FMDQ turnover hits N551.23 trillion in nine months as FX, OMO lead
Trading turnover on the FMDQ Exchange reached N551.23 trillion in the first nine months of 2026, equivalent to $403.08 billion, with foreign exchange and Open Market Operations (OMO) bills accounting for nearly two-thirds of market activity. The post FMDQ turnover hits N551.23 trillion in nine months as FX, OMO lead appeared first on Nairametrics .
The FMDQ Exchange reported a trading turnover of N551.23 trillion in the first nine months of 2026, which is equivalent to $403.08 billion. Foreign exchange and Open Market Operations (OMO) bills were responsible for nearly two-thirds of the market activity, accounting for 64.26% of the total turnover. The average daily turnover was N3.03 trillion, or approximately $2.22 billion, across 182 business days.
Foreign exchange transactions accounted for the largest share of FMDQ turnover, with N190.80 trillion (34.61%) of the total, followed by OMO bills at N163.42 trillion (29.65%). The top ten dealing member banks, including Stanbic IBTC Bank, First Bank of Nigeria, and Coronation Merchant Bank, accounted for 75.44% of the total market turnover.
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