FMDQ Securities Exchange to Provide Long-term Funding for SMEs

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Chinazor Megbolu
FMDQ Securities Exchange Plc, which recently transformed into a full-blown securities exchange, has said it will create new entities that will assist in the development of the nation’s economy.

Managing Director of FMDQ Securities Exchange Plc, Mr. Bola Onadele.Koko, who said this at a media briefing in Lagos, explained that the new securities exchange would work with Small and Medium Enterprises (SMEs) and private companies to create new entities for the future.
According to him, FMDQ’s decision to go into the equities market was to work and nurture SMEs and private companies in Nigeria that had no access to long-term financing.

Onadele said: “We are not playing the game of attacking the NSE. That is not our role or our job or the way we do business. Rather we are looking at how to create new entities for the future, to work and nurture them, to work with SMEs, private companies in Nigeria who has not had access to long term…



Source: Thisday Newspaper