FX turnover sheds $749m as forward deals crash 81%

The value of dollar transactions in Nigeria’s foreign exchange market fell by 22.23 per cent to $2.62bn in the week ended 16 October 2026, from $3.37bn recorded the previous week. The decline followed a slowdown in direct dollar trading and a sharp drop in forward transactions, according to data from FMDQ, which tracks FX deals

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