Market Notices are written communications issued periodically and specific to information on FMDQ’s products and markets’ issues, ranging from new product releases, amendments to existing operating procedures, risk management arrangements, to decisions that may affect Members and other stakeholders of FMDQ Exchange.

Should you require any further clarification on any Market Notice, please contact the Fixed Income & Currencies Markets Group or the Derivatives Market Group



Notice Summary


March 22
Revalidation of FMDQ Statement of Compliance with IOSCO Principles for Financial Benchmarks
Fixed Income and Currencies Market
February 22
FMDQ Cleared Naira-Settled Non-Deliverable Forwards Closing Rate Methodology
Derivatives Market
January 26
Revisions to the FMDQ Foreign Exchange Market Rates Pricing Methodologies
Fixed Income and Currencies Market
October 24
Change of all References to Naira-Settled OTC FX Futures to Cleared Naira-Settled Non-Deliverable Forwards
Derivatives Market
October 19
Change of All References to Investors’ and Exporters’ Foreign Exchange Window to Nigerian Autonomous Foreign Exchange Market
Fixed Income and Currencies Markets
August 1
Temporary Adjustments to the Administration of the Nigerian Autonomous Foreign Exchange Fixing
Fixed Income and Currencies Markets
July 13
Revision of Trading Hours in the FMDQ Exchange-Traded Derivatives (“ETD”) Market
Derivatives Market
July 5
Revisions to the NAFEX and I&E FX Window Spot Rates Methodologies
Fixed Income and Currencies Market
July 3
Activation of the FMDQ Exchange-Traded Derivatives Market
Derivatives Market
June 30
Resumption Of The Provision Of Quotes In The Naira-settled Otc Fx Futures Market
Derivatives Market
June 20
Revision of the Reference Rate for Daily Valuation (mark-to-market) Of Naira-settled OTC FX Futures Contracts
Derivatives Market
June 20
Unavailability of Quotes In The Naira-settled OTC FX Futures Market
Derivatives Market
FMDQ-OXFO Partnership
With innovative technology and strategic partnerships we create a new value network and redefine the cost structure for homeownership so that more people
FMDQ Sustainability Agenda
FMDQ, through its activities, aims to achieve sustainability in the areas it actively operates and impacts, as such, its Sustainability Strategy is guided by five (5) main Sustainability Pillars…

Dear Subscriber,

Thank you for your interest in staying connected with us! Before proceeding, please take a moment
to read and acknowledge the terms and conditions below:

1. Privacy Policy: Your privacy is important to us. We will handle your personal information responsibly and in accordance with our Privacy Policy. You can review our Privacy Policy here.

2. Email Communications: By subscribing, you consent to receiving email communications from us. These may include newsletters, product and service brochures, and other relevant updates.

3. Subscription Confirmation: You will receive a confirmation email shortly. Please click on the provided link to confirm your subscription. This step ensures your interest in receiving emails from us.

4. Unsubscribe Option: Every email communication you receive will include an option to unsubscribe. If you ever wish to stop receiving our email communications, you can do so by clicking the “unsubscribe” link at the bottom of the email.

5. Age Verification: By subscribing, you confirm that you are 18 years old or the legal age of majority in your jurisdiction.

6. Frequency: We strive to send you relevant content without overwhelming your inbox. You can expect to hear from us [weekly/monthly/occasionally], depending on our content schedule

Please check the boxes below to confirm your consent.
If you have any questions or concerns about our terms and conditions, kindly contact us at