FMDQ debt market size as at October 12, 2023 hits N39.8 trillion.
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Also, Foreign Exchange (FX) Spot and Derivatives markets turnover for the week ended October 13, 2023, was $683.97 million, an increase of 109.52 per cent ($357.53 million) from $326.44 million reported for the week ended October 6, 2023.

According to the exchange, the week-on-week (WoW) increase in total turnover was jointly driven by the 109.8 per cent ($357.47 million) and 6.06 per cent ($0.06 million) increases in FX Spot and FX Derivatives turnover, respectively.

The exchange stated that the WoW increase in FX Derivatives turnover was solely driven by the 6.06 ($0.06 million) increase in FX Forwards turnover, whilst there was no activity in both Exchange- Traded FX Futures and Cleared Naira-Settled Non-Deliverable Forwards (formally known as the Naira-Settled OTC FX Futures) market.

Also, in the FX Spot market, the total value of transactions for the week ended October 13, 2023, was $682.92 million, representing an increase of 109.8 per cent ($357.47 million) from the value of transactions executed in the week ended October 6, 2023 ($325.45 million.

There were no trades executed in the Exchange-Traded FX Futures & Cleared Naira-Settled non-deliverable Forwards markets Within the period, the average Nigerian Autonomous Foreign Exchange Fixing (NAFEX) rate was $/₦772.92, compared to $/₦768.66 recorded in the week ended October 6, 2023, representing a depreciation of the Naira against the dollar by 0.55 per cent ($/₦4.26).

Further, FMDQ Exchange also announced the approval for the listing of the Development Bank of Nigeria ₦23.00bn Series 1 Fixed Rate Bond under its ₦100.00bn Medium-Term Note Programme on its platform.

FMDQ is Africa’s 1st vertically integrated FMI group, providing execution, clearing and settlement of transactions via FMDQ Exchange, FMDQ Clear and FMDQ Depository.
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