FMDQ Daily Quotations List (DQL) includes USD/Naira products, Federal Government of Nigeria bonds, Supra-national, Agency, State Government and Corporate Bonds, Nigerian Treasury Bills and other Money Market Instruments e.g. Commercial Papers.
The DQL provides closing prices for all trading products and model prices of non-trading fixed-income securities calculated by applying a derived risk premium on the sovereign risk-free yield curve. The DQL also provides market-indicative rates/prices for products trading but with low liquidity.
It is the official source for the Nigerian OTC market indexes and Fixings, namely the Nigerian Inter-Bank Offered Rate (“NIBOR”), the Nigerian Inter-Bank Treasury Bills’ True Yields Fixing (“NITTY”) and the Nigerian Autonomous Foreign Exchange Fixing (“NAFEX”).