FMDQ Exchange Hits N193.2 Trillion Turnover in Q1 2026

The FMDQ Exchange achieved a record total turnover of N193.2 trillion in the first quarter of 2026, as disclosed by Ms. Tumi Sekoni, the Group Chief Operating Officer of FMDQ Group PLC, in a release on Wednesday, April 15, 2026. The performance reflects robust activity in Nigeria's fixed income and currency market, with investors gravitating towards highly liquid instruments.

The average daily turnover was N3.27 trillion, with foreign exchange (FX) transactions leading the market, followed by open market operations (OMO) bills, which are indicative of short-term policy-sensitive instruments. The data suggests a trend where investors prioritize liquid and flexible instruments in response to monetary policy signals, indicating a cautious investment climate.

This performance builds on a strong full-year outlook for 2025 and highlights a consistent market pattern characterized by significant turnover levels concentrated in short-term policy-linked instruments, a trend expected to persist in the near term.