Market Turnover Report

Summary

FMDQ, in its capacity as market organiser of the Nigerian OTC 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.

December 2020 Market Turnover

Product Category(₦’mm)($’mm)
Foreign Exchange2,848,9817,212
Foreign Exchange Derivatives4,938,52412,502
Treasury Bills1,942,9854,919
OMO Bills3,899,3999,872
FGN Bonds2,050,1545,190
Other Bonds*218,402553
Eurobonds11,45929
Repurchase Agreements/Buy-Backs3,419,2558,656
Unsecured Placements/Takings543,4471,376
Money Market Derivatives16,40042
Total19,889,007
50,351
No. of Business Days2222
Average Daily Turnover904,0462,289
 Average YTD $/₦ @ 382.09
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, 2021; Figures reported by Dealing Member (Banks) on a week-ending basis