FMDQ Exchange recorded ₦496.61tn in market turnover between January and August 2026, with foreign exchange and Open Market Operations (OMO) bills accounting for ₦318.36tn, or 64.1 per cent of the total.
According to the exchange’s latest market turnover report, spot foreign exchange transactions accounted for ₦171.43tn, while OMO bills recorded ₦146.93tn during the eight-month period.
The ₦496.61tn in turnover was generated across 162 business days, representing average daily turnover of about ₦3.07tn.
FX derivatives contributed ₦20.89tn, taking total FX-related turnover to ₦192.32tn.
Repurchase agreements and open repos accounted for ₦69.99tn, while Federal Government of Nigeria bonds recorded ₦42.08tn. Treasury Bills contributed ₦41.26tn.
Other instruments traded during the period included unsecured placements and takings at ₦2.71tn, Eurobonds at ₦965.19bn and Sukuk bonds at ₦357.26bn.
FMDQ said the figures cover transactions across its secondary markets, including foreign exchange, Treasury Bills, OMO bills, repurchase agreements, bonds and derivatives. Primary-market auctions for Treasury Bills, bonds and foreign exchange are excluded from the turnover figures.
The exchange said the data was compiled from weekly trade submissions by its dealing members and covers transactions between dealing members, dealing members and their clients, as well as transactions involving dealing members and the Central Bank of Nigeria.
FMDQ reported the data as of September 4 and noted that the figures may be adjusted where dealing members submit revisions.
The ₦496.61tn represents the value of transactions recorded in the secondary market and does not represent new capital raised during the period.