The foreign exchange market opened on Wednesday morning with an indicative rate of N388.13k at the Investors and Exporters (I&E) forex window.
This shows a marginal depreciation of N0.13k per dollar when compared with N388.00k opened with on Tuesday at the I&E window.
The market closed unchanged at N386.33k to one dollar on Tuesday, data from FMDQ revealed. The official rate at the Central Bank of Nigeria (CBN) window also was stable at N361.00k per dollar.
Nigeria’s currency maintained its stability for the fifth day on Wednesday as the dollar was trading at N455 on the black market.
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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.
