Bola Onadele News

Nigeria Moves Closer to Single Naira Rate

Nigeria Moves Closer to Single Naira Rate (Infographic)

Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the official rate.

Bola Onadele, CEO, FMDQ OTC Securities Exchange

Meet the Boss: Bola Onadele, CEO, FMDQ OTC Securities Exchange

The Financial Markets Dealers Quotations (FMDQ) OTC Securities Exchange is a Nigerian marketplace that trades debt securities and currency, specifically dollar against naira.

JPMorgan

Nigerian regulators intervene after JP Morgan bond index action

Nigeria’s bond market regulator stepped in to avoid a market collapse on Thursday, bringing trades to a halt by forcing dealers to widen spreads after JP Morgan’s decision to remove Africa’s biggest economy from a major bond index.