FMDQ Exchange has released its monthly markets report for June, which shows secondary market turnover was N45.07trillion, representing a month-on-month (MoM) decrease of 34.07 percent (N23.29trillion) from May 2026 figures.

The secondary market turnover in June represents a year-on-year (YoY) decrease of 6.59 percent (N3.18trillion) from the turnover recorded in June 2025.

According to the report, total turnover for the Spot and Derivatives Market was N42.96trillion and N2.10trillion, respectively, in June 2026.

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Spot FX Market Turnover was $12.87billion (N17.58trillion) in June 2026, representing a MoM decrease of 21.64 percent ($3.55billion) from the turnover recorded in May 2026.

Further, the Naira appreciated against the US Dollar in the FX market, with the spot exchange rate ($/N) decreasing by 0.15 percent ($/N2.01) to close at an average of $/N1,368.14 in June 2026 from $/N1,370.16 recorded in May 2026, trading within a range of $/N1,356 – $/N1,389

Meanwhile, in the Derivatives Market, total turnover in the FX Market segment was $1.54 billion (N2.10 trillion), representing a MoM decrease of 20.86 percent ($0.41 billion) from May 2026 figures.

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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