FMDQ Exchange - To Be the Most Attractive Exchange in Africa by 2025

Platform for Efficient Capital
Formation, Best Execution and
Reliable Financial Market Data

To be the most attractive Exchange in Africa by 2025.

Otc fx Futures rates

NGUS FEB 22 2023 : 471.38
NGUS MAR 29 2023 : 473.56
NGUS APR 26 2023 : 475.75
NGUS MAY 31 2023 : 477.93
NGUS JUN 28 2023 : 480.11
NGUS JUL 26 2023 : 482.29
NGUS AUG 30 2023 : 484.47
NGUS SEP 27 2023 : 486.65
NGUS OCT 25 2023 : 488.84
NGUS NOV 29 2023 : 491.02
NGUS DEC 27 2023 : 493.20
NGUS JAN 31 2024 : 495.38
NGUS FEB 28 2024 : 498.39
NGUS MAR 27 2024 : 502.91
NGUS APR 24 2024 : 506.67
NGUS MAY 29 2024 : 510.44
NGUS JUN 26 2024 : 514.20
NGUS JUL 31 2024 : 517.97
NGUS AUG 28 2024 : 521.73
NGUS SEP 25 2024 : 525.50
NGUS OCT 30 2024 : 529.26
NGUS NOV 27 2024 : 533.03
NGUS DEC 24 2024 : 536.79
NGUS JAN 29 2025 : 540.56
NGUS FEB 26 2025 : 544.53
NGUS MAR 26 2025 : 548.50
NGUS APR 30 2025 : 552.48
NGUS MAY 28 2025 : 556.45
NGUS JUN 25 2025 : 560.42
NGUS JUL 30 2025 : 564.40
NGUS AUG 27 2025 : 568.37
NGUS SEP 24 2025 : 572.34
NGUS OCT 29 2025 : 576.32
NGUS NOV 26 2025 : 580.29
NGUS DEC 31 2025 : 584.26
NGUS JAN 28 2026 : 588.24
NGUS FEB 25 2026 : 592.56
NGUS MAR 25 2026 : 596.88
NGUS APR 29 2026 : 601.21
NGUS MAY 27 2026 : 605.53
NGUS JUN 24 2026 : 609.85
NGUS JUL 29 2026 : 614.18
NGUS AUG 26 2026 : 618.50
NGUS SEP 30 2026 : 622.82
NGUS OCT 28 2026 : 627.15
NGUS NOV 25 2026 : 631.47
NGUS DEC 30 2026 : 635.79
NGUS JAN 27 2027 : 640.12
NGUS FEB 24 2027 : 644.82
NGUS MAR 31 2027 : 649.53
NGUS APR 28 2027 : 654.23
NGUS MAY 26 2027 : 658.94
NGUS JUN 30 2027 : 663.64
NGUS JUL 28 2027 : 668.35
NGUS AUG 25 2027 : 673.05
NGUS SEP 29 2027 : 677.76
NGUS OCT 27 2027 : 682.46
NGUS NOV 24 2027 : 687.17
NGUS DEC 29 2027 : 691.87
NGUS JAN 26 2028 : 696.58

