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FMDQ
News and analysis about FMDQ
Nigeria’s capital market infrastructure sector posted a stellar 2024, with all four major players FMDQ Group, CSCS Plc,...
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 Nigerian naira recorded marginal appreciation at both the official and parallel markets by the end of November, according to data from FMDQ and Bureau de Change (BDC) operators.
The naira made a notable recovery in the official market on September 6, 2024, closing at N1,593.32/$1, marking a 2.89% rebound after three consecutive days of depreciation.
The Nigerian official foreign exchange (FX) market experienced a marked decline in turnover in August, despite the initial Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN).
The naira struggled to maintain the N1,600 baseline in the official FX market over the past week, despite the dollar index reaching its lowest point since January.
The forex turnover on the FMDQ, where the exchange rate trades officially, closed at a turnover of just $61.9 million, the lowest since January 2024.
The naira surged to N1,570/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Thursday, marking an increase of 2.47% from the previous day’s rate of N1,608.73/$1.
The Debt Management Office (DMO) sold Treasury Bills (T.bills) valued at N617.92 billion across its auctions in June 2024.
The naira hit a new low in July, closing at N1,563.80/$1 on Friday, July 12, 2024, as it recovered from the previous day’s slight appreciation.
Zeenab Foods Limited, a leading food processing and agro-commodity trading company in Nigeria, has successfully signed a N20 billion Commercial Paper (CP) Issuance Programme on the FMDQ Securities Exchange Limited
After two days of substantial depreciation in a week characterized by significant volatility in the foreign exchange market, the naira showed signs of stabilizing as it closed at N1,485.99/$1 on Friday, May 31, 2024.