FX Market

The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society’s Distinguished Organisation Award, with the professional body recognising reforms undertaken by the apex bank across Nigeria’s monetary, foreign exchange and financial sectors.

According to the latest market report from FMDQ Securities Exchange, total FX turnover stood at $2,414.85 million in the week ended September 4, down by $656.67 million from the $3,071.52 million recorded in the preceding week ended August 28.

Data from the Central Bank of Nigeria showed turnover fell from about $5.28 billion in the preceding trading week.

Nigeria’s net foreign exchange flow fell 29 percent month-on-month to $4.94 billion in March 2026 as total FX outflows more than doubled. CBN data showed outflows jumped from $2.50 billion in February to $5.54 billion in March, while...

Weekly FX turnover jumped 117% to $3.73bn by August 7. Spot transactions accounted for 99.33% of all activity. Daily average turnover more than doubled to $745.89m. Forward and derivative trading remained a tiny part of the market. August 11,...

November 04, (THEWILL) — Foreign portfolio investors (FPIs) have injected over ₦1 trillion into Nigerian equities so far in 2025, marking a sharp rebound in offshore participation and signalling renewed confidence in Africa’s largest economy. According to data from the...

September 29, (THEWILL) — Ten Nigeria’s quoted companies, all in the consumer goods sector, recorded an aggregate of  N50.3billion in the first-half of the year (H1 2025) against the massive loss they experienced in the corresponding period of 2024. The...

August 25, (THEWILL) — One of the cornerstones of integrity in any financial market, especially the foreign exchange (FX) market, is transparency and consistency in terminology. A market can only function fairly when its language is precise. In Nigeria,...

April 05, (THEWILL) – The Central Bank of Nigeria (CBN) has injected $197.71 million to boost market liquidity and stability in the foreign exchange market. A statement signed by Omolara Omotunde Duke, Director, Financial Markets Department, said the measure...