FMDQ Securities Exchange announces turnover in fixed income and currencies markets.
Written by News Room on February 28, 2022
FMDQ Securities Exchange has announced that turnover in the fixed income and currencies markets in January 2022 stood at 14.13 trillion naira, which represents a month-on-month decrease of 6.41 trillion naira from 20.54 trillion naira in December 2021.
The figures also represent a year-on-year increase of 8.44 per cent or 1.10 trillion naira over 13.03 trillion naira recorded in the corresponding period in January 2021, respectively.
In its January 2022 edition of markets analysis, FMDQ Exchange also said total foreign exchange market turnover in January 2022 was 4.22 trillion naira, which represents a month-on-month decrease of 38.12 per cent or 6.24 billion dollars from the turnover of 16.37 billion dollars recorded in December 2021
According to the exchange, the month-on-month decrease in total FX market turnover was driven by the 25.03 per cent or 2.18 billion dollars and 53.02 per cent or 4.07 billion dollars’ month-on-month decrease in FX spot and FX derivatives turnover respectively in January 2022.
Kevin Madu
