FMDQ Depository

Who We Are

FMDQ Depository Limited, a depository registered by the Securities and Exchange Commission, Nigeria, was established as a wholly owned subsidiary of FMDQ Group (FMDQ) to provide collateral caching and settlement services in the Nigerian financial market; complementing the clearing function discharged by FMDQ Clear Limited and offering market participants an unrivalled opportunity to experience enhanced straight-through-processing. FMDQ Depository is positioned to significantly reduce principal risks in the nation’s financial markets by linking securities and cash in a way that enhances delivery versus payment, thus facilitating seamless settlement finality. The activation of this FMDQ entity completes the value chain of pertinent market infrastructure in the Nigerian financial market, particularly the post-trade spectrum, following the introduction and operationalisation of FMDQ Clear Limited, also a wholly owned clearing and settlement subsidiary of the Exchange. With FMDQ Depository, FMDQ Exchange consummates its objective of becoming a one-stop platform providing:

    • (i) Robust capital formation platform and trading venue –FMDQ Exchange
    • (ii)  Fully integrated central clearing house – FMDQ Clear
    • (iii) Dependable technology-driven asset depository – FMDQ Depository
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                                                                                      “To be the Nigerian Depository of choice by 2024”



                                             “We collaborate to empower markets for economic progress towards delivering prosperity”


We are a client focused depository, offering excellent and seamless services, and affording market participants the unique opportunity to benefit from our efficient processes.

Our Members are institutional participants that hold in custody and administer securities or an interest in securities on behalf of an investor(s) or themselves.


The FMDQ Depository Board of Directors is responsible for setting the operational and governance architecture for the Depository.

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Phone:  234-1-7008 560 or +234-1-7008 559


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