{"id":10041,"date":"2026-09-07T08:49:46","date_gmt":"2026-09-07T08:49:46","guid":{"rendered":"https:\/\/ograsset.com\/?p=10041"},"modified":"2026-09-07T08:49:47","modified_gmt":"2026-09-07T08:49:47","slug":"fx-liquidity-shrinks-21-as-turnover-slips-to-2-41bn","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/09\/07\/fx-liquidity-shrinks-21-as-turnover-slips-to-2-41bn\/","title":{"rendered":"FX liquidity shrinks 21% as turnover slips to $2.41bn"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"740\" height=\"503\" src=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-30.png\" alt=\"\" class=\"wp-image-10042\" srcset=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-30.png 740w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-30-300x204.png 300w\" sizes=\"auto, (max-width: 740px) 100vw, 740px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Activity in the official foreign exchange market experienced a notable slowdown during the first week of September 2026, as total turnover across both the spot and derivatives segments registered a sharp week-on-week decline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the latest market report released by FMDQ Securities Exchange, total foreign exchange turnover for the week ended 4 September 2026, dropped to $2,414.85m. This represents a decrease of 21.38 per cent, or $656.67m, when compared with the $3,071.52m recorded in the preceding week ended August 28, 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The weekly dip in market turnover comes amid broader foreign exchange market volatility and ongoing policy interventions by monetary authorities aimed at stabilising the naira and improving FX supply backlogs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts attribute weekly fluctuations in interbank and client FX liquidity to shifting macroeconomic fundamentals, variable corporate demand for import financing, and periodic adjustments in foreign portfolio investment inflows into the Nigerian financial system.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The contraction in market liquidity was jointly driven by reduced trading volumes in both the FX spot and FX derivatives markets. FX spot transactions, which formed the overwhelming majority of market activity at 97.07 per cent of total turnover, fell 20.55 per cent to $2,344.20m from $2,950.56m recorded the prior week. Average daily turnover in the spot market consequently dipped to $468.84m, down from $737.64m in the week ended 28 August.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A steeper percentage decline was observed in the FX derivatives segment, which comprises FX forwards. Derivatives turnover plummeted 41.59 per cent, dropping by $50.31m from $120.96m in the previous week to settle at $70.65m.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This accounted for just 2.93 per cent of total market activity during the five-day trading period, with daily average derivatives turnover dropping to $14.13m from $30.24m previously.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Overall, average daily turnover across all market segments combined fell to $482.97m for the week, down from $767.88m in the preceding period, underscoring a broader contraction in interbank and client foreign exchange dealings.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-punch-newspapers wp-block-embed-punch-newspapers\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"S9ApeBz6XL\"><a href=\"https:\/\/punchng.com\/fx-liquidity-shrinks-21-as-turnover-slips-to-2-41bn\/\">FX liquidity shrinks 21% as turnover slips to $2.41bn<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cFX liquidity shrinks 21% as turnover slips to $2.41bn\u201d \u2014 Punch Newspapers\" src=\"https:\/\/punchng.com\/fx-liquidity-shrinks-21-as-turnover-slips-to-2-41bn\/embed\/#?secret=aqersoZfRq#?secret=S9ApeBz6XL\" data-secret=\"S9ApeBz6XL\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Activity in the official foreign exchange market experienced a notable slowdown during the first week of September 2026, as total turnover across both the spot and derivatives segments registered a sharp week-on-week decline. According to the latest market report released by FMDQ Securities Exchange, total foreign exchange turnover for the week ended 4 September 2026,&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/ograsset.com\/index.php\/2026\/09\/07\/fx-liquidity-shrinks-21-as-turnover-slips-to-2-41bn\/\" class=\"excerpt-read-more\">Read More \u2192<\/a><\/p>\n","protected":false},"author":2,"featured_media":10042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-10041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fit-row"],"jetpack_featured_media_url":"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-30.png","_links":{"self":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/10041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/comments?post=10041"}],"version-history":[{"count":2,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/10041\/revisions"}],"predecessor-version":[{"id":10044,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/10041\/revisions\/10044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media\/10042"}],"wp:attachment":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media?parent=10041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/categories?post=10041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/tags?post=10041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}