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Nigeria Records All-Time High Cocoa Export Earnings, Hits N1.23 Trillion in Q1 2025

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August 27, 2025

Nigeria Records All-Time High Cocoa Export Earnings, Hits N1.23 Trillion in Q1 2025

Nigeria’s cocoa export revenue surged 220% in Q1 2025 to N1.23 trillion as global price shocks boost foreign exchange and diversify earnings beyond oil

Nigeria Records All-Time High Cocoa Export Earnings, Hits N1.23 Trillion in Q1 2025

Nigeria’s economy is enjoying a major windfall from the global surge in cocoa prices, with the commodity delivering record-breaking export earnings in the first quarter of 2025.

According to the H2 2025 Norrenberger Economic Outlook, Nigeria’s cocoa export receipts jumped by 220 percent year-on-year, climbing to N1.23 trillion compared to N384.1 billion in the same period of 2024.

“This represents the highest quarterly cocoa export revenue ever recorded in the country, reflecting both elevated international prices and stronger export volumes,” the report stated.

The development reinforces cocoa’s role as a key non-oil export for Nigeria at a time when the nation is actively working to diversify away from heavy dependence on oil revenues.

Global Price Shock Driving the Boom

The surge in Nigeria’s cocoa earnings is closely linked to extreme volatility in the global cocoa market over the past 18 months. Supply shortages from Côte d’Ivoire and Ghana—the world’s two largest producers—triggered historic price rallies.

“Futures prices soared, with contracts in New York exceeding $12,000 per tonne and those in London touching $11,675 per tonne by December,” the report disclosed.

Multiple factors, including poor weather, the spread of cocoa swollen shoot virus (CSSV), dwindling inventories, and speculative trading, pushed prices upward. While cocoa briefly corrected by over 30 percent in March 2025, it rebounded by mid-June, trading as high as $11,000 per tonne before moderating to $8,101 per tonne at the end of June—still 20 percent higher year-on-year.

Economic Impact for Nigeria

Norrenberger analysts said the earnings surge is strengthening Nigeria’s external sector:

Narrowing the current account deficit

Reducing reliance on oil-related inflows

Providing the Central Bank of Nigeria with FX support to stabilize the naira

The report also highlighted rural benefits, noting that higher cocoa receipts are stimulating local economies, creating jobs, and strengthening agricultural value chains.

Risks to Long-Term Gains

Despite the windfall, concerns remain over sustainability. The report warned that aging cocoa trees, weak financing options for farmers, and poor infrastructure could stall progress once prices normalize.

To build resilience, analysts called for greater investment in local processing to add value, expand exports, and create industrial jobs.

Market Outlook

Looking ahead, the International Cocoa Organization (ICCO) projects a 142,000 metric tonne surplus for the 2024/25 season, ending four consecutive years of deficits. Global output is forecast to rise by 7.8 percent to 4.84 million tonnes, while demand—measured by grindings—is expected to drop by 4.8 percent due to weaker consumption in price-sensitive markets. Read More

BBNaija: Zita Predicts Mensan Will Win, Says Nigerians not good at selecting winners

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August 27, 2025

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BBNaija: Zita Predicts Mensan Will Win, Says Nigerians not good at selecting winners

Big Brother Naija housemate Zita predicts Mensan will win the show, claiming Nigerians vote on “surface-level” qualities. Her Week 4 Head of House victory has stirred debate among fans

BBNaija: Zita Predicts Mensan Will Win, Says Nigerians not good at selecting winners

Big Brother Naija housemate Zita has stirred conversations both inside and outside the house with her bold prediction that fellow contestant Mensan will emerge as the eventual winner of the reality TV show.

Sharing her thoughts, Zita argued that Nigerians often vote based on “surface-level” qualities rather than deeper personality traits or strategic gameplay.

“Nigerians are not the best at selecting winners for this show, so I think Mensan will win,” she said. “Just because they no go far, Nigerians no go far, they’re surface level.”

Her comments came shortly after her notable achievement in the house, where she clinched the Head of House title for Week 4 after an intense challenge, succeeding Doris.

While her win earned her praise from some quarters, it also attracted criticism, with certain fans questioning the decision-making process and fairness of the outcome.

