Research & development

Our Training Programs

The Financial Markets Dealers Association (FMDA) is dedicated to promoting professionalism and developing the Nigerian financial markets through effective and dynamic training programs. Since 1992, our training arm has been identifying training needs and gaps in various institutions and designing courses to meet these needs

Nigeria’s FX Market Update 2025

The Nigeria’s FX Market Update 2025 Summary Key Highlights

CBN FX sales rebounded by 126.37 percent to $8.94 billion in 2025 after declining sharply in 2024, reflecting stronger market intervention and improved liquidity conditions.
Total FX inflows into the Nigerian economy also increased to $112.27 billion in 2025, compared to $99.44 billion in 2024 and $65.76 billion in 2023.
The increase in inflows reflects the impact of ongoing economic reforms, which have improved investor confidence and supported stronger capital inflows, particularly into the financial and industrial sectors.

Please download the full report here.