Nigeria foreign currency demand reaches $18.34 billion
By the AFREEQUE newsroom, based on Punch
Foreign currency demand in Nigeria reached $18.34 billion in the second quarter of 2026, including $9.64 billion for financial services. This use rose by 12.84% quarter on quarter and 52.42% year on year, according to a Financial Markets Dealers Association report based on central bank data.
Foreign currency demand in Nigeria reached $18.34 billion in the second quarter of 2026, its highest level in nearly 15 years, according to the Financial Markets Dealers Association (FMDA), based on data from the Central Bank of Nigeria.
Financial services transactions accounted for $9.64 billion, or 52.58% of the total. Foreign currency use rose by 12.84% from the first quarter, when it stood at $16.25 billion, and by 52.42% year on year from the $12.03 billion recorded in the second quarter of 2025, Punch reports.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