Zita’s remarks have since fueled heated debates among viewers on social media, with many questioning whether her prediction about Mensan’s chances could come true. Read More

Dangote installs cameras on CNG trucks, recertifying all truck drivers

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August 27, 2025

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Dangote installs cameras on CNG trucks, recertifying all truck drivers

Enforcing its zero tolerance for auto crashes, the Dangote Articulated Trucks Drivers Training School (DATDTS), in collaboration with the Federal Road Safety Corps (FRSC), is implementing stricter entry requirements for aspiring drivers.

This development comes as Dangote Cement Plc undertakes the recertification and screening of all its truck drivers at the company’s Obajana plant in Kogi State.

Speaking to newsmen at the Obajana Plant, Head of Transport, Dangote Cement Plc, Mr. Murilo Silva, said as part of efforts to promote safe driving and achieve zero road crashes, the company has since begun installing cameras across its fleet of thousands of CNG trucks. He revealed that applicants must be at least 23 years of age and possess a minimum of five years’ relevant driving experience, in addition to holding a valid Class G driver’s license.

He explained that anyone seeking employment as a truck driver must undergo a thorough examination and screening process, which includes medical evaluations and drug testing.

Mr. Silva said an applicant must have a clean criminal record, with no pending legal cases.

He added: “The Dangote Cement Plc has a Policy on Drivers Employment processes that gives the criteria on DADTS processes of engaging new drivers especially mandatory 5 years of experience and compulsory a class G license.”

According to him: “FRSC conducts on regular basis Certification and recertification trainings for drivers at the DATDTS Complex.

“The company currently has a full fledge Department for Health, Safety and Environment Assessment. It also conducts drugs and alcohol test, blood pressure test, confirms drivers fit for trips and others before making trips.”

He said the cement company has instituted certain measures to curb auto crashes.

According to him, drivers’ participation in the company’s monthly training programme has grown by 60% this year, with drug and alcohol testing up by 40%, while pre-trip inspections have recorded an impressive 74% increase.

Earlier, the Divisional Head of Transport at DCP Obajana, Mr. Hemant Rana, disclosed that the company has established a multi-million-naira Pre-Trip Inspection Bay, staffed with engineers and mechanics, to ensure thorough inspection of trucks before they embark on journeys.

He said: “We have built a Drivers Rest House for Drivers to rest after making trips and before embarking on new trips.”

Mr. Rana explained further that: “We have developed a monitoring system of our drivers that helps them do their jobs safely. We have Drivers Help Desk Units that follow up with drivers’ situations while on trips. We also have a Control Department that follows up with drivers’ behaviour while on trips.”

The Manager of the Dangote Articulated Truck Drivers Training School, Mr. Daniel Marcus Akuso, said that the institution is the first of its kind in Nigeria, adding that programmes are being implemented in collaboration with the Federal Road Safety Corps (FRSC).

He said some of the courses offered in the school include: Civic Education, English, Mathematics, Defensive Driving, Truck Handling, Maintenance Technology, DCT Administration Procedures, Root Cause Analysis, Health and Science, Road Signs and Codes, among others.

The Group Managing Director of Dangote Cement Plc, Arvind Pathak had told newsmen in Lagos that no less than 1,500 Dangote Cement truck drivers have undergone intensive screening exercises to ascertain their mental, psychological and physical fitness for safe driving.

He explained that the screening exercise has been made mandatory for the drivers, but it had to be more intensive given the situation on the roads across the country.

“Every driver employed by Dangote Cement is required to undergo an extensive and rigorously structured recruitment process that includes: Valid Driver’s license class G, background verification of both the driver and their guarantors, comprehensive medical evaluation, including vision screening (eye test), blood pressure checks, BMI -body mass index, RBS – random blood sugar test as well as drug and alcohol testing,” he said.

Imo Sets Pace as Governor Uzodimma Raises Minimum Wage to N104,000, Doctors’ Pay to N582,000

Lukman Omikunle

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August 27, 2025

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Governor Hope Uzodimma has increased Imo State’s minimum wage to N104,000 and doctors’ salaries to N582,000, citing improved revenue and federal allocations

Imo Sets Pace as Governor Uzodimma Raises Minimum Wage to N104,000, Doctors’ Pay to N582,000

Imo State has become the first in Nigeria to approve such a sharp wage increase, positioning itself as a reference point in the ongoing debate over living wages and workers’ welfare.

With a new minimum wage of N104,000 and medical doctors now earning N582,000 monthly, Governor Hope Uzodimma’s move is expected to spark conversations across the country about wage restructuring, especially as inflation continues to bite.

