Nigeria: FMDQ Plans Collaboration With NSE to Increase Market Depth

26 May 2014

FMDQ OTC Plc is seeking collaboration with the Nigerian Stock Exchange, NSE, to introduce more tradable instruments in the financial market.FMDQ is a Securities and Exchange Commission (SEC)'s licenced window for trading fixed income securities in the Nigerian capital market. It is also a self-regulatory organisation (SRO).

Speaking at the maiden licensing ceremony of FMDQ OTC dealing members in Lagos, where a total of 26 dealing members, comprising of 23 banks and three discount houses, were licensed, the Chairman, Mr. Aigboje Aig-Imoukhuede, said that such collaboration will help to increase the depth of the market.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.