Nigerian naira.
The foreign exchange daily turnover at the Investors and Exporters (I&E) forex window rose by 117.14 percent to $40.28 million on Monday compared with $18.55 million.
In the market, Naira lost N0.33k as the dollar was quoted at N386.33k on Monday as against N386 it closed on Friday last week, data from FMDQ indicated. Earlier in the morning, the market opened with an indicative rate of N387.10k per dollar the same rate as on Friday.
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The foreign exchange market opened the week with Naira indicating stability across various market segments. Nigeria’s currency maintained stability as traders are selling the dollar at N455, the same as it sold for on Friday at the black market.
At the retail Bureau, Naira closed unchanged at N456.00 per dollar the same as it sold for on Friday. The official rate at the Central Bank of Nigeria (CBN) window also was stable at N361.00k per dollar.
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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.
