Market Turnover


FMDQ Exchange, in its capacity as market organiser of the Nigerian financial markets, receives trade data from its Dealing Members on a weekly basis, and in line with fulfilling its mandate to provide transparency to the market, publishes monthly turnover figures across all the products traded on the FMDQ platform.

The FMDQ Market Turnover Report shows the turnover on all products traded on the FMDQ secondary market – Foreign Exchange, Treasury Bills, Money Market (Repurchase Agreements, Buy-Backs and Unsecured Placements/Takings) and Bonds (FGN Bonds and Other Bonds), Foreign Exchange and Money Market Derivatives. These figures exclude primary market auctions in Treasury Bills, Bonds and Foreign Exchange.

The data, collated from the weekly trade data submissions by FMDQ Dealing Members, represents trades executed between Dealing Members, Dealing Members & Clients, and Dealing Members & the Central Bank of Nigeria.

Kindly contact the Memberships & Subscriptions Group at for access to historical information.


Product Category (₦'mm) ($'mm)
Foreign Exchange 2,186,967 4,723
Foreign Exchange Derivatives 1,958,522 4,229
Treasury Bills 1,172,522 2,532
OMO Bills 1,550,481 3,348
CBN Special Bills 942,737 2,036
FGN Bonds 1,377,955 2,976
Promissory Notes - -
Other Bonds* - -
Eurobond 5,956 13
Repurchase Agreements/Buy-Backs 3,331,523 7,194
Unsecured Placements/Takings 29,050 63
Money Market Derivatives - -
Commercial Papers - -
Sukuk Bonds 13,772 30
Total 12,569,485 27,143
- - -
- - -
No. of Business Days 16 16
Average Daily Turnover 785,593 1,696




Average YTD $/₦ @461.92
mm – million
*Other Bonds include Agency, Sub-national, Corporate & Supranational Bonds
Note: Figures may be subject to change due to potential adjustments from Dealing Member (Banks)
Source: FMDQ Data Portal as @ May 12, 2023; Figures reported by Dealing Member (Banks) on a week-ending basis

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