LAGOS — Nigeria’s foreign exchange market recorded its strongest weekly liquidity of the current quarter, with total turnover jumping 7.67 percent to hit $3.053 billion in the week ended July 3, 2026.
The significant surge in aggregate market activity reflects an influx of transactions across both the FX Spot and Derivatives windows, reversing previous periods of sluggish capital inflows.
Data tracks a robust increase from the $2.835 billion transaction volume recorded in the preceding week ended June 26, 2026, marking a critical milestone for official trading platforms.
The crossing of the three-billion-dollar threshold signals a major boost for investor confidence, following months of acute dollar scarcity and severe exchange rate volatility across local windows.
This liquidity expansion follows aggressive foreign exchange market reforms implemented by the Central Bank of Nigeria aimed at unifying trading segments and eliminating speculative parallel market premiums.
Recent policy adjustments, including high-yield monetary tightening and enhanced transparency in official interventions, have successfully stimulated autonomous capital inflows from foreign portfolio investors.
Market analysts project that the sustained momentum in the spot and derivatives segments will help stabilize the local currency, relieving ongoing import cost pressures on businesses nationwide.
