Naira on Thursday weakened against the dollar by 0.53 percent following solid demand for the greenback at the parallel market.
During the morning trading session, one dollar traded at N945, higher than N940 traded on Wednesday at the black market.
Read also Naira falls across FX markets on rising demand for dollars
“Individuals and importers are buying up dollars for business travel, school fees, medical and tourism”, a trader at Lagos International Airport said.
At the Investors’ and Exporters’ (I&E) forex window, Nigeria’s official FX market, the naira fell by 2.16 per cent as the dollar was quoted at N758.12 on Wednesday compared to N742.10/$1 quoted on Tuesday, data from the FMDQ indicated.
…. To be updated later
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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.
