{
  "id": 3373755,
  "title": "NFEM Turnover Rises by $3.1bn to $5.28bn, Interbank Activity Up 179%",
  "url": "https://urgent.news/2026/08/25/nfem-turnover-rises-by-3-1bn-to-5-28bn-interbank-activity-up-179",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T23:20:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/08/26/nfem-turnover-rises-by-3-1bn-to-5-28bn-interbank-activity-up-179/"
  },
  "original_language": "en",
  "account": "In a recent surge, trading activity at Nigeria's Nigerian Foreign Exchange Market (NFEM) experienced a significant rise over the past five working days. Total turnover jumped by $3.1 billion, reaching $5.28 billion, compared to $2.18 billion during the preceding five-day period. This represents a staggering 142.3% increase, with an average daily turnover of $1.06 billion, up from $435.7 million. Interbank transactions also saw a remarkable surge, rising by 179%, to $1.70 billion, from $610.36 million. This marks a 179.3% increase, with the average daily interbank turnover reaching $340.9 million, up from $122.1 million. The market witnessed its highest daily total of $1.41 billion on August 17, followed by significant turnover on August 19, 18, 20, and 21. Notably, interbank activity peaked on August 17 at $437.53 million, a trend that continued with increasing daily totals on subsequent days. The data indicates a broad-based increase in market activity, with interbank transactions contributing more significantly to overall NFEM turnover, accounting for approximately 32.3% of the total in the latest period, compared to 28% in the previous one.",
  "summary": "Nume Ekeghe Trading activity at the Nigerian Foreign Exchange Market (NFEM) rose sharply in the latest five working days, with total turnover increasing by $3.1 billion compared with the preceding",
  "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."
}