Nigeria’s weekly dollar trading falls 22% to $2.62 billion
Foreign-exchange turnover in Nigeria fell 22.23% in the week to October 16, with spot and forward transactions both lower, Nairametrics reported from FMDQ data.
- Publish date: 2026-10-19
- Category: Standards & Policy
- Original source: Nairametrics
- Reading time: 1 min read
Nigeria’s weekly dollar trading falls 22% to $2.62 billion
Foreign-exchange turnover in Nigeria fell 22.23% in the week to October 16, with spot and forward transactions both lower, Nairametrics reported from FMDQ data.
Forward turnover dropped 81.14% to $24.89 million and spot trading fell 19.83% to $2.60 billion. These are weekly transaction flows, not outstanding contracts or a direct measure of dollar availability.