FMDQ market report
During the week-ended December 15,2017, the Central Bank of Nigeria (CBN) continued its supply of US Dollars in the FX market, offering $100.00mm at a marginal rate of $/₦331 via a Single Secondary Market Intervention Sale (SMIS) – Wholesale session held during the week-ending December 15, 2017. The apex bank also maintained its intervention for…
FMDQ OTC Securities Exchange CEO cautiously optimistic about 2018
Bola Onadele Koko, CEO of the FMDQ OTC Securities Exchange joined CNBC Africa’s Onyi Sunday to review its performance this year and give an outlook for 2018. I think the first thing that happened in 2017 would be in the foreign exchange market where the Central Bank to the delight of most market stakeholders introduced…
FMDQ positions to support housing sector through DCM
FMDQ has announced the approval for the listing of the Mixta Real Estate PLC ₦4.50 bnillion Series 1 5-Year 17.00 per cent fixed rate Senior Guaranteed Bond (the Mixta Bond) under a ₦30.00bn Medium Term Note Programme.
CBN, FMDQ, others task treasurers on effective financial intermediation
Alade spoke at the maiden Breakfast Meeting of the Association of Corporate Treasurers of Nigeria (ACTN) held in Lagos, with the theme: “The Economic Outlook for 2017 and its impact on the Corporate Sector.”
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.
Futures market: The new game in town
The Central Bank of Nigeria (CBN), in a period of seven days, re-opened the interbank market for foreign exchange transactions, followed by the launch of the OTC Futures market for the same foreign exchange transactions.