Tag Archives: FMDQ

Hearty congratulations are undeniably to be in order for the Central Bank of Nigeria (CBN), FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange) and the Financial Markets Dealers’ Association (FMDA), the association of FMDQ Dealing Member (Banks), as a most commendable feat has been achieved in the fixed income market – Straight-through-Processing (STP) for the settlement of fixed income …

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Corporate institutions have continued to successfully tap the Nigerian debt capital markets (DCM) to access stable long-term finance to fund key activities that ultimately translate to the development of the economy at large. Coming shortly on the heels of the recent listing of the Viathan Funding PLC Power Bond, FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange) admitted on …

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Trading on the floor of the Financial Markets Dealers Quotations, FMDQ, securities exchange, in November saw turnover recording an increase of 21.92 percent to close the month at ₦14.85 trillion. Activities rise in the securities exchange for the month under consideration amounts to ₦2.67 trillion increase from the value recorded in October 2017. A further x-ray of trading in the month …

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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 …

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Union Bank Plc has said that its capital raising of N50 billion through Right Issue is geared towards expanding the bank’s operation through technology, optimizing its area of strength in Agriculture as well as creating further millage on its outstanding products for the younger segment of the society. Addressing the Capital Market stakeholders on the Lagos floor of the Nigerian …

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As part of its avowed commitment to the transformation of the Nigerian debt capital market (DCM) into a world class, properly functioning and globally competitive DCM; FMDQ OTC Securities Exchange (FMDQ), in collaboration with DCM stakeholders on Friday, September 29, 2017, launched a Sustainable Finance Sub-Committee (SFS) in its Debt Capital Market Development (DCMD) Project. This SubCommittee which is the …

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FMDQ OTC Securities Exchange has welcomed the commercial paper (CP) programme registration of Wema Bank PLC – the Wema Bank ₦50.00 billion CP Programme, to its platform. This CP Programme registration strategically positions Wema Bank PLC to easily and quickly raise short-term finance from the debt market at a time in the future it determines suitable, through CP issues, within …

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In compliance with the provisions of Part XIV of the Investments and Securities Act 2007, FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange) has formally established its Investor Protection Fund (FMDQ-IPF or the Fund), following the inaugural meeting of the Board of Trustees (BoT) of the Fund which was held on July 5, 2017. The launch of the Fund …

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Globally, infrastructure contributes to economic development by increasing productivity and providing amenities, which enhance quality of life and business activities. The debt capital markets (DCM) provide a key avenue through which infrastructural growth can be sustained to promote economic development, and Nigeria is beginning to take a cue from model markets like the United States, United Kingdom and Malaysia, which …

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The Central Bank of Nigeria (CBN) has directed authorised dealers to encourage corporate clients to join the FMDQ system for forex trading. The bank gave the directive in a circular issued by CBN Director, Financial Markets Department, Dr Alvan Ikoku. It said that the directive took immediate effect. The CBN advised the dealers to allow the corporate clients to on-board …

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