NFEM Turnover Jumps to $5.28bn, Interbank Activity Up 179%

Trading activity at the Nigerian Foreign Exchange Market (NFEM) saw a substantial increase in the latest five working days, with total turnover rising by $3.1 billion to $5.28 billion from August 17 to 21, 2026, compared to $2.18 billion recorded from August 10 to 14. This represents a 142.3% increase, with average daily turnover climbing to $1.06 billion from $435.7 million.

Interbank turnover also experienced a significant rise, reaching $1.70 billion, up from $610.36 million, marking an increase of approximately $1.09 billion or 179.3%. The highest daily total turnover was recorded at $1.41 billion on August 17.

Interbank activity peaked on August 17 at $437.53 million. In comparison, the previous five working days saw total NFEM turnover at $2.18 billion, with interbank turnover at $610.36 million.

The data indicates a broad-based increase in foreign exchange market activity, with interbank transactions contributing 32.3% of total NFEM turnover in the latest period.