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.

JAN. - MAR. 2024 MARKET TURNOVER REPORT

Product Category (₦'mm) ($'mm)
Foreign Exchange 36,098,419 25,525
Foreign Exchange Derivatives 16,703,330 12,831
Treasury Bills 11,762,846 8,597
OMO Bills 8,561,901 6,639
CBN Special Bills 2,788,042 2,222
FGN Bonds 6,652,111 5,236
Promissory Notes 12,728 12
Other Bonds* - -
Eurobond 162,159 118
Repurchase Agreements/Buy-Backs 27,419,960 20,474
Unsecured Placements/Takings 86,785 83
Money Market Derivatives - -
Commercial Papers - -
Sukuk Bonds 290,938 263
Total 110,539,220 81,998
- - -
- - -
No. of Business Days 63 63
Average Daily Turnover 1,754,591 1,302

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Average YTD $/₦ @1,315.96
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 @ April 5, 2024; Figures reported by Dealing Member (Banks) on a week-ending basis

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