FMDQ joins other international groups at derivatives forum
Experts in Swaps and Derivatives trading will take up discussions on the standardisation of documentations in Nigeria’s market, with the view of boosting the integrity of markets and attract investors’ trust and confidence.
FMDQ OTC admits N13.5 billion Union Bank’s bond on platform
FMDQ OTC Securities Exchange has admitted Union Bank of Nigeria Plc’s ₦N7.19 billion Series 1 and ₦N6.31 billion Series 2...
FMDQ admits Flour Mills N20.11b unsecured fixed rate bond
FMDQ or the OTC Exchange, through its board listing, markets and technology committee at the weekend, admitted the listing of the Flour Mills of Nigeria Plc’s ₦10.11 billion Series 1, and ₦10.00 billion Series 2 senior unsecured fixed rate bonds under the firm’s ₦70.00 billion bond issuance programme on its platform. The Series 1…
FMDQ admits Dangote Cement’s N50 billion debt instrument
The largest Commercial Paper (CP) notes’ issuance by a non-financial institution, hit the debt segment of the capital market, as FMDQ OTC Securities Exchange (FMDQ), at the weekend...
CBN, FMDQ boost market confidence with fixed income settlement solution
FMDQ OTC Securities Exchange, through the Central Bank of Nigeria (CBN), and the Financial Markets Dealers’ Association (FMDA), have established Straight-Through- Processing (STP) for the settlement of fixed income trades.
OTC market records N9.36 trillion turnover in June 2016
A breakdown of activities in OTC last month showed that Treasury Bills transactions accounting for 38.14 per cent of the total value while turnover in the foreign exchange (FX) market, accounting for 26.07 per cent of total turnover, settled at $8.98 billion.
IFC’s $73.5m project deal: Boost to export, forex inflows
A renewed hope for free flowing foreign currency-denominated investments bolstered on Monday, with the intervention of the World Bank’s investment arm in a port terminal project.