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.

September 2020 Market Turnover

Product Category(₦’mm)($’mm)
Foreign Exchange1,572,9094,075
Foreign Exchange Derivatives1,771,9704,591
Treasury Bills1,489,7273,859
OMO Bills4,317,61211,185
FGN Bonds2,153,7795,580
Other Bonds*2,8197
Eurobonds23,30460
Repurchase Agreements/Buy-Backs2,476,0516,414
Unsecured Placements/Takings178,404462
Money Market Derivatives79,350206
Total14,065,925
36,439
No. of Business Days2020
Average Daily Turnover703,2961,822
 Average YTD $/₦ @ 379.71
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 @ October 5, 2020; Figures reported by Dealing Member (Banks) on a week-ending basis