• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Fixed Income

FMDQ admits Rand Merchant Bank’s N2.36 billion commercial papers

Chris Ugwu by Chris Ugwu
December 23, 2022
in Fixed Income, Securities
AFEX to partner with FMDQ and Dubai Commodities Exchange, Nigerian Mortgage Refinance Company, Flour Mills list bond on FMDQ Exchange.

Bola Onadele Koko, CEO FMDQ

Share on FacebookShare on TwitterShare on Linkedin

FMDQ Securities Exchange Limited has announced the admission of Rand Merchant Bank Nigeria Limited‘s N0.55 billion Series 3 and N1.81 billion Series 4 commercial papers (CP) under its N80.00 billion CP programme.

A statement by the FMDQ, seen by Nairametrics, said the CP was mainly sponsored by Standard Chartered Capital & Advisory Nigeria Limited, with participation from FCMB Capital Markets Limited, FSDH Capital Limited, Rand Merchant Bank, and Stanbic IBTC Capital Limited as co-sponsors.

The aim of the CP: The commercial paper will help to guarantee sustained business operations for FMDQ amid the current challenging economic environment.

RelatedStories

CBN, forex

Nigerian Banks turn to expensive short-term commercial papers amid liquidity squeeze 

March 27, 2025
SG Holdings launches Series 1 and 2 Commercial Papers of up to N30 billion, identifies target investors 

SG Holdings launches Series 1 and 2 Commercial Papers of up to N30 billion, identifies target investors 

March 24, 2025

Specifically, the company will utilise all the funds realised from the CP to support its short-term working capital and funding requirements.

  • “With a Commercial Paper (CP) market value of N3.25 trillion as of November 30, 2022, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) is pleased to announce the admission of the quotation of the Rand Merchant Bank Nigeria Limited N0.55 billion Series 3 and N1.81 billion Series 4 CPs under its N80.00 billion CP Programme on its platform,” said a part of the statement by the FMDQ.

Commercial papers in Nigeria: According to the FMDQ, the value of commercial papers in Nigeria as of November 2022 was N3.25 trillion.

FMDQ said that as part of its efforts towards unlocking the potential of the Nigerian economy, it shall continue to support institutional growth and stimulate continuous development of the economy at large, through the provision of a Securities Admission Service, in line with its mandate.


Follow us for Breaking News and Market Intelligence.
Tags: Commercial PapersFMDQRand Merchant Bank
Chris Ugwu

Chris Ugwu

Chris is a Senior Financial Analyst at Nairametrics Advocates Limited with over a decade stint in active journalism and public relations practice.

Related Posts

CBN, forex
Financial Services

Nigerian Banks turn to expensive short-term commercial papers amid liquidity squeeze 

March 27, 2025
SG Holdings launches Series 1 and 2 Commercial Papers of up to N30 billion, identifies target investors 
Equities

SG Holdings launches Series 1 and 2 Commercial Papers of up to N30 billion, identifies target investors 

March 24, 2025
Rand Merchant Bank (RMB) joins the Kachasi Revolution: Nigeria’s leading indigenous trade finance software
Companies

Rand Merchant Bank (RMB) joins the Kachasi Revolution: Nigeria’s leading indigenous trade finance software

February 4, 2025
MTN Nigeria
Companies

MTN Nigeria announces Series 15 and 16 commercial papers after N72.18 billion oversubscription, reveals objective 

December 24, 2024
Currency volatility: Intra-day high records N1755/$1 on sustained demand pressure  
Currencies

Naira appreciates marginally against dollar, euro, and pound in November 

December 2, 2024
Naira
Currencies

Naira rebounds below N1,600/$1 after three-day decline on official market 

September 7, 2024
Next Post
ICT stakeholders worry as National Assembly moves to pass NITDA Bill

ICT stakeholders worry as National Assembly moves to pass NITDA Bill

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Top fintech apps in Nigeria with over 10 million downloads as of May 2025 
  • IMT 4.0. sets stage for 2025 Edition, names former McKinsey partner, tech innovator, Per Lagerström as headline speaker 
  • NGX, IFC strengthen Nigeria’s sustainable finance drive with labelled bond workshop

Follow us on social media:

Recent News

Top fintech apps in Nigeria with over 10 million downloads as of May 2025 

Top fintech apps in Nigeria with over 10 million downloads as of May 2025 

June 23, 2025
IMT 4.0. sets stage for 2025 Edition, names former McKinsey partner, tech innovator, Per Lagerström as headline speaker 

IMT 4.0. sets stage for 2025 Edition, names former McKinsey partner, tech innovator, Per Lagerström as headline speaker 

June 23, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics