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Nigeria’s FX Market Records $2.32 Billion Turnover as Demand for Dollar Hedging Rises

Nigeria’s foreign exchange (FX) market recorded stronger trading activity in the week ended June 19, 2026, with total turnover rising 7.7% to $2.323 billion, according to data from FMDQ Securities Exchange. The growth was driven mainly by increased activity in the FX Spot market, which accounted for 98.4% of all transactions. Spot turnover climbed to […]