Within the next five years, dealers in Nigeria’s
Over-The-Counter (OTC) fixed income market will make their first inroads
into interest rate derivatives deals, BusinessDay can disclose.
This finding follows recent moves by Nigeria’s OTC
securities exchange (FMDQ) to commence on its platform, the trading on
interest rate derivatives. The Self Regulatory Organisation (SRO) had
already commissioned a feasibility study towards the introduction of
interest rates and currencies derivatives products within the five-year
period (2015-2019).
