Summary

FMDQ Exchange, in its capacity as market organiser of the Nigerian financial markets, receives trade data from its Dealing Members on a weekly basis, and in line with fulfilling its mandate to provide transparency to the market, publishes monthly turnover figures across all the products traded on the FMDQ platform.

The FMDQ Market Turnover Report shows the turnover on all products traded on the FMDQ secondary market – Foreign Exchange, Treasury Bills, Money Market (Repurchase Agreements, Buy-Backs and Unsecured Placements/Takings) and Bonds (FGN Bonds and Other Bonds), Foreign Exchange and Money Market Derivatives. These figures exclude primary market auctions in Treasury Bills, Bonds and Foreign Exchange.

The data, collated from the weekly trade data submissions by FMDQ Dealing Members, represents trades executed between Dealing Members, Dealing Members & Clients, and Dealing Members & the Central Bank of Nigeria.

Kindly contact the Memberships & Subscriptions Group at mbg@fmdqgroup.com for access to historical information.

JAN. - SEP. 2024 MARKET TURNOVER REPORT

Product Category (₦'mm) ($'mm)
Foreign Exchange 115,901,249 79,556
Foreign Exchange Derivatives 30,453,775 22,018
Treasury Bills 31,002,643 21,946
OMO Bills 32,748,587 22,746
CBN Special Bills 2,929,215 2,337
FGN Bonds 18,083,661 13,021
Promissory Notes 22,203 18
Other Bonds* 8,318 7
Eurobond 446,435 309
Repurchase Agreements/Buy-Backs 82,861,100 57,940
Unsecured Placements/Takings 455,719 328
Money Market Derivatives 350 0
Commercial Papers - -
Sukuk Bonds 650,004 503
Total 315,563,259 220,728
- - -
- - -
No. of Business Days 184 184
Average Daily Turnover 1,715,018 1,200

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Average YTD $/₦ @1,578.81
mm – million
*Other Bonds include Agency, Sub-national, Corporate & Supranational Bonds
Note: Figures may be subject to change due to potential adjustments from Dealing Member (Banks)
Source: FMDQ Data Portal as @ October 9, 2024; Figures reported by Dealing Member (Banks) on a week-ending basis

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