Financial Markets Dealers Quotations (FMDQ) OTC Securities Exchange News

Quick Guide for Those Who Can't Figure Out the Naira's Worth

Quick Guide for Those Who Can't Figure Out the Naira's Worth (Infographics)

Monetary policy officials unified some of their multiple exchange rates when they let currency dealers quote naira levels used in actual trades this month.

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.

Godwin Emefiele, Governor, Central Bank of Nigeria

Investors cheer Nigeria currency shift, want more

Nigeria’s recent tentative steps to free up its naira currency, particularly via a new trading window, have gone down well with some adventurous stock and bond investors who are cautiously returning to the markets they fled two years ago.

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.

Oscar Onyema, CEO, Nigerian Stock Exchange

Nigerian Stock Exchange CEO Oscar Onyema appointed to second five-year term

The Nigerian Stock Exchange (NSE) has approved the appointment of Oscar Onyema to a second five-year term as Chief Executive Officer of the Exchange effective immediately.

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.

Trader

Tullett Prebon and Parthian Partners enter joint venture to expand in Africa's largest economy

Tullett Prebon Plc (TLPR), a London-based inter-dealer broker, started a joint-venture with Nigeria’s Parthian Partners Ltd., to expand in Africa’s largest economy.