FMDQ OTC Securities Exchange, in Collaboration with Channels Television, Launches the FMDQ Price Ticker Tape on Channels TV. FMDQ OTC Securities Exchange (“FMDQ” or “the Exchange”), Nigeria’s foremost debt capital securities exchange and Channels Television (Channels TV), Nigeria’s business news leader and multiple award winning station, on Thursday, February 25, 2016, commemorated the Activation of the FMDQ Price Ticker Tape on Channels TV. The event which was aired live on Channels TV, had in attendance, the Chairman/CEO of Channels Media Group, Mr. John Momoh (OON), the General Manager, Special Duties, Channels TV, Mr. Steve Judo, the Director of Financial Markets Department of the Central Bank of Nigeria, Mr. Emmanuel Ukeje and the Managing Director/CEO of FMDQ, Mr. Bola Onadele. Koko, amongst other Executives of Channels TV and FMDQ.
The FMDQ Price Ticker Tape on Channels TV, an unprecedented initiative of the securities exchange, will provide Channels TV viewers, local and international, with up-to-date information on the FMDQ Fixings (the Nigerian Inter-Bank Offered Rate (NIBOR), the Nigerian Inter-Bank Treasury Bills True Yield (NITTY) and the Nigerian Inter-Bank Foreign Exchange Fixings (NIFEX)); as well as intraday and closing prices of Benchmark bonds and treasury bills traded on the Exchange. The FMDQ Price Ticker Tape on Channels TV, which is a complimentary to the Price Ticker Tapes on FMDQ’s website and on permanent display on the Exchange’s office building in Lagos, will be broadcasted to a wider and more diverse audience via the extensive reach of Channels TV’s coverage.
In addition to launching the FMDQ Price Ticker Tape on Channels TV, the event also signaled the beginning of a partnership between FMDQ and Channels TV, in their joint quest to transform the Nigerian financial markets landscape through the provision and dissemination of current and accurate market data to the investing public around the globe. This partnership, which is geared towards bringing transparency to the Nigerian financial markets (debt capital and currencies) is a welcome development to the Exchange, its media partner, Channels TV and the investing public, at large.
During his welcome speech, Mr. Bola Onadele.Koko, the Managing Director/CEO of FMDQ, said “The partnership between the securities exchange and a TV station is one that we have desired and thought through for so many months in FMDQ and we were quite clear on the quality of the TV station we wanted to partner with.” He further said that “The decision to partner with Channels was easy because of its reach, with over 20 million local and international viewers and its coverage of a wide range of news segments, including business, politics and entertainment. Mr. John Momoh (OON), the Chairman/CEO of Channels Media Group, during his Special Address, said “We are really excited that we are expanding our coverage footprints to FMDQ OTC Securities Exchange, the home of listed government and corporate bonds and traded securities, including bonds, treasury bills, currencies and derivatives. This partnership couldn’t have been more timely, coming at a time when the Nigerian government is focusing intensely on investment inflows, domestic and overseas finance and offerings, to revitalise the economy.”
Following the live broadcast of the unveiling of the FMDQ Price Ticker Tape on Channels TV, Vice President & Divisional Head, Strategy & Corporate Services, FMDQ, Ms. Kaodi Ugoji, delivered a presentation, to the audience, on FMDQ, its markets, and contribution to the Nigerian financial markets. Other highlights of the Ceremony included the signing of the FMDQ Visitors’ Register by Mr. Momoh, and the presentation of FMDQ’s tombstone to Channels TV to mark the beginning of a fruitful partnership.
This prestigious Ceremony, which was broadcasted live from FMDQ’s offices, was hosted on one of Channels TV’s flagship business shows, Business Morning, and anchored by the Head, Channels Business News, Mr. Boason Omofaye.