The decision not only boosts civil service morale in Imo but also challenges other state governments — and even the federal government — to respond to mounting labour demands nationwide.

The governor disclosed this during a meeting with members of the state labour force at the Government House in Owerri.

In a related development, Uzodimma also revealed that the monthly salary of medical doctors in the state civil service has been increased to N582,000.

Explaining the rationale behind the wage review, the governor said the decision was driven by the state’s growing internally generated revenue (IGR) and a boost in federal allocations.

“This new salary structure is designed to stimulate Imo State’s economy while also boosting the morale and productivity of our civil servants,” Uzodimma stated.

As part of his broader reforms, the governor further announced the release of N16 billion to clear outstanding gratuity arrears for pensioners in the state, a move expected to bring relief to thousands of retirees.

The wage increment is being hailed as a landmark decision that could set a precedent for other states, as inflation and rising living costs continue to put pressure on Nigerian workers. Read More

CBN Orders GPS Tracking on All PoS Terminals to Curb Fraud, Enhance Oversight

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August 27, 2025

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The Central Bank of Nigeria has mandated banks and fintechs to install GPS tracking on all PoS machines within 60 days, aiming to curb fraud and improve payment oversight

CBN Orders GPS Tracking on All PoS Terminals to Curb Fraud, Enhance Oversight

The Central Bank of Nigeria (CBN) has directed banks, fintech companies, and other licensed payment operators to install GPS tracking systems on all Point of Sale (PoS) terminals as part of new measures to strengthen oversight of electronic transactions.

The directive, contained in a circular dated August 25 and signed by Rakiya Yusuf, Director of the Payments System Supervision Department, mandates that all PoS devices must have “native geo-location services enabled, with Double-Frequency GPS receivers for reliable geo-location service.”

According to the guidelines, each terminal must be registered with a payment terminal service aggregator (PTSA) and tied to accurate coordinates of the merchant or agent’s business location. The new rules mean PoS devices must capture and transmit their location data at the start of every transaction.

Transactions initiated outside a 10-metre radius of the registered business point will be flagged, while terminals that are not geo-tagged will be barred from processing payments.

“All existing terminals must be geo-tagged within 60 days of this circular, while new terminals must be tagged before certification and activation,” the CBN stated. “Geo-location data must be captured at transaction initiation and included in the message payload as a mandatory reporting field: Terminals not directly routed to a PTSA are not permitted to transact.”

The directive comes amid a rapid rise in PoS usage across Nigeria, where cash scarcity, reduced ATM availability, and fewer bank branches have fueled reliance on PoS operators for daily transactions. However, this boom has also heightened risks, with fraud cases increasing and security officials warning that kidnappers sometimes exploit PoS machines to collect ransom payments.

In addition, the CBN ordered payment companies to adopt ISO 20022, a new global messaging standard developed by SWIFT, by October 31. The regulator said the standard will improve transaction data quality, boost transparency, and enhance the security and efficiency of both domestic and cross-border payments. Read More

Osun Monarch, Apetu of Ipetumodu, Jailed 56 Months in U.S. for $4.2m COVID-19 Relief Fraud

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August 27, 2025

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Oba Joseph Olugbenga Oloyede, the Apetu of Ipetumodu in Osun State, has been sentenced to 56 months in a U.S. prison for a $ 4.2 million COVID-19 relief fraud, ordered to pay restitution, and forfeit assets

Osun Monarch, Apetu of Ipetumodu, Jailed 56 Months in U.S. for $4.2m COVID-19 Relief Fraud

The Apetu of Ipetumodu in Osun State, Oba Joseph Olugbenga Oloyede, has been sentenced to 56 months in a United States prison for his role in a $4.2 million COVID-19 relief fraud scheme.

The sentencing was delivered on August 26, 2025, by Judge Christopher A. Boyko of the Northern District of Ohio, following the monarch’s guilty plea in April.

According to U.S. prosecutors, Oba Oloyede conspired with others to fraudulently obtain pandemic relief loans meant for struggling American businesses and workers. Investigators revealed that he diverted the funds to acquire personal assets, including a luxury home in Medina, Ohio.

As part of his punishment, the monarch was ordered to pay $4,408,543.38 in restitution, forfeit his Ohio property and nearly $96,000 in seized funds, and serve three years of supervised release after completing his prison term.

