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FMDQ SECURITIES EXCHANGE
Imperial Asset Managers Limited (“Imperial”) is a stockbroking firm, financial adviser, and portfolio auditor duly registered by the Securities and Exchange Commission (“SEC”) and licensed by the Nigerian Exchange Limited (“NGX”), the FMDQ Securities Exchange (“FMDQ”), and NASD Plc ( “NASD”).
Nigerian corporates are increasingly turning to the short-term capital market for funding as high interest rates make traditional borrowing channels, particularly bank overdrafts and long-term debt, far more costly.
TrustBanc Holdings Limited is pleased to announce that FMDQ Securities Exchange has approved the groundbreaking ₦20 billion Non-Interest Commercial Paper (NICP) Programme of Sultiva Wakalah SPV Limited.
The naira has suffered further depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at N1,603.80/$1 on Thursday, July 25, 2024.
Naira languished against the British pound near the N2,000 support line, as the fortunes of the British currency gained momentum in global FX markets.
FMDQ explained that Axxela Funding 1 PLC is a special purpose vehicle incorporated by Axxela Limited.
The issuance and subsequent quotations of Dangote Cement CP was the largest issued by a non-financial institution in Nigeria on FMDQ's platform.
Union Bank Plc is set to raise an additional N20 billion by issuing series 3 and 4 into the domestic capital market.
The Lagos State Government has announced the launch of its third series N500 billion bond issuance programme which seeks to raise N100 billion.