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FMDQ to banks: hedge dollar-based loans

FMDQ to banks: hedge dollar-based loans

• Global derivatives market estimated at $690.37tr Commercial banks taking dollar-denominated loans should hedge the facility against risk of currency fluctuations, FMDQ OTC Securities Exchange Managing Director/CEO Bola Onadele has said. Speaking during the financial markets workshop in Lagos, he said banks borrowing dollars needed to protect themselves through hedging. “Anyone that takes foreign currency […] …

FMDA, FMDQ task govt, banks on hedging

FMDA, FMDQ task govt, banks on hedging

The FMDQ OTC Securities Exchange and Financial Market Dealers Association of Nigeria (FMDA) have urged the Federal Government, banks and other enterprises to embrace hedging to reduce the risk of exposures to unforeseen circumstances. Hedging is a risk management strategy used in limiting or offsetting probability of loss from fluctuations in the prices of commodities, […] …

FMDA, FMDQ partner on derivatives workshop

FMDA, FMDQ partner on derivatives workshop

The FMDQ OTC Securities Exchange and the  Financial Market Dealers Association (FMDA) have partnered to promote the forthcoming FMDA conference on derivatives market holding next week in Lagos. The International Swaps and Derivatives Association (ISDA) Africa Chairman, Mr. Brett Gallie,  Partner at Clifford Chance, Derivatives and Structured Trades, Mr. Matthew Grigg and   Managing Director/CEO, FMDQ […] …

Sterling Bank lists N33bn bonds on NSE, FMDQ

STERLING Bank Plc, Nigeria’s leading commercial bank has simultaneously listed the Sterling Investment Management SPV PLC ₦32.90 billion Series 2 on FMDQ OTC Securities Exchange and the Nigerian Stock Exchange (NSE). The bond which is unsecured with a tenor of seven years at a fixed rate of 16. 50 per cent is part of a […]
The post Sterling Bank lists N33bn bonds on NSE, FMDQ appeared first on Tribune Online. …

Flour Mills lists N20.11b bonds on NSE, FMDQ

Flour Mills lists N20.11b bonds on NSE, FMDQ

Flour Mills of Nigeria Plc, Nigeria’s largest flour-milling company, at the weekend listed two bonds on the Nigerian Stock Exchange (NSE) and the FMDQ OTC Securities Exchange. Flour Mills’ N10.11 billion, three-year, 15.50 per cent fixed rate senior unsecured bond due 2021 and N10 billion five-year, 16 per cent fixed rate senior unsecured bond dueRead More …

We’ve reduced transaction cost to attract investors – Uduk

We’ve reduced transaction cost to attract investors – Uduk

“I can say it has started impacting because issuers are coming and they are happy that these transaction costs have been reduced.” Chinwendu Obienyi The Nigerian capital market committee (CMC) recently held its second quarterly meeting for the year 2018. The meeting which is a periodic gathering of stakeholders in the Nigerian capital market discussed […]
The post We’ve reduced transaction cost to attract investors – Uduk appeared first on The Sun Nigeria. …

FMDQ, Thomson Reuters partner to strengthen Nigerian financial market

THOMSON Reuters, the world’s leading source of intelligent information for businesses and professionals, and Nigeria’s foremost debt capital and OTC Exchange, FMDQ OTC Securities Exchange have announced a strategic collaboration to deepen capacity to help drive […]
The post FMDQ, Thomson Reuters partner to strengthen Nigerian financial market appeared first on Tribune. …

FMDQ, Reuters partner to strengthen financial market

How Irish Newspaper Mistook Stormzy For New Man U Player, Romelo Lukaku

The Economic and Financial Crimes Commission, EFCC on Monday arraigned three officials of the Independent National Electoral Commission, INEC, at the Federal High Court sitting in Lagos and charged them with receiving N179.8 million stolen money as bribe from former oil minister, Diezani Alison-Madueke.
Continue reading FMDQ, Reuters partner to strengthen financial market at Vanguard News. …

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