Nigeria’s forex turnover nearly doubles to $3.37bn as dollar trading rebounds

Nigeria’s foreign exchange (forex) market recorded a sharp rebound in trading activity as dollar transactions nearly doubled to $3.37 billion in the week ended October 9, 2026, from $1.70 billion in the preceding week.Data from FMDQ showed that total foreign exchange turnover increased by 98.58 per cent, representing an additional $1.67 billion in transactions and reversing a 35.41 per cent decline recorded in the previous reporting week.