{
  "id": 16361402,
  "title": "FMDQ turnover hits N551.23 trillion in nine months as FX, OMO lead",
  "url": "https://urgent.news/2026/10/24/fmdq-turnover-hits-n551-23-trillion-in-nine-months-as-fx-omo-lead",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T19:19:09.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/24/fmdq-turnover-hits-n551-23-trillion-in-nine-months-as-fx-omo-lead/"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "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."
}