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

5 hours ago

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.

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