Nigeria’s dollar trading slumps 22% to $2.62 billion as Forward deals plunge

NAIRAMETRICS | 19-10-2026 11:17am |

The value of dollars traded in Nigeria's foreign exchange market fell 22.23 percent to $2.62 billion in the week ended October 16, 2026, down from $3.37 billion the previous week. The decline followed slower spot trading and a sharp drop in forward transactions. The figures reflect reduced activity in the market during the period.

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