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PoliticsLeadership·16 May 2026

Daily FX Market Turnover Rises From $100m To $600m – Cardoso

Reported by Leadership on 16 May 2026. Read the summary below, then continue to the full story.

MI
Mark Itsibor
Leadership
Summary

Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Friday said Nigeria’s average daily foreign exchange market turnover has risen from about $100 million at the beginning of the current administration to between $400 million and $600 million, amid ongoing reforms aimed at improving transparency, liquidity, and investor confidence. Cardoso disclosed this in Abuja []

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Originally reported by Leadership
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