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Economy · Nigeria

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

Outlet: Punch · Punch Newspapers · Published 21/10/2026 23:38 UTC

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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 Read More: https://punchng.com/fx-turnover-sheds-749m-as-forward-deals-crash-81/

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Source
https://punchng.com/fx-turnover-sheds-749m-as-forward-deals-crash-81/
Published
21/10/2026 23:38 UTC
Captured
21/10/2026 23:38 UTC
Text fingerprint
aa19c13b9c69bd80 · 370 words
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