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.

January 2019 Market Turnover

Product Category(₦’mm)($’mm)
Foreign Exchange 3,468,916
10,551
Foreign Exchange Derivatives 1,840,061
5,056
Treasury Bills 6,560,171
18,024
FGN Bonds 701,203
1,927
Other Bonds*110
Eurobonds 15,091
41
Repurchase Agreements/Buy-Backs 2,448,160
6,726
Unsecured Placements/Takings 49,950
137
Money Market Derivatives--
Commercial Papers--
Total 15,083,563 41,443

No. of Business Days1919
Average Daily Turnover 793,872
2,181
$/₦ @ 363.96
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 @ Feb 7, 2019; Figures reported by Dealing Member (Banks) on a week-ending basis