• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

FMDQ’s turnover hits N24.03trn in September

The Matters Press by The Matters Press
November 6, 2021
Reading Time: 1 min read
0
FMDQ’s turnover hits N24.03trn in September

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

FMDQ Securities Exchange Ltd. has recorded a turnover of N24.03 trillion in the Fixed Income and Currency (FIC) markets in the month of September.

According to the monthly FIC report released by from FMDQ on Friday, the turnover represented an increase of 94.89 percent (N11.70 trillion) in contrast with N12.33 trillion recorded in August.

A breakdown of the report indicated that foreign exchange (FX) and money market transactions remained the highest drivers of the FIC markets in September, accounting for 54.22 per cent of the turnover.

The report showed that the turnover of Foreign Exchange (FX) during the period stood at N7.05 trillion or 17.08 billion dollars, representing a month-on-month (MoM) increase of 87.08 per cent from 7.95 billion dollars posted in August.

The MoM increase in total FX market turnover was jointly driven by the 68.61 per cent (3.33bn dollars) and 108.02 per cent (4.62bn dollars) MoM increase in FX Spot and FX Derivatives turnover respectively in September.

Open Market Operations and CBN Special Bills’ contribution to FIC’s turnover increased by 12.52 points to 23.96 per cent.

Also, the MoM increase in FX Derivatives turnover was driven by MoM increase in turnover across all product types; FX Swaps (34.32 per cent ), FX Forwards (54.75 per cent), FX Futures (840.07 per cent) and Other Derivatives (128.88 per cent).

Consequently, the contribution of FX Derivatives to total FX market turnover increased by 5.25ppts to 52.12 per cent in September.

At FX Market, the naira depreciated against the dollar, losing 0.31 per cent or N1.26) to close at an average of dollar/N412.75 in September from dollar/N411.49 recorded in August.

Also, the naira traded within a range of dollar/N410.67 – dollar/N414.90 in September compared to dollar/N410.80 – dollar/N412.00 recorded in August.

Tags: FMDQ
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Nigeria loses $25b to foreign ship owners

WACT urges reduction of 35 days dwell time for efficiency at seaports

What Central Bank did to First Bank, experts excited as new directors emerge

Shareholders urge First Bank Holdings to prioritise investors’ interest

Recommended Stories

74 directors bow out of FCTA, FCDA

74 directors bow out of FCTA, FCDA

March 10, 2024
22 African nations in debt crisis

Nigeria’s public debt hits N39trn

March 17, 2022
Jaiz Bank’s profit increases by 27.6% in six months

Jaiz Bank gets new MD

September 19, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us