FMDQ Exchange Market Turnover

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 - MAY 2025 MARKET TURNOVER REPORT

Product Category (₦'mm) ($'mm)
Foreign Exchange 106,658,349 68,653
Foreign Exchange Derivatives 14,462,105 9,313
Treasury Bills 23,445,276 15,128
OMO Bills 49,757,315 31,969
CBN Special Bills - -
FGN Bonds 12,649,463 8,177
Promissory Notes - -
Other Bonds* 0 0
Eurobond 478,585 303
Repurchase Agreements/Buy-Backs 74,841,318 48,366
Unsecured Placements/Takings 16,910 11
Money Market Derivatives - -
Commercial Papers - -
Sukuk Bonds 188,076 122
Total 282,497,397 182,041
- - -
- - -
No. of Business Days 102 102
Average Daily Turnover 2,769,582 1,785

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Average YTD $/₦ @1,524.17
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 @ June 10, 2025; Figures reported by Dealing Member (Banks) on a week-ending basis

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