neoaccounting

As an OTC securities exchange focused on empowering the Nigerian debt capital market, FMDQ provides an efficient platform for the quotation, valuation and trading of Nigerian Treasury Bills (NTBs). NTBs are short-term Federal Government of Nigeria (FGN) debt instruments maturing in one year or less, sold at a discount and redeemed at par. The FGN, under the authority of the Debt Management Office (DMO), issues Treasury Bills through the Central Bank of Nigeria (CBN), to provide short-term funding for the FGN budget deficit. Through its mission to be credible and innovative in support of the Nigerian economy, FMDQ provides market transparency and global visibility to the quoted NTBs through the FMDQ Bloomberg E-Bond Trading and Surveillance System, the Quotations page on its website and the publication of the FMDQ Daily Quotations List (DQL), promoting credibility for the NTBs and enhancing investor confidence in the instruments. Secondary market liquidity is e...