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 strengthen financial literacy among primary and secondary school students, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
…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 […]
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 […]
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 […]
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 index […]
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 workshop […]
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 […]