The Lagos State Government has concluded plans to list its N47 billion bonds on the FMDQ Securities Exchange Plc platform. The listing of this bond on this platform will enable investors to trade on it on daily basis before due date. The bond, which is...

The Federal Government is planning to borrow N105bn ($345m) in local currency - denominated bonds at an auction on October 12, the Debt Management Office has said. The DMO said that it would raise N35bn each from debt maturing in 2021, 2026 and 2036, using...

Petroleum product marketers have demanded an upward review in the pump price of the Premium Motor Spirit (also known as petrol). This, they said, would make importation of the product profitable. They said the free fall of the naira against the dollar had made it unprofitable...

The second over-the-counter foreign exchange futures contract (NGUS AUG 24 2016) with notional amount of $152.48m at $/N310, matured and was settled on the FMDQ platform. This development, FMDQ explained in a statement yesterday, was in line with the OTC Forex Futures Market Framework and...

In order to optimally manage and plan their foreign exchange (FX) requirements and transactions more easily, manufacturers in country have started taking advantage of the over-the-counter (OTC) FX Futures market. This is just as the Managing Director/CEO of FMDQ, Mr. Bola “Koko” Onadele, said that...

The Central Bank of Nigeria (CBN) will this week mop up N245 billion from the interbank money market in a bid to reduce money supply in the economy. Meanwhile, cost of funds in the interbank money market fell by more than 50 percent last...