Nigeria’s Forex Market Liquidity Plunges 46% This Week
Liquidity in Nigeria’s foreign exchange market slumped by 46 percent this week, data from securities exchange FMDQ shows. The total
Liquidity in Nigeria’s foreign exchange market slumped by 46 percent this week, data from securities exchange FMDQ shows.
The total turnover in the forex spot and derivatives markets fell to $1.56 billion from $2.88 billion in the previous week.
“The week-on-week decrease in total turnover was driven by the 45.96% ($1.32 billion) decrease in FX spot transactions, which recorded a total value of $1.56 billion compared to $2.88 billion in the week-ended February 6, 2026, and the 64.50% ($3.87 million) decrease in FX derivatives transactions in the week-ended February 13, 2026,” FMDQ said.
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