July 30, 2018

FMDQ, Reuters partner to strengthen financial market

Nigerian Stock Exchange SEC)

Nigerian Stock Exchange NSE

Thomson Reuters, the world’s leading source of information for businesses and professionals, and FMDQ OTC Securities Exchange have announced a strategic collaboration to deepen capacity to help drive liquidity and enhance the visibility of the Nigerian financial market for domestic and international investors.

Making the announcement at a signing ceremony, the two organisations committed to join forces to help drive Nigeria’s global competitiveness and visibility to global investors.

Stock Market

Part of the action plan includes conducting joint financial markets events that promote transparency and liquidity as well as skills training to educate the market.

As part of this partnership, Thomson Reuters and FMDQ will work closely across their continental and global offices including providing FMDQ access to Thomson Reuters’ Innovation Lab in Cape Town, South Africa to drive innovation in fixed income, risk management and the financial market.

Mr. Bola Onadele. Koko, Managing Director/CEO, FMDQ OTC Securities Exchange said: “We are pleased to be formalising our partnership with Thomson Reuters as we cooperate towards the development of the Nigerian financial markets.

“Having sought a like-minded company with similar values and drive to FMDQ, I believe that this partnership will see both parties leveraging on the knowledge, experience, expertise and uniqueness of each other, in a bid to deepen the markets’ capacity and enhance its visibility to domestic and international investors.”

Sneha Shah, Managing Director for Africa at Thomson Reuters said: “Thomson Reuters has been investing in Nigeria and Africa for over 100 years, and has worked closely with FMDQ and the Central Bank of Nigeria, CBN, to support the development of the market over the years.

FMDQ has been a key driver of many of the financial market innovations coming from Nigeria and these are going to be important for other developing markets as well.”