FI CLOSING RATES/PRICES

^14.20 14-MAR-2024 : 106.47 : 7.97
^13.53 23-MAR-2025 : 105.38 : 10.63
^12.50 22-JAN-2026 : 102.26 : 11.58
^16.2884 17-MAR-2027 : 109 : 13.36
^13.98 23-FEB-2028 : 100.75 : 13.76
^14.55 26-APR-2029 : 101.97 : 14.05
^12.1493 18-JUL-2034 : 87.09 : 14.49
^12.50 27-MAR-2035 : 88.25 : 14.58
^12.40 18-MAR-2036 : 86.49 : 14.75
^16.2499 18-APR-2037 : 103.63 : 15.6
^13.00 21-JAN-2042 : 86.7 : 15.15
^14.80 26-APR-2049 : 93.6 : 15.82
^12.98 27-MAR-2050 : 86.99 : 14.96
17.25 FCMB III 8-DEC-2023 : 109.02 : 6.12
12.50 DANGCEM I 30-APR-2025 : 98.09 : 13.49
15.75 UNION II 3-SEP-2025 : 106.81 : 12.56
16.50 WEMA FUNDING SPV II 12-OCT-2025 : 103.04 : 15.05
15.50 ACCESS BANK 23-JUL-2026 : 102.71 : 14.24
16.00 VIATHAN (GTD) 14-DEC-2027 : 107.93 : 12.54
13.30 ARDOVA PLC IA 12-NOV-2028 : 99.32 : 13.56
16.20 UNION III 27-JUN-2029 : 95.41 : 17.4
14.90 NMRC I 29-JUL-2030 : 101.23 : 14.52
13.80 NMRC II 15-MAR-2033 : 95.28 : 15.06
15.60 NSP-SPV GB (GTD) 27-FEB-2034 : 97.85 : 16.01
16.50 LAGOS 30-DEC-2023 : 108.16 : 3.95
17.25 LAGOS IIB 11-AUG-2027 : 110.56 : 12.17
NTB 9-Feb-23 : 0.92 : 0.92
NTB 9-Mar-23 : 0.98 : 0.98
NTB 27-Apr-23 : 1.1 : 1.1
NTB 11-May-23 : 1.13 : 1.13
NTB 8-Jun-23 : 1.83 : 1.84
NTB 7-Sep-23 : 1.4 : 1.42
NTB 26-Oct-23 : 1.52 : 1.53
NTB 9-Nov-23 : 3 : 3.07
NTB 7-Dec-23 : 3.74 : 3.86
OMO 21-Feb-23 : 1.27 : 1.27
OMO 7-Mar-23 : 2.1 : 2.1
OMO 2-May-23 : 3 : 3.02
FDHP CP III 17-MAR-23 : 7.22 : 7.29
VHPL CP III 1-APR-23 : 12.25 : 12.49
MREP CP VI 11-APR-23 : 8.52 : 8.65

FEB. 6, 2023: NAFEX $/₦461.38

FEB. 7, 2023: I&E FX Closing rate $/₦461.50

FMDQ Securities Exchange Limited, registered by Securities and Exchange Commission (SEC), as an over-the-counter Market (2012) and subsequently as a Securities Exchange (2019), is focused on organising the markets within its purview and creating an efficient platform for the registration, listing, quotation, trading and reporting of securities and financial products.

CORPORATE ACTION CALENDAR

Fixed Income and Currency Monthly Report

DATA

Markets

I&E FX Window

Description	Rate ($/₦)	Change (%)	DATE
Opening	461.50	0.02	February 7, 2023
Closing	461.50	-0.14	February 7, 2023
	SPOT RATE	FORWARD RATE
High	462.00	478.07	February 7, 2023
Low	416.00	477.67	February 7, 2023
	TURNOVER ($’mm)
Daily	74.58		February 7, 2023

Debt

Description	₦’trn	DATE
Size	30.94	February 7, 2023

Money

Description	Rate (%)	Change (%)	DATE	.
O/N	10.81	0.00	February 7, 2023
OPR	10.50	0.00	February 7, 2023

O/N – Overnight OPR – Open Repo

Fixings

Nafex

Nibor

Nitty

Nafex

Description	Rate ($/₦)	Change (%)	DATE	.
Spot	461.38	-0.01	February 6, 2023

NAFEX – Nigerian Autonomous Foreign Exchange Fixing

Nibor

Tenor	Rate (%)	Change (%)	DATE
O/N	11.5500	-1.05	February 6, 2023
1M	13.2000	0.05	February 6, 2023
3M	13.7500	-0.05	February 6, 2023
6M	14.1500	-0.15	February 6, 2023

NIBOR – Nigerian Inter-bank Offered Rate

Nitty

Tenor	Rate (%)	Change (%)	DATE
1M	1.2680	-0.01	February 6, 2023
3M	1.7075	0.04	February 6, 2023
6M	2.4341	0.10	February 6, 2023
9M	2.5484	0.13	February 6, 2023
12M	3.1121	0.00	February 6, 2023

