OTC 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 OTC 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.

July 2019 Market Turnover

Product Category(₦’mm)($’mm)
Foreign Exchange 3,078,076
8,523
Foreign Exchange Derivatives 2,169,635
6,006
Treasury Bills 6,262,732
17,341
FGN Bonds 1,289,078 3,570
Other Bonds*
Eurobonds 30,14384
Repurchase Agreements/Buy-Backs 3,375,295
9,348
Unsecured Placements/Takings 150,538417
Money Market Derivatives
Commercial Papers
Total 16,355,497 45,288

No. of Business Days2020
Average Daily Turnover 817,775
2,264
 Average YTD $/₦ @ 361.38
mm – million
*Other Bonds include Agency, Sub-national, Corporate & Supranational Bonds
Note: Figures may be subject to change due to potential adjustments from Dealing Member (Banks)
Source: FMDQ Data Portal as @ August 8, 2019; Figures reported by Dealing Member (Banks) on a week-ending basis