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NFEM turnover falls 17.7% to $2.25 billion as CBN cuts MPR to 23% in second weekly decline

Turnover on the Nigerian Foreign Exchange Market (NFEM) fell 17.7% week-on-week to $2.25 billion in the week ended September 25, 2026, extending the market’s decline for a second consecutive week.

  • NFEM turnover fell 17.7% to $2.25 billion in week ending September 25, 2026
  • CBN reduced MPR by 350 basis points from 26.5% to 23%
  • Nigeria's external reserves reached $55 billion, highest in 18 years

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