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Tag Archives: FMDQ

Naira’s Depreciation Against Dollar Continues At FX Market

THE naira depreciated slightly against the dollar at the official foreign exchange market after the Eid el-Kabir holiday. FMDQ data showed that the naira weakened to N1,483.02 against the dollar on Wednesday from N1,482.72 traded last Friday. This represents a slight N0.3 depreciation against the dollar compared to the N1,482.72 traded …

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Naira Appreciates To N1,570/$ At Parallel Market

THE Nigerian Naira appreciated against the US Dollar in the parallel section of the foreign exchange (FX) market on Wednesday, recording a 1.88 percent increase to N1,570. This marks a significant rebound from the N1,600/$ rate observed on March 11, as reported by currency traders and Bureau de Change (BDC) …

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Why CBN Must Divest From FMDQ NOW

I sincerely hope that we are all seeing the rumblings at FBN Holdings. The big boys are playing Russian roulette, and the rest of us are watching. I want to keep a safe distance from the kiti kata that is happening at FBN Holdings but also refer you to Ijeoma …

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Commercial Paper’s Total Market Value Hits N3.36trn

The total market value of 110 Commercial Paper(CP) admitted on FMDQ Securities Exchange Limited has risen to N3.36trillion, even as it has approved the registration of the Union Bank of Nigeria Plc’s N100 billion CP Programme on its platform. FMDQ said, the registration of this Union Bank CP Programme, which …

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