Interbank FX turnover jumps 123% as naira strengthens to N1,329.50/$

NAIRAMETRICS | 01-10-2026 08:09am |

On September 30, 2026, the amount of money traded in foreign exchange between banks in Nigeria increased significantly, rising by 123% to reach $179.58 million. This surge occurred as the value of the naira, Nigeria's currency, improved to 1,329.50 naira for every dollar. This means that more transactions were happening in the foreign exchange market as the naira gained strength against the dollar.

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