FMDQ Commences Year 2026 With Positivity

The Nigerian financial markets got off to a strong start in 2026, with robust activity levels and renewed across the fixed income and money markets in January.

These early signs reflect growing confidence in the market infrastructure.

According to Ms. Tumi Sekoni, Group Chief Operating Officer of FMDQ plc, the Group remains committed to enhancing transparency , operational resilience, and innovation across its platforms.

She emphasized in a statement that FMDQ Securities Exchange Limited, FMDQ Clear Limited, and FMDQ Depository Limited collectively deliver efficient price discovery, robust risk management, and reliable post-trade settlement, underpinning market integrity.

“Throughout the year, FMDQ will deepen collaboration with regulators and stakeholders to strengthen governance, enhance market liquidity, and promote sustainable growth,” she said

Ms. Sekoni expressed gratitude for stakeholders’ commitment and confidence to advancing Nigeria’s financial markets.

“Highlights of January include the FMDQ Derivatives Market’s pivotal role in advancing structured risk management .

“Derivatives provide market participants with effective risk management tools and alternative investment opportunities, supporting price discovery, competitiveness, and market efficiency, thereby attracting capital flows and deepening financial markets.

“In furtherance of FMDQ dedication to expanding access to capital for sustainable economic development.

“FMDQ Exchange approved the
listing of UAC of Nigeria PLC’s ₦54.03 billion Series 1 7-Year 17.35% Fixed Rate Bond under its ₦150.00 billion Issuance Programme.

“This approval, granted by the Exchange’s Board Listings and Markets Committee, underscores the Exchange’s pivotal role in enabling corporate entities to access long-term capital through transparent and well regulated debt instruments.

“The Exchange also admitted
Quotation of HillCrest Agro-Allied Industries Limited ₦1.51 billion Series 13 and ₦1.36 billion Series 14 Commercial Papers (“CPs”) under its ₦10.00 billion CP Programme
Quotation of Agro-Eknor International Limited ₦1.39 billion Series 3 and ₦1.06 billion Series 4 CPs under its ₦5.00 billion CP Programme

“The management approved listing of DLM Funding SPV PLC ₦7.30 billion Series 1 (Tranche A) and ₦1.70 billion Series 3 (Tranche B) Plain Vanilla Returns Federal Government of Nigeria (“FGN”) Bonds under its ₦30.00 billion Medium Term Notes Programme

“The total turnover for January – December 2025 period amounted to ₦676.71 trillion.

“Trading activities in the FX (Spot FX and FX Derivatives) market made the largest
contribution, accounting for 42.68% of overall market turnover. Repurchase Agreements (“Repos”) accounted for 24.67%, whilst transactions in OMO Bills accounted for 20.55%. Bonds, T.bills and Unsecured Placements & Takings accounted for 5.51%, 6.50% and 0.09%, respectively of over FMDQ Exchange Market Turnover for January to December 2025,” the statement read.