National Wire About Nigerians, Nigerian Business and Other Stories
The Financial Market Dealers Quotation (FMDQ) board listing market and technology committee has approved the registration of Lafarge Africa Plc ₦60 billion Commercial Paper (CP) Programme on the platform of the OTC Exchange.
According to a statement which was made available to Financial Edge, with this CP Programme registration, Lafarge will be able to easily raise short-term finance, within the Programme limit, to support its business operations as at when required in the future.
This is well in line with FMDQ’s aspiration to support institutional growth and stimulate continuous development of the Nigerian economy at large. FMDQ said it continues to exert commendable efforts in aligning the Nigerian financial markets to international standards, and has, through the promotion of product innovation and the championing of key market development initiatives, ensured that opportunities abound for the markets under its purview.
This CP Programme registration comes shortly after the OTC Exchange hosted the 2017 Nigerian Debt Capital Markets Conference, which availed local and international market participants a well-rounded platform to discuss and strategise on actionable steps to effectively position the Nigerian debt capital market for growth within the global financial markets space. FMDQ uses its platform, amongst others, to efficiently enhance the registration, listing, quotation and trading of debt securities in the Nigerian financial market space.
