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 2019 Market Turnover

Product Category(₦’mm)($’mm)
Foreign Exchange4,344,951
11,994
Foreign Exchange Derivatives2,219,5806,127
Treasury Bills8,491,25023,439
FGN Bonds963,8452,661
Other Bonds*3,734 10
Eurobonds20,49257
Repurchase Agreements/Buy-Backs 2,888,7327,974
Unsecured Placements/Takings96,111 265
Money Market Derivatives182,000502
Commercial Papers
Total 19,210,695 53,029
No. of Business Days2020
Average Daily Turnover 960,5352,651
 Average YTD $/₦ @ 361.65
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 11, 2019; Figures reported by Dealing Member (Banks) on a week-ending basis