Nigeria’s foreign exchange supply rose by 20.5% to $8.94 billion in 2025, up from $7.43 billion in 2024, according to the Central Bank of Nigeria’s Statistical Bulletin.

Trading activity in the Nigerian foreign exchange market experienced a significant surge during the business week ending September 11, 2026, driven by strong growth in both spot transactions and foreign exchange derivatives.

Nigeria’s net foreign exchange (FX) flow fell to US$4.94 billion in March 2026, representing a 29% monthly decline from February’s US$6.98 billion, according to the Central Bank of Nigeria’s Q1 2026 Statistical Bulletin.

Foreign exchange market recorded its strongest weekly turnover in three months, with total transactions rising 7.67% to $3.053 billion in the week ended July 3, 2026, according to the FMDQ weekly FX market review.

FX Turnover Surge Lifts Naira Against Dollar   The naira rose against the US dollar at the Nigerian Foreign Exchange Market amidst a significant surge in interbank turnover, according to daily FX data published by the Central Bank of Nigeria. Dollar liquidity improved above international payment levels...

Nigeria’s financial markets opened 2026 with strong momentum as FMDQ Group recorded a total turnover of ₦60.77tn in January, driven largely by foreign exchange activity.