Money

FMDQ Group boosts youth financial literacy at 2024 summer camp

DailyTimesNGR DailyTimesNGR 7 September 2024 0

BY MOTOLANI OSENI FMDQ Group PLC, through its flagship CSR initiative, FMDQ Next Generation Financial Markets Empowerment Programme (FMDQ-Next), successfully wrapped up the 5th edition of its Summer Camp Programme in Lagos, held from August 7 to 30, 2024. The explained that the program aimed to

Business

FMDQ charges Nigeria to benefit from $30trn sustainability fund

DailyTimesNGR DailyTimesNGR 18 December 2023 0

By Motolani Oseni The head, Research, FMDQ Group Plc, Dr Vincent Nwani, has said, there is a need to improve efforts to attract some of the $30 trillion sustainability fund available globally into the Nigerian capital market. Nwani stated this at the Capital Market Correspondents Association of Nigeria (CAMCAN) 2023 workshop with the theme: ‘Leveraging […]

Business

Forex market turnover declined by 32.97% to $7.62bn in one month- FMDQ

Ihesiulo Grace 10 July 2020 0

FMDQ Securities Exchange has disclosed that A total foreign exchange market turnover in May has declined by a 32.92 per cent or $3.74billion Month-on-Month (MoM) to $7.62billion or N2.94trillion, as against $11.36billion or N4.38 trillion turnovers recorded in April. FMDQ in a report disclosed that the decline showed a continuing downward trend in foreign exchange […]

Business

FMDQ Exchange admits N11.50bn Axxela Funding Bond on its platform

Ihesiulo Grace 10 July 2020 0

FMDQ Holdings (FMDQ Group) has admitted the Axxela Funding 1 Plc N11.50 billion Series 1 Bond under its N50billion Bond Programme platform. FMDQ Group in a statement made available to the newsmen  on Thursday in Lagos said that Axxela Funding was admitted through its subsidiary, FMDQ Securities Exchange Limited (FMDQ Exchange). According to the statement, Axxela […]

Business

FMDQ transactions turnover decline by 29.5% to N11.78trn in May

Ihesiulo Grace 9 July 2020 0

Money Market accounts for 61% of total turnover FMDQ Securities Exchange has declared a total transactions turnover of N11.78 trillion in fixed income and currency (FIC) markets for the month of May 2020. This is contained in a monthly FIC report obtained from FMDQ on Wednesday, indicated that the turnover represented a decrease of 29.46 per […]

Business

FMDQ Exchange admits Dangote Cement’s N100bn CP Notes

Ihesiulo Grace 10 June 2020 0

FMDQ Securities Exchange Limited (FMDQ Exchange or the Exchange) has announced the approval of the quotation of the Dangote Cement Plc N34.00 billion Series 15 and N66 billion Series 16 Commercial Paper (CP) notes under its N150.00 billion Domestic CP Issuance Programme on the Exchange’s platform. This comes on the back of note-worthy debt issuances […]

Capital Market

Viathan Funding adding value to infrastructure

Ihesiulo Grace 7 March 2018 0

Infrastructure development in the nation is taking progressive steps in the right direction, as another corporate, Viathan Funding PLC, taps the debt capital markets for funding targeted at this development. The listing of the Viathan Funding PLC Series 1 ₦10.00bn 16.00% 10-year Senior Guaranteed Fixed Rate Bond under its ₦50.00bn Bond Issuance Programme, on FMDQ […]

Business

Stanbic IBTC lists three funds on FMDQ OTC Securities Exchange

Ihesiulo Grace 12 February 2018 0

Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc, has listed on the FMDQ OTC Securities Exchange three of the mutual funds under its management. These are Stanbic IBTC Money Market Fund (SIMM), Stanbic IBTC Bond Fund (SIBOND) and Stanbic IBTC Dollar Fund (SIDF). The listing, which took place on Monday, February […]

Money

Naira relapses against dollar at official forex market

Ihesiulo Grace 2 February 2018 0

…Drops points over pound at parallel segment …As I&E FX window records $321.21m After trading at N305.70 against the US Dollar for three consecutive days during the week, the Nigerian currency, Naira, on Thursday, relapsed to close at a slightly depreciated rate of 360.75 at the official foreign exchange market, data obtained from the FMDQ […]

Business Capital Market

Lafarge Africa registers ₦60bn CP programme with FMDQ

Ihesiulo Grace 19 October 2017 0

Lafarge Africa Plc has issued a N60 billion commercial paper (CP) to raise funds for short- term obligations and to authenticate the CP programme, the FMDQ Securities Exchange board listing, markets and technology committee has approved the registration of the CP Programme, to its platform. The FMDQ OTC Securities Exchange or the OTC Exchange, in […]

Business Capital Market

FMDQ admits Forte Oil N9bn as first 2017 corporate bond

Ihesiulo Grace 10 February 2017 0

Forte Oil Plc has once again made history in addition to its reputation as the first early filer of yearly audited results to the Nigerian Stock Exchange (NSE) by emerging first corporate bond to list on FMDQ in 2017. Coming shortly after the recent quotation of the Dufil Prima Foods commercial paper notes is the […]

Business

FMDQ launches S&P Nigeria Sovereign Bond Index

Ihesiulo Grace 8 February 2017 0

FMDQ OTC Securities Exchange has entered into a Memorandum of Understanding (MoU) 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

Business Capital Market Capital Market

FMDQ launches Debt Capital Market Development Project

Ihesiulo Grace 29 November 2016 0

FMDQ OTC Securities Exchange (FMDQ) has launched the Debt Capital Market Development (DCMD) Project to implement the recommendations drawn from the Debt Capital Market (DCM) workshop in October, according to an official statement. The launching took place last week during the Securities and Exchange Commission (SEC) Third Quarter Capital Market Committee (CMC). “The DCM

Capital Market

FMDQ lists N7.96 billion Sterling Investment Management SPV PLC Bond

Ihesiulo Grace 22 November 2016 0

FMDQ OTC Securities Exchange has listed the Sterling Investment Management SPV PLC N7.965 billion short- medium term bond. According to a statement from Sterling’s management, the bond which is in series 1, 7-Year at 16.50 percent Fixed Rate is part of a N65 billion Debt Issuance Programme. Sponsor of the bond on FMDQ, Mr. Niyi […]