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FMDQ’s weekly FX turnover falls 35.4% to $1.7 billion as spot transactions drop $956 million
Summary by The Lagos Editorial Desk · Byline on the source page: Kelechi Mgboji , as published by Nairametrics
· October 5, 2026
· 1 min read
Photo: Nairametrics · view original
Story provenance No corrections
Summary created by The Lagos Editorial Desk — automated, rule-governed Byline on source page Kelechi Mgboji, as published by Nairametrics Original story Read at the source Source published Oct 5, 2026 Indexed here Oct 5, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points 41% decrease from the previous week's $2. Further information on this decline is available from the source, which reported on the change in foreign exchange market activity as of October 2, 2026.
A significant decline in trading activity occurred, with total turnover falling to $1,696.97 million. This represents a 35.41% decrease from the previous week's $2.63 billion.
The drop in spot transactions was substantial, with a decrease of $956 million.
Further information on this decline is available from the source, which reported on the change in foreign exchange market activity as of October 2, 2026.
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Nairametrics reported and published this story. The Lagos selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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Category: News ·
Published: October 5, 2026 ·
Source: Nairametrics ·
Reading time: 1 min
Frequently asked about this story
What is this story about? A significant decline in trading activity occurred, with total turnover falling to $1,696.97 million. This represents a 35.41% decrease from the previous week's $2.63 billion. The drop in spot…
When was this published? This article was first published on October 5, 2026 by Nairametrics and curated for The Lagos readers.
Who reported this story? This story was reported by Kelechi Mgboji at Nairametrics. To learn more about how The Lagos selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more News coverage from The Lagos, or browse our daily briefing and topic hubs .
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