Nigerian OTC market transactions reach new highs of N13.42trn

Nigeria’s Fixed Income and Currency (FIC) markets transactions grew to N13.42trillion last month, a remarkable 10.50percent or N1.27trillion increase when compared to N12.15trillion in the preceding month, FMDQ OTC Monthly shows.
The report, which is an analytical summary of the trading activities as recorded in the various segments of the Nigerian OTC markets: Foreign Exchange (FX), Treasury Bills (T-Bills), Bonds and Money Market (Secured and Unsecured Placements & Takings) over the course of a given month.
The FMDQ trading activities summary shows the Fixed Income and Currency market turnover was N8.58trillion as at March 2016, indicating 56.4percent or N4.84trillion growth within one year.
The OTC market surveillance shows that number of executed trades captured on the E-Bond trading platform for the month of March 2017 amounted to 24,047 as against 22,345 recorded in February. As at March 2016, the number of executed trades stood at 15,738.

Iheanyi Nwachukwu