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 – March 2019 Market Turnover

Product Category(₦’mm)($’mm)
Foreign Exchange 15,992,291
44,205
Foreign Exchange Derivatives 7,969,908
22,027
Treasury Bills 24,786,254
68,466
FGN Bonds 3,232,211
8,933
Other Bonds*132
0
Eurobonds 45,763
126
Repurchase Agreements/Buy-Backs 10,918,872
30,179
Unsecured Placements/Takings 290,577
803
Money Market Derivatives7,50021
Commercial Papers--
Total 63,243,509 174,761

No. of Business Days6464
Average Daily Turnover 988,180
2,731
$/₦ @ 362.25
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 @ Apr 5, 2019; Figures reported by Dealing Member (Banks) on a week-ending basis