FMDQ secondary market turnover up 52.33% year-on-year to N46.66trn

FMDQ Exchange has released its markets monthly report for July 2025, saying that its secondary turnover was N46.66trillion.

This record secondary market turnover in July represents a month-on-month (MoM) decrease of 3.29 percent ( N1.59trillion) and a year-on-year (YoY) increase of 52.33 percent (N16.03trillion) from the turnover recorded in June 2025 and July 2024, respectively.

The report shows that total turnover for the Spot and Derivatives Market was N44.62trillion and N2.04trillion, respectively, in July 2025. Spot FX Market Turnover was $12.76billion (N19.53trillion) in July 2025, representing month-on-month (MoM) decrease of 4.15 percent ($0.55billion) from the turnover recorded in June 2025 ($13.31billion).

Insurance, consumer goods, banking stocks dip market by 0.73%

By Iheanyi Nwachukwu • August 20, 2025

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.