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Nigerian Foreign Exchange Market Records Increased Dollar Turnover in Q1'24

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Nigerian Foreign Exchange Market,Dollar Turnover,Q1'24

The volume of dollar traded in the official Nigerian Foreign Exchange Market increased by 95% to $12.68 billion in Q1'24. The market recorded a turnover of $2.14 billion in January, which increased to $5 billion in February and $5.54 billion in March. Turnover in the fourth week of March reached $1.98 billion, the highest weekly turnover in the month.

The volume of dollar traded in the official Nigerian Foreign Exchange Market increased by 95% to $12.68 billion in Q1'24. The market recorded a turnover of $2.14 billion in January, which increased to $5 billion in February and $5.

54 billion in March. Turnover in the fourth week of March reached $1.98 billion, the highest weekly turnover in the month.

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