FMDQ’s weekly FX turnover falls 35.4% to $1.7 billion as spot transactions drop $956 million

Nigeria's foreign exchange market experienced a significant decline in trading activity in the week ended October 2, 2026. Total turnover across the FX Spot and Derivatives markets fell by 35.41% to $1,696.97 million from $2.63 billion the previous week. The drop was driven by a $956 million decrease in spot transactions. The data was reported by FMDQ.

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