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FMDQ OTC Securities Exchange has entered into a partnership with Thomson Reuters, a multinational Canadian media and information firm, to boost liquidity and improve the Nigerian financial market for local and international investors. This was confirmed by Bola Onadele Koko, Managing Director of FMDQ OTC Securities Exchange
. The partnership should enable Reuters, world leader in information, to provide FMDQ with access to its innovation laboratory in Cape Town, South Africa. will stimulate innovation on forex, fixed income securities, risk management and the financial market. The collaboration will also include holding joint financial market events that promote transparency and liquidity as well as professional training to educate the market.
Koko says:
"We are happy to formalize our partnership with Thomson Reuters The development of Nigerian financial markets."
Recently, in order to boost its operations, FMDQ OTC Plc's stakeholders have agreed to unanimously with the board of directors of the company to raise capital of N5 billion. However, a date still has to be disclosed to the public for fundraising, but the company's president, Dr. Joseph Nnanna, has said that the fund would consist of a mix of rights and rights. 39, public offer.
the fund would be increased in portions and used for the development of products and subsidiaries.
About FMDQ OTC
With the strategic intent to bring about revolutionary changes and foster the development of Nigerian financial markets, FMDQ OTC is the first
Registered by the Securities and Exchange Commission (SEC) in 2012, and launched into the Nigerian financial landscape in November 2013, FMDQ has the dual responsibility of a securities company. the Exchange and Self-Regulatory Organization (SRO), and groups Nigeria's fixed income and foreign exchange activities under a single market governance structure. [19659010]
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