FMDQ Change executed N676.7 trillion turnover in 2025

Nigeria’s fastened revenue and international trade market recorded a complete turnover of N676.71 trillion on FMDQ Change between January and December 2025.

That is in accordance with data printed on the web site of FMDQ.

The transactions have been executed over 247 enterprise days, translating to a mean day by day turnover of N2.74 trillion and reflecting sustained participation from banks, institutional buyers and financial authorities.

The info additional present that short-term funding and financial coverage instruments dominated general market turnover in 2025, with international trade and repurchase agreements accounting for the majority of buying and selling exercise.

What the information is saying 

Complete market turnover reached N676.71 trillion ($446.18 billion) throughout 247 enterprise days, representing a mean day by day commerce of N2.74 trillion.

The breakdown of transactions highlights the dominance of foreign money trades and short-term liquidity devices.

• Overseas Change transactions totalled N254.42 trillion, representing 42.68% of general market turnover.
• Repurchase Agreements (Repos) adopted with N166.91 trillion, contributing 24.67% of complete market exercise.
• OMO Payments recorded N139.08 trillion, accounting for 20.55% of combination turnover.
• Bonds, Treasury Payments and Unsecured Placements & Takings accounted for five.51%, 6.50% and 0.09% respectively.

Collectively, Overseas Change transactions and Repos accounted for greater than N421 trillion, effectively above half of complete market turnover, indicating that short-term liquidity recycling and foreign money transactions have been the first drivers of market exercise in 2025.

Extra Insights 

Open Market Operations Payments recorded N139.08 trillion in turnover, making them the third-largest traded instrument out there.

The size of OMO exercise displays continued liquidity sterilisation efforts and the central bank’s sturdy presence in managing system liquidity.

• Treasury Payments generated N44.00 trillion in turnover whereas Federal Authorities Bonds recorded N35.31 trillion in trades.
• Overseas Change Derivatives posted N34.42 trillion, reflecting hedging exercise amid foreign money volatility.
• Eurobonds and Sukuk Bonds recorded N1.15 trillion and N815.76 billion respectively, whereas Promissory Notes amounted to N6.1 billion and Different Bonds N0.26 billion.

What they’re saying 

In a word accompanying the printed assessment of transactions in 2025, Ms. Tumi Sekoni, Group Chief Working Officer of FMDQ Group Plc, highlighted the Change’s strategic route for the yr. She emphasised collaboration and market growth as key priorities.

• “Because the yr unfolds, we’ll deepen collaboration with regulators and stakeholders to strengthen governance, improve market liquidity and promote sustainable market progress.”
• “We’re grateful for the dedication, partnership and confidence of our stakeholders and stay optimistic about what we will obtain collectively, as we proceed to advance the Nigerian monetary markets.”

What it is best to know 

The FMDQ publishes turnover knowledge based mostly on commerce submissions from its Dealing Members.

• The turnover figures cowl Overseas Change, Treasury Payments, Cash Market devices (together with Repurchase Agreements, Purchase-Backs and Unsecured Placements/Takings), Bonds (FGN Bonds and Different Bonds), in addition to Overseas Change and Cash Market Derivatives.

• The reported figures exclude major market auctions in Treasury Payments, Bonds and Overseas Change.
• The info signify trades executed between Dealing Members, Dealing Members and Shoppers, and Dealing Members and the Central Bank of Nigeria.