April 1, 2023



FMDQ’s ETD will assist authorities increase cheaper funds – Afolabi 

The FMDQ Securities Trade Restricted has stated that  it’s working in direction of the launch of Trade Traded Spinoff (ETD) merchandise that may allow the federal government increase funds at a less expensive value.

The Head, Market Structure, FMDQ Securities Trade Restricted, Mr Oluwaseun Afolabi, disclosed this in Lagos  whereas  interacting with Capital Market Correspondents.

Afolabi stated the trade was additionally working in direction of ETD merchandise referencing sovereign securities such because the Federal Authorities of Nigeria Bonds and Treasury Payments to help hedging and danger administration by buyers in these securities. 

On how the FMDQ has helped in deepening the Nigerian debt market, Afolabi stated that the corporate in its capability as a market organiser and self-regulatory organisation, has through the years pioneered and led varied initiatives geared at deepening and selling liquidity within the Nigerian debt markets.   

These initiatives, he stated, vary from these focused at spurring exercise within the major markets for cash market debt securities resembling Business Papers (CPs) and facilitating the issuance of short-term bonds.

Afolabi identified that the corporate have interaction in secondary market initiatives resembling market making, securities valuation, benchmark growth and administration and growth of the bouquet of debt securities and different monetary devices onboarded on the Trade.   

Talking on the success and acceptability of CPs within the nation, Afolabi famous that CPs have turn into acceptable within the Nigerian monetary market as evidenced by the milestones recorded by FMDQ Trade within the Nigerian CP market. 

“Because the entry of FMDQ Trade into the CP market, the Nigerian CP market has grown from close to zero ranges a couple of decade in the past when it comes to capital raised to a market the place about N3.17 trillion has been raised by way of CP issuances because the entry of FMDQ Trade to this point.

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