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Nigeria’s foreign exchange market posted $46.37 billion in combined turnover between March and June 2026 under the NFEM frameworkThe naira depreciated only marginally at the official window, closing at N1,379.68 per dollar by the end of June 2026Quest Merchant Bank analysts expect the naira to remain broadly stable, backed by external reserves and CBN intervention
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigeria’s foreign exchange market has recorded $46.37 billion in total turnover across just four months, according to data published by the Central Bank of Nigeria (CBN).
The new figure showed deepening activity in the Nigeria Foreign Exchange Market (NFEM) between March and June 2026.
The CBN says forex traders exchanged $46.4 billion in four months, with the naira holding steady despite liquidity pressures. Photo: CBNSource: Getty Images
Of the combined figure, the NFEM window contributed