NITTY – Nigerian Inter-bank Treasury Bills True Yields

Products

Bonds

Description	Price	Yield	Change (%)	DATE
^14.20 14-MAR-2024	10.786,00	6.63	-1.38	February 7, 2023
^13.53 23-MAR-2025	10.607,00	10.26	0.00	February 7, 2023
^12.50 22-JAN-2026	10.318,00	11.20	-0.88	February 7, 2023
^16.2884 17-MAR-2027	10.885,00	13.40	0.00	February 7, 2023
^13.98 23-FEB-2028	10.078,00	13.76	-0.19	February 7, 2023
^14.55 26-APR-2029	10.197,00	14.05	0.00	February 7, 2023
^12.1493 18-JUL-2034	8.709,00	14.49	0.00	February 7, 2023
^12.50 27-MAR-2035	8.825,00	14.59	0.00	February 7, 2023
^12.40 18-MAR-2036	8.649,00	14.75	0.00	February 7, 2023
^16.2499 18-APR-2037	10.183,00	15.91	-0.04	February 7, 2023
^13.00 21-JAN-2042	8.670,00	15.15	0.00	February 7, 2023
^14.80 26-APR-2049	9.228,00	16.05	0.04	February 7, 2023
^12.98 27-MAR-2050	8.618,00	15.10	0.00	February 7, 2023
17.25 FCMB III 8-DEC-2023	10.936,00	5.57	-0.58	February 7, 2023
12.50 DANGCEM I 30-APR-2025	9.890,00	13.06	-0.27	February 7, 2023
15.75 UNION II 3-SEP-2025	10.762,00	12.19	-0.47	February 7, 2023
16.50 WEMA FUNDING SPV II 12-OCT-2025	10.384,00	14.68	-0.57	February 7, 2023
15.50 ACCESS BANK 23-JUL-2026	10.350,00	13.87	-0.59	February 7, 2023
16.00 VIATHAN (GTD) 14-DEC-2027	10.877,00	12.18	-0.78	February 7, 2023
13.30 ARDOVA PLC IA 12-NOV-2028	9.997,00	13.29	-0.65	February 7, 2023
16.20 UNION III 27-JUN-2029	9.541,00	17.40	-0.01	February 7, 2023
14.90 NMRC I 29-JUL-2030	10.117,00	14.54	-0.08	February 7, 2023
13.80 NMRC II 15-MAR-2033	9.529,00	15.06	0.00	February 7, 2023
15.60 NSP-SPV GB (GTD) 27-FEB-2034	9.785,00	16.02	0.00	February 7, 2023
16.50 LAGOS 30-DEC-2023	10.821,00	3.64	-0.27	February 7, 2023
17.25 LAGOS IIB 11-AUG-2027	11.136,00	11.80	-0.49	February 7, 2023

Bills

Maturity	Discount	Yield	DATE
NTB 9-Mar-23	0.98	0.98	February 7, 2023
NTB 27-Apr-23	1.10	1.10	February 7, 2023
NTB 11-May-23	1.13	1.13	February 7, 2023
NTB 8-Jun-23	1.20	1.20	February 7, 2023
NTB 7-Sep-23	1.40	1.42	February 7, 2023
NTB 26-Oct-23	1.52	1.53	February 7, 2023
NTB 9-Nov-23	3.00	3.07	February 7, 2023
NTB 7-Dec-23	3.74	3.86	February 7, 2023
OMO 21-Feb-23	1.27	1.27	February 7, 2023
OMO 7-Mar-23	2.10	2.10	February 7, 2023
OMO 2-May-23	3.00	3.02	February 7, 2023

CPs

Maturity	Discount	Yield	Change (%)	DATE	.
VHPL CP III 1-APR-23	12.27	12.49	0.00	February 7, 2023
MREP CP VI 11-APR-23	8.53	8.65	0.00	February 7, 2023

