Dipo Olowookere
By Dipo Olowookere
A total of N17.03 billion Commercial Paper notes of Wema Bank have been quoted on the platform of FMDQ.
FMDQ admitted the notes N3.41 billion Series 1 and N13.62 billion Series 2 CP Notes under Wema Bank’s N50.00 CP Issuance Programme.
Commenting on this development, which occurred last month, the FDMQ said the “timely admission of these CP issues, and in general, all securities on FMDQ, is a testament of the efficiency of the FMDQ securities quotation process.”
The quoted CPs are availed global visibility and governance by FMDQ.
In addition, FMDQ offers credibility and improved transparency of information, as part of the OTC Exchange’s Listings and Quotations Service value-add.
FMDQ says it is positive about the possibilities of the Nigerian debt capital market (DCM), and will continue to articulate, with the support of its key stakeholders, ways to improve and make the Nigerian markets globally competitive, operationally excellent, liquid and diverse, in line with its mission to empower the financial markets to be innovative and credible, in support of the Nigerian economy.
