24.3 C
Lagos
Thursday, October 1, 2020
- Advertisement -

FMDQ Lists Dangote Cement’s N100bn commercial Paper

Opinion

Development of Nigeria’s Digital Economy Anchored on Eight Pillars – A Speech by Isa Patanmi

I am highly delighted to launch the Digital Nigeria Portal and Mobile App as part of the implementation of our National Digital...

Why I Made TIME100 Most Influential People of 2020

Not every day do you wake up to this —honoured to be named to the 2020 Time100 from TIME. This has been...

Subsidizing the Naira Blocks Nigeria’s Economic Takeoff By Kingsley Moghalu

The Naira should be floated to find its exchange rate value on the market if Nigeria’s economy is to become productive, instead...

Africa, AfCFTA, The Private Sector and The Way Forward By Abdul Samad Rabiu

I start by congratulating African leaders on the opening of the AfCFTA secretariat last month. I believe the secretariat will further help...

FMDQ Securities Exchange Limited has announced the admission of Dangote Cement N100 billion Commercial Paper (CP) on its platform. FMDQ Securities Exchange Limited on Tuesday announced the admission of Dangote Cement N100 billion Commercial Paper (CP) on its platform.
fbn_open_account

Specifically, FMDQ announced the approval and admission of Dangote Cement’s N34 billion Series 15 and N66 billion Series 16 Commercial Paper (CP) notes, on its platform. The company said in a statement in Lagos that the CP notes was under Dangote Cement N150 billion Domestic CP Issuance Programme. FMDQ said the issuance and subsequent quotations of Dangote Cement CP was the largest issued by a non-financial institution in Nigeria on its platform. It said that the development was another testament of the efficient listings and quotations service offered by FMDQ Exchange.

FMDQ said that the Exchange would continue to position the Nigerian capital market to support corporates and businesses seeking to raise capital to finance their funding needs. “FMDQ Holdings Plc has through its subsidiary, FMDQ Exchange, continued to provide the required support to governments, corporates, and individuals through the delivery of innovative and dependable capital market solutions,” it said. The statement indicated that Dangote Cement CPs will be availed global visibility through FMDQ Exchange’s website and systems. The CPs would be included in FMDQ Daily Quotations List, in order to ensure and maintain information transparency, according to the statement.

“Through the Listings and Quotations Compliance function at FMDQ, investors are guaranteed continued disclosure of the issuer’s obligations to enable this important category of market stakeholders make informed decisions. Investors are also provided a secure securities depository for the lodgement of their assets via FMDQ Depository Limited, thus ensuring an efficient and seamless flow of transactions from start to finish on FMDQ,” it said. FMDQ Group is Africa’s first vertically integrated financial market infrastructure group which provides a one-stop platform for the seamless and cost-efficient execution, risk management, clearing, settlement and depository services, as well as data and information services across the debt capital, foreign exchange and derivatives markets in Nigeria.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Business Profiles

Akeem Lawal

Mr Akeem Lawal is a pioneering member of the Interswitch management team and is the current Divisional Chief Executive officer of Payments...

Ahmed Rady

Ahmed Rady is a managing director at Alta Semper Capital. He joined Alta Semper in 2018 as a Director. He brings more...

Olufunke Aiyepola

Olufunke Aiyepola is the chief executive of UTL Trust Management Services Limited. She studied Law at the University of Ife (now Obafemi...

Edefe Ojomo

Edefe Ojomo is a lecturer in the Department of Jurisprudence and International Law at the University of Lagos, Nigeria. She has a...

Afsane Jetha

Afsane Jetha is the Managing Partner and CEO of Alta Semper Capital, which she co-founded in 2015 alongside Ronald Lauder (Chairman of...