Nigeria FX Market Turnover Falls to $196.7 Million, Seven-Week Low, Signalling Dollar Liquidity Stress

Nigeria's foreign exchange market turnover has fallen further to $196.7 million in a single session, the lowest figure recorded in seven weeks, deepening the dollar liquidity signal raised by the 17.7 percent weekly decline reported on 27 September. The continued softening is flagged as a material risk for Nigerian fintech operators and import-dependent startups managing currency exposure.