business
Nigeria’s FX demand jumps 91% to $50.93 billion, strongest in six years
Summary by The Lagos Editorial Desk Olalekan Adigun , as published by Nairametrics
· September 9, 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 Olalekan Adigun, as published by Nairametrics Original story Read at the source Source published Sep 9, 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 This is the strongest annual level in six years, with the last peak occurring in 2019. Foreign exchange utilisation reached a high of $50.
Foreign exchange utilisation reached a high of $50.93 billion in 2025. This is the strongest annual level in six years, with the last peak occurring in 2019. Demand for foreign currency from importers and businesses drove this increase, more than doubling from the previous year. The total demand jumped 91 percent.
Further details on this surge in foreign exchange utilisation are available. The increase reflects a significant rise in demand for foreign currency.
The source provides more information on this development, including the factors that contributed to the sharp rise in foreign exchange utilisation in 2025.
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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.
About this story
As published by Nairametrics . The Lagos selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Nairametrics . Have a tip or correction? Contact the editor .
Category: business Published: September 9, 2026 Source: Nairametrics Reading time: 1 min
Frequently asked about this story
What is this story about? Foreign exchange utilisation reached a high of $50.93 billion in 2025. This is the strongest annual level in six years, with the last peak occurring in 2019. Demand for foreign currency from…
When was this published? This article was first published on September 9, 2026 by Nairametrics and curated for The Lagos readers.
Who reported this story? This story was reported by Olalekan Adigun 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 business coverage from The Lagos, or browse our daily briefing and topic hubs .
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