Nigeria’s currency remained stable at N461 to the dollar on Monday as some black market operators resume business after some State governments reviewed the curfew time declared to curtail the #EndSARS crisis.

Naira was also stable as the dollar traded at N460 at the Bureau De Change (BDC) segment of the foreign exchange market.

The BDC operators have funded their accounts on Monday, expecting to receive dollar allocation from the Central Bank of Nigeria (CBN) on Tuesday.

The Apex bank sells $10,000 to BDCs twice a week and has sold over $500 million to over 5,000 operators across the country.

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The local currency has relatively remained stable at the Investors and Exporters (I&E) forex window due sustained intervention by the CBN.

At the I&E FX market, Naira remained stable at N386.00 per dollar on Monday. Analysts at FSDH research said most participants maintained bids between N380.00 and N393.11 per dollar.

Nigeria’s FX reserves increased by $1.77 million week-on-week to $35.67 billion, as inflows offset outflows for CBN’s interventions across the various FX windows.

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.

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