NFEM Turnover Hits $3.80bn in One Week, 1,514 Deals Executed
Nume Ekeghe
Foreign exchange turnover at the Nigerian Foreign Exchange Market (NFEM) stood at $3.80 billion in the week ended August 7, 2026, as market activity increased towards the end of the week, with 1,514 deals executed across the five trading sessions.
Analysis of NFEM data showed that total turnover between Monday, August 3 and Friday, August 7 stood at $3.80 billion, with Friday recording the highest daily turnover of $1.25 billion.
The Friday turnover accounted for about 32.8 per cent of total transactions recorded during the week, reflecting the stronger activity in the market towards the end of the trading period.
