The Naira on Monday strengthened against the dollar by N15 at the black market after the partial easing of lockdown by the Federal Government.
Dollar was trading at N435 on Monday as against N450 traded on Thursday before the public holiday declared by the Federal Government on Friday.
The foreign exchange market opened on Monday with an indicative rate of N385.33k at the Investors and Exporters (I&E) forex window.
This indicates that Naira is losing 0.09 percent or N0.33k compared with N385 opened on Thursday last week.
Hope Moses-Ashike
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.
