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FMDQ GROUP
FMDQ Group owners of Nigeria’s fixed income securities exchange FMDQ have confirmed plans to launch its equities market placing it in direct competition with the NGX.
The appointment follows the retirement of the fourth Chairman, Dr. Kingsley Obiora, effective September 2023.
According to data from the FMDQ Group, 56 Nigerian companies raised N1.504 trillion through commercial papers in 2023, representing a whopping 499% increase from the N251 billion raised in 2022.
Turnover in FMDQ markets for the month ended May 31, 2022, was N15.39 trillion, representing a month-on-month (MOM) decrease of 20.42%...
FMDQ Clear has been granted Approval-In-Principle for Central Counterparty Registration by the SEC.