OTC FX FUTURES

Contract Tenor (Month)	Contract	Current Rate ($/₦)	DATE
1	NGUS FEB 22 2023	471.38	February 7, 2023
2	NGUS MAR 29 2023	473.56	February 7, 2023
3	NGUS APR 26 2023	475.75	February 7, 2023
4	NGUS MAY 31 2023	477.93	February 7, 2023
5	NGUS JUN 28 2023	480.11	February 7, 2023
6	NGUS JUL 26 2023	482.29	February 7, 2023
7	NGUS AUG 30 2023	484.47	February 7, 2023
8	NGUS SEP 27 2023	486.65	February 7, 2023
9	NGUS OCT 25 2023	488.84	February 7, 2023
10	NGUS NOV 29 2023	491.02	February 7, 2023
11	NGUS DEC 27 2023	493.20	February 7, 2023
12	NGUS JAN 31 2024	495.38	February 7, 2023
13	NGUS FEB 28 2024	498.39	February 7, 2023
14	NGUS MAR 27 2024	502.91	February 7, 2023
15	NGUS APR 24 2024	506.67	February 7, 2023
16	NGUS MAY 29 2024	510.44	February 7, 2023
17	NGUS JUN 26 2024	514.20	February 7, 2023
18	NGUS JUL 31 2024	517.97	February 7, 2023
19	NGUS AUG 28 2024	521.73	February 7, 2023
20	NGUS SEP 25 2024	525.50	February 7, 2023
21	NGUS OCT 30 2024	529.26	February 7, 2023
22	NGUS NOV 27 2024	533.03	February 7, 2023
23	NGUS DEC 24 2024	536.79	February 7, 2023
24	NGUS JAN 29 2025	540.56	February 7, 2023
25	NGUS FEB 26 2025	544.53	February 7, 2023
26	NGUS MAR 26 2025	548.50	February 7, 2023
27	NGUS APR 30 2025	552.48	February 7, 2023
28	NGUS MAY 28 2025	556.45	February 7, 2023
29	NGUS JUN 25 2025	560.42	February 7, 2023
30	NGUS JUL 30 2025	564.40	February 7, 2023
31	NGUS AUG 27 2025	568.37	February 7, 2023
32	NGUS SEP 24 2025	572.34	February 7, 2023
33	NGUS OCT 29 2025	576.32	February 7, 2023
34	NGUS NOV 26 2025	580.29	February 7, 2023
35	NGUS DEC 31 2025	584.26	February 7, 2023
36	NGUS JAN 28 2026	588.24	February 7, 2023
37	NGUS FEB 25 2026	592.56	February 7, 2023
38	NGUS MAR 25 2026	596.88	February 7, 2023
39	NGUS APR 29 2026	601.21	February 7, 2023
40	NGUS MAY 27 2026	605.53	February 7, 2023
41	NGUS JUN 24 2026	609.85	February 7, 2023
42	NGUS JUL 29 2026	614.18	February 7, 2023
43	NGUS AUG 26 2026	618.50	February 7, 2023
44	NGUS SEP 30 2026	622.82	February 7, 2023
45	NGUS OCT 28 2026	627.15	February 7, 2023
46	NGUS NOV 25 2026	631.47	February 7, 2023
47	NGUS DEC 30 2026	635.79	February 7, 2023
48	NGUS JAN 27 2027	640.12	February 7, 2023
49	NGUS FEB 24 2027	644.82	February 7, 2023
50	NGUS MAR 31 2027	649.53	February 7, 2023
51	NGUS APR 28 2027	654.23	February 7, 2023
52	NGUS MAY 26 2027	658.94	February 7, 2023
53	NGUS JUN 30 2027	663.64	February 7, 2023
54	NGUS JUL 28 2027	668.35	February 7, 2023
55	NGUS AUG 25 2027	673.05	February 7, 2023
56	NGUS SEP 29 2027	677.76	February 7, 2023
57	NGUS OCT 27 2027	682.46	February 7, 2023
58	NGUS NOV 24 2027	687.17	February 7, 2023
59	NGUS DEC 29 2027	691.87	February 7, 2023
60	NGUS JAN 26 2028	696.58	February 7, 2023

Indices

Table View

S&P FMDQ Nigeria Sovereign Bond Index

Total Returns	SP Index	DATE
Index Level	601.46	February 7, 2023
1 Day	0.29%	February 7, 2023
MTD	0.18%	February 7, 2023
QTD	-2.09%	February 7, 2023
YTD	-2.09%	February 7, 2023

Recently Listed and Quoted Securities

Dangote Cement PLC

Listed

₦35.91bn 13.50% Series 1 (Tranche C) Fixed Rate Senior Unsecured Bond due 2028 under the ₦300.00bn Multi-Instrument Programme

Dangote Cement PLC

Listed

₦10.45bn 12.50% Series 1 (Tranche B) Fixed Rate Senior Unsecured Bond due 2026 under the ₦300.00bn Multi-Instrument Programme

Dangote Cement PLC

Listed

₦3.64bn 11.25% Series 1 (Tranche A) Fixed Rate Senior Unsecured Bond due 2024 under the ₦300.00bn Multi-Instrument Programme

MTN Nigeria Communications PLC

Listed

₦110.00bn 13.00% Series 1 Senior Unsecured Fixed Bond due 2028 under the ₦200.00bn Bond Issuance Programme

MeCure Industries Funding SPV PLC

Listed

₦3.00bn 13.00% Series 1 Senior Secured Fixed Bond under the ₦20.00bn Bond Issuance Programme

