The foreign exchange market opened on Tuesday with the dollar trading at N450 the same as of Monday on the black market.
The market shows quiet activity as demand was low, one of the traders said.
At the retail Bureau, Naira weakened by N2.00k as the dollar was trading at N452 on Tuesday compared with N450 traded since last week.
The FX market opened on Tuesday at the Investors and Exporters (I&E) forex window with an indicative rate of N387.39k, representing marginal appreciation of N0.07k when compared with N387.46k opened with on Monday, data from FMDQ showed.
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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.