FMDQ Exchange has released its markets monthly report for July 2025, saying that its secondary turnover was N46.66trillion.
This record secondary market turnover in July represents a month-on-month (MoM) decrease of 3.29 percent ( N1.59trillion) and a year-on-year (YoY) increase of 52.33 percent (N16.03trillion) from the turnover recorded in June 2025 and July 2024, respectively.
The report shows that total turnover for the Spot and Derivatives Market was N44.62trillion and N2.04trillion, respectively, in July 2025. Spot FX Market Turnover was $12.76billion (N19.53trillion) in July 2025, representing month-on-month (MoM) decrease of 4.15 percent ($0.55billion) from the turnover recorded in June 2025 ($13.31billion).