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 2019 Market Turnover

Product Category(₦’mm)($’mm)
Foreign Exchange3,903,097
10,737
Foreign Exchange Derivatives2,839,575 7,814
Treasury Bills4,249,19811,690
FGN Bonds2,760,140 7.593
Other Bonds*1,500 4
Eurobonds10,21128
Repurchase Agreements/Buy-Backs2,577,4657,091
Unsecured Placements/Takings104,657 288
Money Market Derivatives
Commercial Papers
Total 16,445,843 45,245
No. of Business Days1818
Average Daily Turnover913,6582,514
 Average YTD $/₦ @ 361.95 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 3, 2020; Figures reported by Dealing Member (Banks) on a week-ending basis