Nigeria’s FX market hits 2026 high of $5.06 billion, Spot trades cross $5 billion mark

NAIRAMETRICS | 25-08-2026 03:14pm |

Nigeria's foreign exchange market recorded its highest weekly turnover in 2026, with total transactions in the FX Spot and Derivatives markets surging by 146.12% to $5.06 billion in the week ended August 21, 2026, up from $2.05 billion the previous week. This marks the first time spot trades have crossed the $5 billion mark, indicating increased market activity and liquidity.

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