Market Turnover Drops 10.75% To N33.59trn Amidst Forex Volatility

The total spot market turnover for all products traded in Nigeria’s secondary market in September 2024 amounted to N33.59trn, reflecting a 10.75 per cent month-on-month (MoM) decline from the August figure of N37.64trn.

This represents a significant decrease of N4.05trn, driven primarily by lower activity across the foreign exchange (FX), money market (MM), and fixed income (FI) segments.