FMDQ Exchange Trading Hits N426.51 Trillion in 2026

Trading activity on the FMDQ Exchange in Nigeria reached N426.51 trillion between January and July 2026, as reported in the FMDQ Newsletter Edition 141 for July 2026. This figure marks a substantial increase from the N249.18 trillion recorded in the first four months of the year, with an additional N177.3 trillion recorded between May and July alone.

The seven-month turnover represents about 63 percent of the total N676.71 trillion recorded for the entire 2025 financial year. The increase in trading activity is attributed to heightened engagement across the foreign exchange (FX), fixed-income, and money markets, as banks and investors navigate liquidity management and seek returns amid elevated interest rates.

Foreign exchange transactions accounted for the largest share, generating N143.34 trillion, which is 33.6 percent of the total turnover. FX derivatives contributed N17.72 trillion, while Open Market Operations (OMO) bills recorded N126.35 trillion, representing 29.6 percent of the total.