FMDQ approves Wema Bank’s N50bn commercial paper

FMDQ approves Wema Bank’s N50bn commercial paper


FMDQ over-the-counter Securities Exchange has admitted the N50.00 billion commercial paper programme of Wema Bank Plc on its platform.

This initiative strategically positions Wema Bank to easily and quickly raise short-term finance from the debt market at a time in the future it determines suitable, through CP issues, within the programme limit.

FMDQ has continued to maintain its support for the development of the Nigerian debt capital markets by steadfastly availing its efficient platform for the registration, listing, quotation and trading of debt

In line with the strategic objectives of the OTC Exchange to support institutional growth and stimulate continuous development of the Nigerian economy at large.

However, FMDQ also said it had concluded all arrangements to host the 2017 Nigerian Debt Capital  Markets Conference on September 28, 2017, to avail local and international market participants a well-rounded platform to discuss and strategise on actionable steps to effectively position the Nigerian DCM for growth within the global financial markets space.

FMDQ has shown its steadfastness in aligning the Nigerian financial markets to international standards, and has, through the promotion of product innovation and the championing of key market  development initiatives, continued to ensure that opportunities abound for the markets under its purview.