FMDQ Group house owners of Nigeria’s mounted revenue securities trade FMDQ have confirmed plans to launch its equities market inserting it in direct competitors with the NGX.
The Chairman of FMDQ Group Plc, Dr. Jibril Aku, additionally revealed that the Trade elevated the holding interval for long-term buyers from 12 to 21 months with the introduction of long-dated FX Futures contracts.
The replace was disclosed in a press launch summarizing key highlights from the corporate’s thirteenth Annual Basic Assembly (AGM).
Dr. Aku defined that in 2024, the Trade labored to offer higher flexibility for buyers preferring long-dated FX Futures devices.
He added that the Trade additionally launched a brand new value discovery mechanism to enhance commerce execution by way of its proprietary buying and selling platform, PenDealer.
On the depository facet, the assertion reported stable progress.
“The Qex Depository System, launched in 2023, now serves 47 individuals. Whole securities lodged within the depository climbed to 150 securities valued at N1.28 trillion, up from N1.25 trillion.”
Trying forward, FMDQ’s outgoing Chief Govt Officer, Bola Onadele Koko, confirmed plans to launch the FMDQ Fairness Market and the Unsponsored Depositary Receipts Market.
“FMDQ will prioritise the activation of the FMDQ Fairness Market,” he mentioned, reaffirming the Group’s dedication to increasing its choices and deepening Nigeria’s capital markets.
The launch will put FMDQ in opposition to the NGX which has been the only real equities market trade for years. Makes an attempt to launch competing exchanges have failed up to now.
For instance the Abuja Inventory Exchanged launched in 2001 however was closed quickly after by the federal government.
The NGX has skilled spectacular traction in 2025 with market capitalization nearing N100 trillion mark.
FMDQ mounted revenue trade is the biggest in Nigeria and contributed considerably to the large progress in group income. For instance, whereas FMDQ generated a income of N34.29 billion in 2024, NGX generated N16.8 billion.
The NGX additionally has a set revenue securities enterprise however lags compared to the FMDQ in terms of market capitalization.
FMDQ Trade mentioned it can deal with activating the repurchase settlement marketplace for short-term funding, in addition to launching its fairness market and unsponsored depositary receipts market.
Within the personal markets phase, the Group will introduce the ARTIS DealRoom, a digital platform geared toward linking distributors with institutional buyers to enhance provide chain deal-making effectivity.
In line with the trade, these steps are supposed to help its subsequent section of operations, with a deal with agility and innovation.
For 2024, the Group reported a pre-tax revenue of N23.2 billion, up 66.54%, primarily on account of increased treasury revenue.
FMDQ’s 2024 efficiency was supported primarily by a pointy enhance in treasury revenue, which rose to N16.2 billion from N3.2 billion in 2023, and different revenue, which elevated to N15.5 billion from N7.4 billion.
Appearing Chief Govt Officer of FMDQ Group, Ms. Kaodi Ugoji, famous that these outcomes replicate the contributions of the Group’s stakeholders, together with shareholders, regulators, members, and market individuals, whose collaboration helps the Nigerian {financial} market.