His co-conspirator, Nigerian pastor Edward Oluwasanmi, had earlier been sentenced in July to 27 months in prison for his role in the fraudulent scheme.

The conviction has sent shockwaves across Ipetumodu and Nigeria at large, with many expressing concerns about the reputational damage to traditional rulers.

U.S. authorities noted that the case is part of a broader effort to recover billions of dollars lost to pandemic-related fraud, which has become a global challenge since the rollout of COVID-19 relief programs. Read More

Owa Ajero of Ijero Kingdom, Oba Adewole, Pays Courtesy Visit to Nigerian High Commission in Ghana

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August 27, 2025

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Owa Ajero of Ijero Kingdom, Oba Adewole, Pays Courtesy Visit to Nigerian High Commission in Ghana

During the visit, Oba Adewole praised Nigeria’s Acting High Commissioner to Ghana, Ambassador Ifedayo Adeoye

Owa Ajero of Ijero Kingdom, Oba Adewole, Pays Courtesy Visit to Nigerian High Commission in Ghana

Hs Royal Majesty Oba Joseph Adebayo Adewole, also known as the Owa Ajero of Ijero Ekiti, paid a courtesy visit to the Nigerian High Commission in Accra, Ghana, on Tuesday, August 26, 2025, where he commended the mission for its steadfast commitment to protecting the lives and interests of Nigerians in Ghana.

During the visit, Oba Adewole praised Nigeria’s Acting High Commissioner to Ghana, Ambassador Ifedayo Adeoye, for his tireless efforts in ensuring the welfare and security of Nigerian citizens.

In his remarks, Ambassador Adeoye described the visiting monarch as a true custodian of Yoruba culture and traditions.

He lauded the Ajero for his leadership style, which he noted reflects humility, inclusiveness, and a democratic spirit.The Acting High Commissioner also highlighted the strides of President Bola Ahmed Tinubu in addressing the challenges confronting Nigerians in Ghana, noting that the administration has been proactive in engaging with Ghanaian authorities to ease difficulties faced by the Nigerian community.

He specifically expressed gratitude to Ghana’s President for improving conditions for Nigerians, particularly in the areas of resident permit approvals and the reduction of the mandatory startup capital requirement for foreign businesses from $1 million to $300,000, a policy awaiting full implementation.

Ambassador Adeoye further raised concerns over the growing menace of illegal migration and human trafficking involving Nigerian youths, disclosing that the High Commission had successfully repatriated more than 800 stranded Nigerians who fell victim to job scams. These victims, lured to Ghana with false promises of employment, were rescued through coordinated interventions by the Commission and relevant stakeholders.

On community relations, he informed the Ajero that the Commission had played a pivotal role in easing tensions surrounding the controversial Eze Ndigbo title issue in Ghana, while reiterating assurances from the Ghanaian government that law-abiding Nigerians would not face deportation, even as erring individuals would be sanctioned in line with the law.

The Ajero’s visit was further enriched by the presence of notable members of the Nigerian community in Ghana, including MetroNews publisher Otunba Femi Davies, Rev. Alabi, Mrs. Ajetunmobi, Evangelist Akinbami Samuel, journalist Wale Onifade, and gospel musician Michael Adjovi, among others.

The historic engagement was facilitated by renowned radio broadcaster Omobola Precious Akangbe, popularly known as Mo’Precious Omo Naija.

The Acting High Commissioner reaffirmed the mission’s commitment to fostering peace, security, and development through innovative partnerships, stressing that the Nigerian community in Ghana remains a vital link in strengthening bilateral ties between both countries.

Nigeria Is a “Goldmine” for Bold Investors – Awele Vivian Elumelu

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August 26, 2025

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Awele Vivian Elumelu, director at Heirs Holdings and founder of Avon HMO, says Nigeria’s demographic strength and unmet needs make it a goldmine for investors despite its challenges

Nigeria Is a “Goldmine” for Bold Investors – Awele Vivian Elumelu

Awele Vivian Elumelu, Director at Heirs Holdings and founder of Avon HMO and Avon Medical, has said Nigeria’s vast demographic strength and unmet needs present enormous opportunities for investors ready to take bold risks.

Speaking at the International Business Conference and Expo 2025 organized by the Lagos Chamber of Commerce and Industry (LCCI), Elumelu described Nigeria as a “goldmine” of possibilities, noting that the country’s economic and social challenges should not overshadow its growth potential.

