{
  "id": 11129894,
  "title": "Interbank FX turnover jumps 123% as naira strengthens to N1,329.50/$",
  "url": "https://urgent.news/2026/10/01/interbank-fx-turnover-jumps-123-as-naira-strengthens-to-n1-329-50",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T06:42:15.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/01/interbank-fx-turnover-jumps-123-as-naira-strengthens-to-n1329-50/"
  },
  "original_language": "en",
  "account": "On September 30, 2026, interbank foreign exchange turnover surged 123% to $179.58 million, according to data from the Nigerian Foreign Exchange Market (NFEM). The Nigerian Currency strengthened to N1,329.50/$, a notable change from the previous trading day's N1,331/$. The Central Bank of Nigeria (CBN) reported that interbank turnover had risen from $80.58 million on September 29. The recent surge in foreign exchange activity was attributed to a strengthening naira and higher external reserves, which have crossed $55 billion. The Monetary Policy Committee (MPC) of the CBN had also decided to reduce the benchmark interest rate, further contributing to the favorable forex market conditions.",
  "summary": "Interbank foreign exchange turnover jumped 123% to $179.58 million on September 30, 2026, as the naira strengthened to N1,329.50/$ at the Nigerian Foreign Exchange Market (NFEM). The post Interbank FX turnover jumps 123% as naira strengthens to N1,329.50/$ appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}