Back to News
business

Nigeria’s FX market hits record $4.4 billion, mystery deals fuel speculation

Nigeria's foreign exchange market crossed the $4 billion mark in weekly turnover for the first time in 2026, with total transactions in the FX Spot and Derivatives markets surging

Kelechi MgbojiJuly 27, 20261 min read
Your Business Needs More Than a Website.

Promoted

Your Business Needs More Than a Website.

Custom software, automation, web apps, mobile apps and business systems built around how you work.

Build digital systems around the way your business operates.

Explore Software Services

Nigeria's foreign exchange market crossed the $4 billion mark in weekly turnover for the first time in 2026, with total transactions in the FX Spot and Derivatives markets surging 83.38% to $4.375 billion in the week ended July 24, 2026, up from $2.386 billion in the previous week.

The post Nigeria’s FX market hits record $4.4 billion, mystery deals fuel speculation appeared first on Nairametrics.

Source

NairametricsRead original

Discussion

Join the conversation about this story.

Sign in or create an account to join the discussion.

No comments yet. Be the first to respond.

Related Articles

OPay debunks viral September closure claim, urges users to verify information
business

OPay debunks viral September closure claim, urges users to verify information

OPay has denied reports circulating on social media claiming it plans to suspend operations in September, describing the publication as false and misleading. The post OPay debunks

Aug 31, 20261 min read
Read

Nairametrics

Securing Nigeria’s Economic Re-birth: The Imperative of Bola Tinubu’s Re-Election.
business

Securing Nigeria’s Economic Re-birth: The Imperative of Bola Tinubu’s Re-Election.

Every nation faces pivotal historical moments that demand uncompromising courage and visionary statesmanship over short term political convenience. For Nigeria, that defining momen

Aug 31, 20261 min read
Read

Nairametrics

Understanding Low/No Calorie Sweeteners in Nigeria’s Evolving Food Policy Landscape
business

Understanding Low/No Calorie Sweeteners in Nigeria’s Evolving Food Policy Landscape

As Nigeria advances important conversations on nutrition, public health, and food policy, consumers, regulators, and industry stakeholders are increasingly focused on the role diff

Aug 31, 20261 min read
Read

Nairametrics

Oil jumps to $90 per barrel as Iran-US resume strikes over Strait of Hormuz
business

Oil jumps to $90 per barrel as Iran-US resume strikes over Strait of Hormuz

Crude oil prices have risen above $90 per barrel after the United States and Iran resumed military strikes over the Strait of Hormuz, reviving concerns about disruptions to global

Aug 31, 20261 min read
Read

Nairametrics

Access Holdings Board Approves Audited H1 2026 Financial Statements
business

Access Holdings Board Approves Audited H1 2026 Financial Statements

The Board of Directors of Access Holdings Plc (“Access Holdings” or “the Company”) has approved the Group’s Audited Interim Consolidated and Separate Financial Statements for the h

Aug 31, 20261 min read
Read

Nairametrics

GMH Luxury to Spotlight Transgenerational Real Estate at Edo Conference
business

GMH Luxury to Spotlight Transgenerational Real Estate at Edo Conference

GodMade Homes Limited (GMH Luxury) is bringing a new dimension to Nigeria’s real estate conversation with its upcoming Real Estate Conference 2026 – Edo State Edition, scheduled fo

Aug 31, 20261 min read
Read

Nairametrics