“Nigeria is home to over 226 million people, with more than 60 percent under the age of 30,” the Avon HMO and Avon Medical founder said. “We are sitting on a massive market, a future workforce, and a generation of innovators waiting for someone to believe in them. But this can also become a challenge if not properly harnessed for human progress.”

Avon Healthcare Limited (Avon HMO) and Avon Medical are twin pillars of Dr. Elumelu’s mission to transform healthcare delivery in Nigeria. They address two of the sector’s most pressing needs: access to affordable health insurance and the availability of world-class medical facilities locally.

The medical doctor and entrepreneur highlighted four key areas where Nigeria’s challenges are also investment opportunities: youth empowerment, power, healthcare, and infrastructure.

On economic instability and unemployment, she argued that Nigeria’s youthful population is its greatest asset. “Our young people are dynamic, ambitious, and entrepreneurial. If we give them the right tools — skills, access to capital, and an enabling environment — they will unleash one of the most vibrant workforces in the world,” she said.

She cited the impact of the Tony Elumelu Foundation, which she co-founded with her husband in 2010. The foundation has committed $100 million to empower African entrepreneurs, funding over 24,000 young people who have collectively created more than 1.5 million jobs and generated $4.2 billion in revenue.

On the power sector, she noted that Nigeria loses about $26 billion annually to poor electricity supply, forcing businesses to spend more on self-generation than innovation. She pointed to Heirs Holdings’ investment in Transcorp Group’s power assets as an example of private capital driving growth and filling critical gaps.

Healthcare, she stressed, is another priority. With Nigeria losing $1.5 billion annually to medical tourism, the sector offers a chance to retain capital and talent at home. Through Avon HMO and Avon Medical, she said, her focus has been on building affordable and accessible healthcare systems that reduce dependence on foreign facilities.

The holder of the national honour of Officer of the Order of the Federal Republic (OFR) also noted the country’s weak infrastructure as both a drag on business and an area ripe for investment in logistics, transport, and housing.

“Africa has had sympathy from the international community. Now, Africa needs more investments,” she told the gathering, while emphasizing that, “Africa has had handouts. Now, Africa needs more partnerships. Africa has had outsiders telling our story. Now, Africa needs entrepreneurs writing the future with our own hands.”

The champion of sustainable development urged the government to ensure policy consistency and create an enabling environment for business, while calling on the private sector to act boldly without waiting for perfect conditions.

“The future of Nigeria — and of Africa — is not being written in New York, London, or Beijing,” she said, adding “It is being written here: in Lagos, Nairobi, Accra, Johannesburg. And it will be written by those who see opportunity where others see obstacles, and who have the courage to act.”

A respected physician, entrepreneur, and philanthropist whose work spans healthcare, business, and social impact in Nigeria and across Africa, Awele is the wife of Tony Elumelu, the leading investor, entrepreneur, and philanthropist.

Her remarks align with growing calls from business leaders for both local and foreign investors to leverage Nigeria’s large consumer base, youthful population, and untapped markets to drive sustainable growth. Read More

2027: Peter Obi Stands Strong Chance of Picking PDP Presidential Ticket if He Returns – Sen. Abba Moro

Politics

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August 26, 2025

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Senate Minority Leader Abba Moro says Labour Party’s Peter Obi stands a strong chance of clinching the PDP presidential ticket if he returns, stressing that “nothing is certain in politics.”

2027: Peter Obi Stands Strong Chance of Picking PDP Presidential Ticket if He Returns – Sen. Abba Moro

The Senate Minority Leader and lawmaker representing Benue South Senatorial District, Abba Moro, has said that the presidential candidate of the Labour Party (LP) in the 2023 general elections, Peter Obi, could secure the Peoples Democratic Party (PDP) presidential ticket if he decides to return to the party.

Moro made this assertion on Tuesday during an interview on Politics Today, a current affairs programme on Channels Television.

When asked about the likelihood of Obi rejoining the PDP ahead of the 2027 general elections, Moro emphasized the unpredictable nature of Nigerian politics.

“As a party we are yet to speak to Peter Obi; some people are already talking to him, and he stands a chance of getting the party’s ticket if he returns.

“The conversation is predicated on the belief by such individuals that if Peter Obi comes back and is the most favoured candidate, the most supported candidate, and becomes a candidate, the PDP will make an impact in the 2027 general elections.”

