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The average daily turnover value of Foreign Exchange (FX) traded on the official window hit $689m between January and June (H1) 2025, according to data from FMDQ trading platform.
There was a total Foreign Exchange Turnover of $81.99 billion over 119 business days that made up H1, 2025.
The figures represented reporting by Dealing Member (Banks), according to the FMDQ.
The dollar naira value averaged $1/₦1,553.51 in H1, according to the data from the FMDQ website.
Meanwhile, total dollar inflows into the official window of the Nigerian foreign exchange (FX) market rose to $26.40 billion, in the First Half (H1) of 2025, more than 80% of the 2024 Full year (FY) figure.
This strong performance was primarily driven by sustained Foreign Portfolio Investment (FPI) inflows of $8.89bn – higher than the $8.53bn received throughout 2024, data from FMDQ shows.
“This reflects growing investor confidence, supported by foreign exchange market reforms, attractive fixed income rates, enhanced policy credibility by the Central Bank of Nigeria (CBN), and a generally stable macroeconomic environment,” Meristem Securities analysts said in a ‘Half Year Outlook’ report.
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