By Chinwendu Obienyi
The FMDQ Securities Exchange Limited said it has admitted one hundred and two (102) securities, valued at N3.36 trillion, on its platform so far in the year 2022.
The exchange revealed this in a statement obtained by Daily Sun over the weekend. According to the exchange, the admission is in tune with its commitment to accelerate the development of the Nigerian debt markets by providing a reliable and credible platform to support capital formation.
It said, “The successful admittance of one hundred and two securities, valued at N3.36 trillion, on its platform so far in 2022 attests to the efficient and uniquely tailored listing and quotation service offered by FMDQ Exchange”.
The Exchange through its Board Listings and Markets Committee, welcomed the registration of the Nigerian Breweries (NB) Plc N100.00 billion Commercial Paper (CP) Issuance Programme on its platform.
It noted that Nigerian Breweries Plc which is the pioneer and largest brewing company in Nigeria, engaged in the making and selling of lager, stout, non-alcoholic malt, and soft drinks, operates over 10 breweries and approximately 2 malting plants across the country.
It added that through the registration of the CP Programme, which is sponsored by Stanbic IBTC Capital Limited (the Lead Sponsor), FCMB Capital Markets Limited and FBNQuest Merchant Bank Limited, all Registration Member (Quotations) of the Exchange, the issuer (NB) is availed the opportunity to raise short-term finance from the Nigerian debt markets at a time it deems suitable, through CP issuances within the CP Programme limit.
“ As a securities exchange with a commitment to facilitate growth and development in the Nigerian debt markets and the Nigerian economy at large, FMDQ Exchange will continue to promote an efficient, transparent, and well-regulated market, which will attract and retain both domestic and foreign investors”, FMDQ said.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure (“FMI”) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.