Nigeria’s currency maintained stability for the fourth day on Tuesday as the dollar was trading at N455 on the black market.
The retail Bureau segment closed on Monday with Naira unchanged at N456.00 per dollar, the same since on Friday. The official rate at the Central Bank of Nigeria (CBN) window also was stable at N361.00k per dollar.
However, the foreign exchange market opened on Tuesday morning with an indicative rate of N388.00 per dollar. This represents 0.23 percent drop when compared with N387.10k opened with on Monday at the Investors and Exporters (I&E) forex window, data from FMDQ showed.
The market closed on Monday with Naira losing N0.33k as the dollar was quoted at N386.33k as against N386 closed on Friday last week.
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.
