FMDQ Depository

Who We Are

FMDQ Depository Limited (FMDQ Depository), registered by the Securities and Exchange Commission, Nigeria, was established as a wholly owned subsidiary of FMDQ Group 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 provide a safe depository for financial markets assets, as well as facilitate settlement of capital market transactions.

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 FMDQ Group. With FMDQ Depository, FMDQ Group consummates its objective of becoming a one-stop Financial Market Infrastructure (FMI) Group 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 a foremost and diversified Depository in Africa by 2025”


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

Our Core Values

Teamwork and Collaboration





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

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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.

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FMDQ Depository organisation structure is designed to ensure coordination and utilisation of available resources towards the execution of the Company’s mandate.

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

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The Management Team is made of experienced professionals working together to execute the Company’s strategy.


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Phone:  +234-907-004-7622
+234-1-7008 560
+234-1-7008 559


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