FMDQ Streamlines Application Process To Boost N3tn Commercial Paper Market

The FMDQ Securities Exchange Limited has adopted technology to streamline the application process for Commercial Papers (CPs), with the market’s current value estimated at N3trn.

Mr Oluwaseun Afolabi, Divisional Head of Market Architecture at FMDQ, disclosed this during the 2024 Capital Market Correspondents Association of Nigeria (CAMCAN) annual workshop in Lagos. Themed “Banks’ Recapitalisation: Bridging the Gap Between Investors and Issuers in the Nigerian Capital Market.”