Naira/dollar exchange rate on Wednesday traded stable across segments of the foreign exchange market as demand slows.
After trading on Wednesday, the dollar stood at N450 on the black market. At the Investors and Exporters (I&E) forex window, the exchange rate remained stable at N386.00k according to data from FMDQ.
Also at the official window of the Central Bank of Nigeria (CBN) exchange rates remained at N361.00k
However, naira weakened by N2.00k as the dollar traded at N454 on Wednesday as against N452 traded on Tuesday.
The foreign exchange daily turnover rose by 4.89 percent to $16.06 million on Wednesday compared to $15.31 million recorded on Tuesday at the I&E window.
Get Newsletter Updates
Enjoying our column?
Subscribe to our specialised **Tax 360** feed to receive fresh reports and analyses directly in your inbox.
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.
