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Nigeria’s dollar trading slumps 22% to $2.62 billion as Forward deals plunge

The value of dollars traded in Nigeria’s foreign exchange market fell 22.23% to $2.62 billion in the week ended October 16, 2026, from $3.37 billion the previous week, as spot trading slowed and…

  • Nigeria's dollar trading volume slumps 22.23% to $2.62 billion
  • Forward deals plummet 81.14% to $24.89 million, 0.95% of turnover
  • Spot transactions account for 104 times the turnover in forward contracts

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