Category: Bond Market

FMDQ Welcome the Listing of Stanbic IBTC Dollar, Money Market and Bond Funds on its Platform

As a debt-capital focused securities exchange, championing and supporting market-driven initiatives aimed at providing liquidity and facilitating growth and development in the Nigerian financial markets, FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange), through its Board Listings, Markets and Technology Committee, admitted the listing of the Stanbic IBTC Dollar, Money Market and Bond Funds (the SIAML Funds) on…

FMDQ Records N142 Trillion Turnover; a year-on-year growth rate of 24.97 per cent from N113.65 trillion in 2016

Bola Onodele Managing Director FMDQThe FMDQ OTC Securities Exchange on Thursday February 1, 2018, released achievement transactions record of a N142 trillion total over-the-counter (OTC) market turnover in 2017. This indicated a year-on-year growth rate of 24.97 per cent from the N113.65 trillion recorded in 2016. According to the statement excerpt s from the FMDQ…

Debut Sovereign Green Bond Oversubscribed By N0.101billion

In a Statement released, the Debt Management Office (DMO) has announced that the debut Sovereign Green Bond offered to the general public in December, 2017 was very well received by a wide range of investors. At the close of the Offer, the Total Subscription received was N10.791 billion meaning the issue was oversubscribed by N0.101…

The total of N5.14trillion was loaned to federal government from the N7.3 trillion pension funds saved since the commencement of the Contributory Pension Scheme (CPS) in 2004. According to the source, the said N5.14trillion was loaned to the government through bonds and treasury bills purchase by the pension fund managers which proceed were meant to…