Tag Archives: FMDQ

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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As part of its drive to help deepen the debt capital market, FMDQ OTC Securities Exchange has availed its platform for the registration, listing and quotation, and trading of debt securities. Specifically, the OTC Exchange has welcomed another corporate commercial paper (CP) programme registration, the Rand Merchant Bank Nigeria Limited ₦80 billion Commercial Paper Programme (the Rand Merchant Bank CP …

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In recognition of the contributions made by FMDQ OTC Securities Exchange (“FMDQ” or the “OTC Securities Exchange”) to the development of the Nigerian financial markets, the OTC Securities Exchange won the ‘Most Innovative in Financial Markets’ Award at the first BusinessDay Top 25 Most Innovative Companies & Institutions in Nigeria Awards 2017. The Nigerian financial markets have undergone significant changes …

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Healthy financial markets, the world over, form one of the key underlying basis for successful economies. From the developed nations of the United States of America, United Kingdom, to the emerging markets in Turkey, India and the developing countries such as Nigeria, Egypt etc., fully functional and well regulated financial markets have fast tracked and endeared investors into these economies. …

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FMDQ OTC Securities Exchange on Tuesday signed a Memorandum of Understanding with Dow Jones Indices, a division of S&P Global, for the adoption of S&P Nigeria Sovereign Bond Index. The S&P Nigeria Sovereign Bond Index tracks the performance of local currency denominated sovereign debt, publicly issued by the Federal Government in its domestic market. The index is a sub-index of …

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FMDQ OTC Securities Exchange (‘FMDQ’ or the ‘OTC Exchange’), has since its launch onto the Nigerian financial markets landscape in 2013, championed initiatives geared towards providing an enabling environment for the growth and development of the Nigerian fixed income, currencies and derivatives markets and the economy at large. As a market organiser, the OTC Exchange has through its product and …

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