CERPAC Receivables Funding SPV PLC

Listed

₦1.25bn 14.50% Series 3 Fixed Bond under the ₦40.00bn Medium Term Note Programme

Federal Republic of Nigeria

Listed

8.250% $1.25bn Eurobond due September 2051

Federal Republic of Nigeria

Listed

7.375% $1.50bn Eurobond due September 2033

Federal Republic of Nigeria

Listed

6.125% US$1.25bn Eurobond due September 2028

Emerging Africa Asset Management Limited

Listed

500.00mm units of N1.00 each Emerging Africa Balanced Diversity Fund

Emerging Africa Asset Management Limited

Listed

20,000.00 units of US$100.00 each Emerging Africa Eurobond Fund

Emerging Africa Asset Management Limited

Listed

1.00bn units of N1.00 each Emerging Africa Bond Fund

Emerging Africa Asset Management Limited

Listed

1.00bn units of N1.00 each Emerging Africa Money Market Fund

Dangote Cement PLC

Quoted

₦17.84bn Series 3 CP under its ₦150.00bn CP Programme

Dangote Cement PLC

Quoted

₦7.96bn Series 2 CP under its ₦150.00bn CP Programme

Dangote Cement PLC

Quoted

₦15.20bn Series 1 Commercial Paper (CP) under its ₦150.00bn CP Programme

TrustBanc Holdings Limited

Quoted

₦2.58bn Series 4 CP under its ₦10.00bn CP Programme

DLM Capital Group Limited

Quoted

₦1.01bn Series 2 CP under its ₦20.00bn CP Programme

DLM Capital Group Limited

Quoted

₦1.24bn Series 1 CP under its ₦20.00bn CP Programme

Fidson Healthcare PLC

Quoted

₦2.15bn Series 2 CP under its ₦10.00bn CP Programme

Mecure Industries Limited

Quoted

₦1.44bn Series 2 CP under its ₦20.00bn CP Programme

Mecure Industries Limited

Quoted

₦0.49bn Series 1 CP under its ₦20.00bn CP Programme

Valency Agro Nigeria Limited

Quoted

₦0.66bn Series 5 CP under its ₦20.00bn CP Programme

Valency Agro Nigeria Limited

Quoted

₦0.78bn Series 4 CP under its ₦20.00bn CP Programme

FMDQ GREEN EXCHANGE

FMDQ Green Exchange is an information platform dedicated to promoting transparency good governance, and the growth of the Green and Sustainability...

FMDQ ACADEMY

We deliver specialised trainings to market participants on various financial market products, standards/regulations using an effective instructional approach and technology...

MEDIA CENTRE

FMDQ in the News

Media Library

Corporate Events

FMDQ in the News

Media Library

Corporate Events

To be the most attractive Exchange in Africa by 2025.

Otc fx Futures rates

FI CLOSING RATES/PRICES

FEB. 6, 2023: NAFEX $/₦461.38

FEB. 7, 2023: I&E FX Closing rate $/₦461.50

DATA

Recently Listed and Quoted Securities

Dangote Cement PLC

Dangote Cement PLC

Dangote Cement PLC

MTN Nigeria Communications PLC

MeCure Industries Funding SPV PLC

CERPAC Receivables Funding SPV PLC

Federal Republic of Nigeria

Federal Republic of Nigeria

Federal Republic of Nigeria

Emerging Africa Asset Management Limited

Emerging Africa Asset Management Limited

Emerging Africa Asset Management Limited

Emerging Africa Asset Management Limited

Dangote Cement PLC

Dangote Cement PLC

Dangote Cement PLC

TrustBanc Holdings Limited

DLM Capital Group Limited

DLM Capital Group Limited

Fidson Healthcare PLC

Mecure Industries Limited

Mecure Industries Limited

Valency Agro Nigeria Limited

Valency Agro Nigeria Limited

FMDQ GREEN EXCHANGE

FMDQ ACADEMY

MEDIA CENTRE

02

05

04

20

5th Annual FMDQ GOLD Awards

Stay up to date on our latest news and market data information

Follow Us

OFFICE ADDRESS

SUBSIDIARIES

FEATURED SITES

LEGAL

FEATURED MENU

Featured Menu

FMDQ-OXFO Partnership

FMDQ Sustainability Agenda

Get In Touch