Market Turnover

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.

JANUARY - December 2022 MARKET TURNOVER REPORT

Product Category (₦'mm) ($'mm)
Foreign Exchange 36,939,168 86,136
Foreign Exchange Derivatives 27,678,533 64,555
Treasury Bills 16,424,862 38,211
OMO Bills 31,886,137 74,556
CBN Special Bills 19,004,302 44,610
FGN Bonds 13,981,136 32,770
Promissory Notes 1,000 2
Other Bonds* 15,182 36
Eurobond 446,429 1043
Repurchase Agreements/Buy-Backs 52,346,800 122,366
Unsecured Placements/Takings 1,148,088 2,701
Money Market Derivatives 13,929 32
Commercial Papers 200 0
Total 199,885,766 467,018
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No. of Business Days 248 248
Average Daily Turnover 805,991 1,883

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Average YTD $/₦ @421.98
mm – million
*Other Bonds include Agency, Sub-national, Corporate, Supranational Bonds & Promissory Notes
Note: Figures may be subject to change due to potential adjustments from Dealing Member (Banks)
Source: FMDQ Data Portal as @ January 6, 2023; Figures reported by Dealing Member (Banks) on a week-ending basis

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