FMDQ OTC Securities Exchange, Nigeria’s foremost debt capital securities exchange and Channels Television (Channels TV) last week launched the FMDQ Price Ticker Tape on Channels TV. The FMDQ Price Ticker Tape on Channels TV, an unprecedented initiative of the securities exchange, will provide Channels TV viewers, local and international, with up-to-date information on the FMDQ Fixings (the Nigerian Inter-Bank Offered Rate (NIBOR), the Nigerian Inter-Bank Treasury Bills True Yield (NITTY) and the Nigerian Inter-Bank Foreign Exchange Fixings (NIFEX)); as well as intraday and closing prices of Benchmark bonds and treasury bills traded on the Exchange. The ticker tape on which is a complimentary to the Price Ticker Tapes on FMDQ’s website will be broadcast to a wider and more diverse audience via the extensive reach of Channels TV’s coverage.
In addition to launching the FMDQ Price Ticker Tape on Channels TV, the event also signaled the beginning of a partnership between FMDQ and Channels TV, in their joint quest to transform the Nigerian financial markets landscape through the provision and dissemination of current and accurate market data to the investing public around the globe.
Speaking on the partnership, the Managing Director/CEO of FMDQ, Mr. Bola Onadele. Koko, said: “The partnership between the securities exchange and a TV station is one that we have desired and thought through for so many months in FMDQ and we were quite clear on the quality of the TV station we wanted to partner with.”
According to him, the decision to partner Channels was easy because of its reach, with over 20 million local and international viewers and its coverage of a wide range of news segments, including business, politics and entertainment.
Also speaking, the Chairman/CEO of Channels Media Group, Mr. John Momoh, said “We are really excited that we are expanding our coverage footprints to FMDQ OTC Securities Exchange, the home of listed government and corporate bonds and traded securities, including bonds, treasury bills, currencies and derivatives. This partnership couldn’t have been more timely, coming at a time when the Nigerian government is focusing intensely on investment inflows, domestic and overseas finance and offerings, to revitalise the economy.”
The launch was witnessed by the Director of Financial Markets Department, Central Bank of Nigeria, Mr. Emmanuel Ukeje and the General Manager, Special Duties, Channels TV, Mr. Steve Judo, among others.