The statement has further fueled speculations about potential political realignments ahead of the next presidential race, with many observers noting that Obi’s return to the PDP could reshape the dynamics of opposition politics in Nigeria. Read More

Dangote Cement Commended for Exemplary Tax Compliance in Ogun

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August 26, 2025

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Dangote Cement Ibese Plant has set a benchmark for corporate responsibility and financial transparency in Ogun State

Dangote Cement Commended for Exemplary Tax Compliance in Ogun

…Revenue Agency lauds Company’s role as highest industrial taxpayer

The Ogun State Internal Revenue Service (OGIRS) has formally commended Dangote Cement Ibese Plant for its outstanding commitment to tax compliance and its consistent role as the highest tax-paying industrial organisation in the state.

OGIRS while on a familiarisation tour of the 12mmtp Cement Plant in Ibese led by its Director, Field Operations, Mrs. Oluwaseun Olajube praised the company management’s dedication to fulfilling its civic obligations, noting that Dangote Cement Ibese Plant has set a benchmark for corporate responsibility and financial transparency in Ogun State.

The agency also reaffirmed its commitment to strengthening partnerships with key stakeholders across Ogun State’s industrial sector, emphasising the importance of collaboration in driving sustainable economic growth and revenue generation.

Impressed by Dangote Cement, Ibese Plant’s tax credentials, Mrs. Olajube expressed satisfaction with the Company and urged it not to drop its guard, while also seeking timely documentation as well as enhanced collaboration, particularly with the Yewa North Zonal Office of the Service.

She expressed the Agency’s commitment to strengthening alliance with the Ibese Plant in the spirit of transparency, accountability, and mutual benefit and reaffirmed its commitment to fostering stronger partnerships with key stakeholders in the state’s industrial sector.

The Revenue Service boss stated, “Dangote Cement Ibese Plant continues to demonstrate excellence in tax compliance, and we are proud to acknowledge their contribution to the economic development of our state.”

OGIRS reaffirmed its commitment to fostering a business-friendly environment that rewards transparency and compliance, while encouraging other companies to emulate the example set by Dangote Cement.

Receiving the OGIRS team, Dangote Cement Ibese Plant Director, Mr. Ayyagari Subbaraidu, expressed the management’s appreciation to the Revenue Agency for the commitment and recognition demonstrated with the visit.

The recognition give to Dangote Cement, he said, was not just about numbers – “it is about leadership, integrity, and the positive impact of responsible corporate citizenship,”

He said the revenue Agency’s praise from the underscored the importance of private sector collaboration in driving sustainable revenue generation and supporting public infrastructure and services.

Subbaraidu said; “We recognise that tax revenue is the backbone of economic development of States and remain committed to upholding the principles of compliance, accountability, and transparency in all our engagements with Ministries, Departments and Agencies of government.”

The visit marks a significant step in strengthening public-private sector synergy aimed at driving sustainable development and economic growth in Ogun State.

Recall that the President and Chief Executive of the Pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote had disclosed that the Group had paid over N402 billion in taxes in 2024 to the government, making it the highest taxpayer in the country.

The disclosure came in the wake of series of award recently bestowed on the Company and its subsidiaries as Nigeria’s best compliant taxpayer business organisation and FMDQ Gold award winner for being the most active corporate organisation in the foreign exchange market.

The DIL was named Nigeria’s most tax-compliant business organisation, a development Dangote described as a testament to its unwavering commitment to fiscal responsibility and transparency. Additionally, the company was honoured by FMDQ for its outstanding performance as the most active corporate entity in the foreign exchange market.

Federal Inland Revenue Service (FIRS), the nation’s tax regulators had during its Special Day at Lagos International Trade fair in 2024 adjudged Dangote Industries Limited as the most compliant taxpayers in Nigeria.

Its subsidiary, Dangote Cement Plc., in another development emerged as the Largest Commercial Paper Quotation on FMDQ and Single Largest Corporate Debt Issue on FMDQ during its last GOLD award held in Lagos.

The FMDQ GOLD Awards, (Global Competitiveness, Operational Excellence, Liquidity and Diversity), is a corporate tradition that recognises the resilience and agility of the Nigerian financial markets’ participants.

The award acknowledges the valuable efforts of these stakeholders, whose participation in the FMDQ markets and across the financial market infrastructure value chain of FMDQ’s businesses – Securities Exchange, Central Counterparty and Depository – have positively shaped the course of the markets and invariably impacted the development of the Nigerian economy. Read More