo at the Lagos black markets and Bureau De change segment. It traded Wednesday at N376.
At the BDC segment, dollar is currently trading at N375. The same amount is also being charged for one dollar in Festac area of Lagos.
However, at Eko hotel and Apapa, dollar is trading at N378 and N377 respectively. “We are still watching the direction of the exchange rate,” one the traders said on Thursday.
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Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
