The Nigerian debt capital market is set to witness a boost following the transformation of the FMDQ OTC Securities Exchange to a full-fledged securities exchange from an over-the-counter (OTC) market.
Financial market operators, analysts and other stakeholders said that given the performance of the FMDQ in deepening the DCM in the last five years, more funds and liquidity would be created going forward.
According to a market operator, Mr. Ayo Oguntayo, the coming on board of FMDQ had encouraged more debt raising because investors increased demand for the securities realizing the fact that there is platform to efficiently trade those securities.
“The transparency and orderliness FMDQ has brought to the fixed income securities market generally is overwhelmingly commendable. I am very positive that transforming into a full-fledged securities exchange would further enhance its capacity and capabilities to deepen the…
Source: Thisday Newspaper