The Fixed Income and Currency (FIC) market on the platform of the FMDQ OTC Securities Exchange has recorded its biggest drop in turnover (month-on-month) in four years as at the end of January 2019. Turnover, according to figures made available by FMDQ OTC, registered a 14.85 percent or ₦2.63 trillion decrease in the first month […]
Read More FMDQ OTC Securities Exchange has admitted a ₦32.90 billion bond from Sterling Investment Management SPV Plc. The FMDQ, in its monthly newsletter, said its Board Listings, Markets and Technology Committee granted the approval of Sterling Investment’s ₦32.90 billion Series 2 fixed rate unsecured bond under a ₦65 billion debt issuance programme on its platform at […]
Read More Investors desirous of quick gains from their investments have invested about ₦99.50 trillion in short-term money market instruments in seven months on the platform of the FMDQ OTC Securities Exchange market. According to figures provided by the FMDQ OTC Securities Exchange in August, total turnover for the January to July 2018 period amounted to ₦99.49 […]
Read More FMDQ OTC Plc has secured shareholders approval as part of plans by the Board of Directors to raise N5 billion fresh capital to further boost its operation. Shareholders of the company also approved a name change from FMDQ OTC Plc to FMDQ Securities Exchange Plc following earlier approval from the regulatory authorities. At the 6th […]
Read More Shareholders of FMDQ OTC Plc have approved the plan by the Board of Directors to raise ₦5 billion fresh capital to further boost its operation. The shareholders also approved a name change from FMDQ OTC Plc to FMDQ Securities Exchange Plc following earlier approval from the regulatory authorities. Speaking at the sixth annual general meeting, […]
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FMDQ OTC Securities Exchange yesterday listed Dangote Cement Plc’s ₦50 billion commercial papers, CPs, the biggest CP programme so far on the Nigeria debt capital market on its platform. The CP is a dual tenure issuance under the company’s ₦150 billion CP programme established in November, 2017. The CP comprises of ₦12.04 billion and ₦37.96 […]
Read More FMDQ OTC Securities Exchange recorded a turnover of ₦130.17 trillion in the first 11 months of 2017, according to provisional data provided by the over-the-counter platform for debt securities. The turnover included all products traded on the FMDQ secondary market including foreign exchange, treasury bills, sovereign bonds, other bonds issued by agency, sub-national, corporate and […]
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FMDQ OTC Securities Exchange has approved the registration and listing of Wema Bank’s ₦50 billion Commercial Paper (CP) programme on its platform. The CP Programme registration, according to the Exchange, strategically positions Wema Bank Plc to easily and quickly raise short-term finance from the debt market at a time in the future it determines suitable, […]
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The naira, yesterday, posted its biggest daily appreciation of ₦5.45 in the Investors and Exporters (I&E) window, while the volume of dollars traded rose to $166.66 million. Data from Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the I&E window, known as Nigeria Autonomous Foreign Exchange (NAFEX) dropped to ₦355.55 per […]
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FMDQ OTC Securities Exchange has approved the listing of Rand Merchant Bank’s ₦80 billion Commercial Paper, CP, programme on its platform. FMDQ said in a statement that the CP Programme registration has positioned Rand Merchant Bank to easily and quickly raise short-term finance from the debt market at a time in the future it determines […]
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The FMDQ OTC Securities Exchange recorded N22. 99 trillion worth of transactions in fixed income and currency markets in the first two months of 2017. Market Turnover Report from the company obtained in Lagos, on Monday, indicated that the value was against N13.92 trillion recorded in the corresponding period in 2016. A breakdown of the […]
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The Nigerian securities and Exchange Commission (SEC) has prohibited Heritage Capital Markets Limited, a stockbroker and dealer on the Nigerian Stock Exchange (NSE), for alleged fraudulent sale of investor’s shares. In a circular, SEC stated that it suspended Heritage Capital Markets “in connection with unauthorised sale of shares belonging to an investor”, using the capital market […]
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